How many employees work at Toyo Solar?

TOYO Solar Co. Ltd. has approximately 2,359 total employees worldwide as of March 2026, according to Revelio Labs workforce intelligence data. Toyo Solar's total headcount has grown 273.3% from 632 employees in 2023 to 2,359 in 2026.

Data source: Revelio LabsCoverage: Global workforce, 2023–2026Published July 2026

About Toyo Solar's Workforce

TOYO Solar Co. Ltd. is an Electronics Manufacturing company that employs 2,359 people worldwide as of March 2026. It is the 4th-largest by headcount among its peers. Founded in 2022, the company is headquartered in Vietnam.

Toyo Solar's workforce has grown 273.3% from 2023 to 2026, up 16.7% year over year in 2026. Its workforce is concentrated most in Ethiopia (89.2%), followed by Vietnam (5.0%) and the United States (3.9%), with Singapore, its fastest-growing location.

Toyo Solar's largest functional groups are Finance and Operations (59.5%), Sales and Marketing (20.3%), and Engineering (20.2%), with Engineering growing fastest (up 16.3%). Median employee tenure is 1.0 years. The average salary is $7,872, ranging from a median of $45,000 in Northern America to $3,000 in Sub-Saharan Africa.

Toyo Solar's top country shares show Ethiopia holding the largest portion (89.2%), with Vietnam at 5.0% and the United States at 3.9%, while Singapore and Malaysia each account for 0.1% and are noted as Fastest-growing locations at 100% growth. By region, Northern America reports a median salary of $45,000, and Sub-Saharan Africa a median of $3,000; overall, the company’s pay reflects substantial regional variance, and the workforce continues to expand across its footprint.

Sourced from Revelio Labs workforce data.

As of March 2026

Toyo Solar
workforce metrics

Headcount

2.4k

16.7% YoY

Avg. Salary

$7.9k

22.7% YoY

Tenure

1.0yr

0.0yr YoY

Growth Rate

16.7%

57.0pts YoY

Hiring Rate

Attrition Rate

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Interactive chart of Toyo Solar annual worldwide employee count from 2023 to 2026.
  • Toyo Solar had 2,359 employees in 2026, a 16.7% increase (+368) from 2025.
  • Toyo Solar had 2,372 employees in 2025, a 69.3% increase (+1,400) from 2024.
  • Toyo Solar had 972 employees in 2024, a 33.1% increase (+322) from 2023.
  • Toyo Solar had 650 employees in 2023, a 8.1% increase (+68) from 2022.

Toyo Solar's total workforce has grown from 632 employees in 2023 to 2,359 in 2026.

TOYO Solar Co. Ltd. — quarterly employee count (20232026)

YearQtrEmployeesYoY ChangeYoY %
2026Q12,359+368+16.7%
2025Q42,372+1,400+69.3%
2025Q32,402+1,653+79.2%
2025Q22,248+1,550+80.7%
2025Q11,991+1,295+73.7%
2024Q4972+322+33.1%
2024Q3749+101+6.6%
2024Q2698+66+2.8%
2024Q1696+64+2.8%
2023Q4650+68+8.1%
2023Q3648+71+8.1%
2023Q2632+55+8.2%

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Ethiopia accounts for the largest share of Toyo Solar's global workforce with approximately 89% of total employees, followed by Vietnam and the United States. Toyo Solar's headcount in Singapore is growing fastest among its major locations, up 100.0% year over year in 2026.

Toyo Solar employees by country — 2026

CountryEmployees% of TotalYoY %
Ethiopia2,10589.2%+1.3%
Vietnam1185.0%+10.7%
United States933.9%+42.5%
Japan251.1%+0.0%
United Arab Emirates120.5%+0.0%
Singapore30.1%+100.0%
Malaysia20.1%+100.0%

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Toyo Solar's largest employee groups are Finance and Operations (59.5%), Sales and Marketing (20.3%), and Engineering (20.2%).

Toyo Solar employees by department — 2026

DepartmentEmployees% of TotalYoY %
Finance and Operations1,40259.5%-3.6%
Sales and Marketing47920.3%+11.7%
Engineering47720.2%+16.3%

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Toyo Solar's average employee salary is $7,872 globally. Employees in Northern America receive the highest compensation, with median pay approximately 5.7x the global average. Pay is lowest in Sub-Saharan Africa, at a median of $3,000.

Toyo Solar median employee salary by region — 2026 (USD)

RegionMedian Salary
Northern America$45,000
South-Eastern Asia$9,000
Sub-Saharan Africa$3,000

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How fast is Toyo Solar growing?
In 2026, Toyo Solar's headcount grew 16.7% to 2,359 employees, up from 1,991 in 2025.
Where are Toyo Solar employees located?
Most Toyo Solar employees are based in Ethiopia (89.2% of headcount), followed by Vietnam and the United States.
What is the average salary at Toyo Solar?
The average employee salary at Toyo Solar is approximately $7.9k per year.
When was Toyo Solar founded and where is it headquartered?
Toyo Solar was founded in 2022 and is headquartered in Vietnam.

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