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Toyota to set up wholly owned EV, battery unit
Toyota unveils a plan to become ‘more loved’ in China by taking a page out of Tesla’s playbook: A wholly-owned Shanghai EV plant
The Shanghai factory is expected to start production in 2027 and will develop a new BEV under Toyota's premium Lexus brand.
Toyota to set up wholly owned EV, battery unit in China
Toyota Motor will establish a wholly owned company in Shanghai to develop and produce electric vehicles and batteries for the Lexus brand, with production set to start in 2027, the world's top-selling automaker said on Wednesday.
Toyota to build new EV plant in Shanghai
SHANGHAI/TOKYO -- In a strategic move to bolster its presence in the world's largest automotive market, Japanese automaker Toyota Motor Corp announced on Wednesday that it will construct a new wholly-owned electric vehicle (EV) manufacturing plant in Shanghai.
22h
on MSN
Japan's Toyota announces EV and battery push in China and U.S., as its quarterly profit surges
Toyota is developing and making electric vehicles and EV batteries in China, the Japanese automaker said Wednesday, under a ...
15h
Toyota To Open New EV Production Facility In Shanghai
Toyota's partnership with Shanghai aims to support carbon neutrality, focusing on green tech like hydrogen energy and ...
EconoTimes
20h
Toyota to Launch Lexus EV Production in Shanghai by 2027
Toyota Motor (NYSE: TM) is set to establish a wholly owned company in Shanghai to develop and manufacture electric vehicles ...
6d
on MSN
Toyota sells 10.8M vehicles in 2024, keeps global sales crown for fifth year
Toyota retained its top spot in 2024, selling 10.8M vehicles despite a 3.7% drop, with hybrid sales surging amid challenges ...
16h
on MSN
Toyota is following Elon Musk's lead as it tries to turn things around in China
The Japanese automaker announced on Wednesday that it would build a new EV and battery factory in Shanghai, after Tesla did ...
1d
on MSN
Toyota Motor posts nearly 28% drop in third-quarter operating profit, missing estimates
Toyota Motor on Wednesday reported a second consecutive fall in profit, as it navigates competition in China and a market ...
6d
Toyota Is World’s No. 1 Carmaker for Fifth Year in a Row, Beating Out VW
Hybrids represented nearly half of Toyota's global sales in 2024, so not going all-in on EVs has seemingly paid off.
1d
on MSN
Toyota raises full-year profit outlook by 9% to nearly $31 billion
Toyota Motor raised its full-year operating profit forecast by 9% on Wednesday, in a sign of confidence in its ability to ...
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Tesla
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