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.
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 under a new partnership with the Shanghai government
Toyota Boosts Earnings Guidance, to Set Up China EV Unit
Toyota Motor sold 10.8 million vehicles globally in 2024, retaining its position as the world’s biggest carmaker.
Toyota announces Lexus EV plant in Shanghai
Japan's Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand, at a time when many foreign car companies are struggling in China.
Toyota revs up EV and battery push in China and US, as profits surge
Toyota's push also comes as worries grow around Asia about a potential trade war brewing after President Donald Trump imposed tariffs on Chinese goods and China retaliated with tariffs to take effect next week.
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Xpeng beats Li Auto to become China’s top-selling EV startup in January
Xpeng chief executive He Xiaopeng said on Wednesday he expected the company’s annual deliveries to double this year.
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China made a bet decades ago because it couldn’t compete with the US on cars. That bet is paying off big
By any measure, China’s EV growth has been extraordinary — more than half of new cars sold last year were electric. The ...
Tesla, Xpeng reignite China EV price war with insurance and loan subsidies
Tesla and Xpeng are offering rebates on car insurance and loans in February in response to BYD’s price cut in December.
Don & Elon’s Excellent Adventure? Only China Is Laughing.
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Xiaomi’s Electric SUV Is Bigger Than New Tesla Model Y And Has More Range
Data from China’s Ministry of Industry and Information Technology reveals that all-wheel drive versions of the YU7 have ...
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China urges citizens to trade in ‘old lithium e-bikes’ for newer lead acid electric bikes
In what might seem like a headscratcher, China is now urging its citizens to trade in their lithium-ion battery-based ...
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Tesla, BMW take EU to court over China EV tariffs
The move came as Europe's car industry has been plunged into crisis by high manufacturing costs, a stuttering switch to ...
Ferrari plans electric car debut in Italy this October
Breaking its tradition for roaring petrol engines, Ferrari's much-awaited EV will be showcased at a capital markets day on ...
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China’s Electric Car Exports Drop 10%
Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...