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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 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 said it had "decided to establish a wholly owned company for the development and production of Lexus BEVs (battery electric vehicles) and batteries in Shanghai,
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 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.
7h
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 ...
electrive
2h
German car manufacturers achieve 5% EV market share in China
In China, the combined electric market share of Volkswagen, Audi, BMW, Mercedes and Porsche was only around five per cent ...
2h
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 the same in 2019.
6h
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.
CNN on MSN
13d
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 ...
TechNode
4h
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.
8d
EV car sales to top 20 million in 2025, research firm says
Global sales of fully electric and plug-in hybrid vehicles will rise by at least 17% this year to over 20 million cars, ...
13d
on MSN
There's a new buzzword in China's EV industry
"We actually no longer call it EV. We call it EIV. 'I' stands for intelligent," Pan Jian, the co-chairman of CATL, told a ...
6d
Is China's Price War Derailing Nio From Being a Top EV Stock in 2025?
Nio ( NIO -2.31%), one of China's largest premium electric vehicle (EV) players by sales, was always an intriguing investment ...
Yen on MSN
9d
Tesla, BMW take EU to court over China EV tariffs
a stuttering switch to
electric
vehicles
(
EV
) and increased competition in key market
China
. But BMW said the duties ...
2d
China Evergrande's EV unit says struggling to attract investors amid liquidity crisis
China Evergrande New Energy Vehicle said on Monday it is struggling to attract strategic investors amid a severe liquidity ...
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