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Toyota, Shanghai and EV

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.

Global Times · 1d

Toyota to set new wholly owned firm in Shanghai, showing Chinese market’s attractiveness

Toyota Motor Corp will launch a wholly owned company in Shanghai, the company said in a press release on Wednesday, marking another key milestone in China's auto industry as the Japanese carmaker becomes the latest foreign motor vehicle producer to make such a move,

UPI · 1d

Toyota to build new Lexus EV plant in Shanghai

Toyota said Wednesday it will build an EV plant in Shanghai, China. The plant will produce a new Lexus brand EV vehicle.

China, Toyota

Hosted on MSN · 1d

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 new partnership with the Shanghai government. Toyota Motor Corp. also announced it will start producing batteries for EVs,

AOL · 1d

Toyota stock climbs on guidance boost, new China EV unit

Toyota shares are climbing higher on the back of upbeat guidance, and the Japanese giant’s plans to set up a wholly-owned EV unit in China.

The Financial Times · 1d

Toyota raises profit forecast and aims to double down in China

Toyota raised its full-year profit forecast on cost-cutting efforts, despite recording a second consecutive quarterly drop in profit, as sales growth driven by a hybrid boom cooled off. The world’s largest automaker said on Wednesday that operating profit came in at ¥1.

1don 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 ...

TechNode13h

Toyota’s new Lexus factory could be larger than Tesla’s Giga Shanghai: report

Toyota’s new factory is said to be minutes away from a railway station in Jinshan, the district branding itself as ...

electrive1d

Toyota to set up fully owned Lexus factory in China

Toyota wants to establish a new wholly-owned subsidiary for the development and production of BEVs and batteries in the ...

Toyota's $14B NC battery plant to start production in April

Toyota is set to open its $14 billion battery plant south of Greensboro in April.

7don 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 ...

Toyota’s $14 Billion Battery Plant Gears Up for Production in North Carolina

Toyota’s Multi-Pathway Approach. Sean Suggs, president of Toyota North Carolina, emphasized the company’s commitment to offering consumers a variety of options in the EV lands ...

中国日报网15h

Toyota announces carbon neutrality agreement with Shanghai

Toyota Motor Corporation announced Wednesday to sign a comprehensive partnership agreement on carbon neutrality with Shanghai and will establish a new wholly owned company in the city's Jinshan ...

1don 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 ...

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