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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.
Shanghai aims to reclaim China’s top carmaking crown with 100,000-unit Toyota plant
The Japanese carmaker plans to tap the local supply chain, logistics network and talent pool to produce Lexus-branded EVs from 2027.
Toyota to Set up Wholly Owned EV, Battery Unit in China
TOKYO (Reuters) - 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.
1d
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 ...
2d
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 ...
2h
Flexing muscles: First image of the next Toyota RAV4 revealed
The next generation of the Toyota RAV4 is set to take a significant step in its design, moving closer to the new Land Cruiser ...
2d
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.
TechNode
22h
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 ...
13h
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.
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1d
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 ...
2d
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 ...
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