The Shanghai factory is expected to start production in 2027 and will develop a new BEV under Toyota’s premium Lexus brand.

Toyota is developing and making electric vehicles and EV batteries in China, the Japanese automaker said Wednesday, under a ...

The Japanese automaker announced on Wednesday that it would build a new EV and battery factory in Shanghai, after Tesla did ...

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

Toyota's push also comes as worries grow around Asia about a potential trade war brewing after President Donald Trump imposed ...

Toyota Motor will establish a wholly owned company in Shanghai to develop and produce electric vehicles and batteries for the ...

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

In December 2024, U.S. carmaker Tesla kicked off trial production at its second plant in Shanghai, just seven months after the construction began. The factory is dedicated to manufacturing Tesla's ...

Toyota Motor raised its annual earnings guidance after posting higher third-quarter net profit and said it will establish an electric-vehicle unit in China, seeking to shore up its operations in the ...

China was the world’s largest manufacturer of, and market for, new vehicles. Its relentless growth with emerging brands has reshaped the automotive landscape, driven by willing consumers drawn to ...