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

Toyota is developing and making electric vehicles and EV batteries in China under a new partnership with the Shanghai ...

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

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

Japan's Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand as it raised its annual net profit forecast to almost USD 30 billion. China overtook ...

A first-ever Lexus plant in China Toyota has signed a letter ... local industrial expertise In addition to producing electric vehicles, Toyota plans to collaborate with local companies to develop ...

Toyota Motor Corporation announced that it plans to establish a wholly-owned subsidiary in China to produce BEVs under its ...

SONG YU/FOR CHINA DAILY Toyota, the world's leading carmaker by sales, has made a bold move to establish a wholly owned subsidiary in Shanghai to produce batteries and electric vehicles for its ...

Toyota, the world’s top automaker, has been slower to embrace battery electric vehicles compared with other global auto giants. Chair Akio Toyoda has long been a skeptic of going fully electric ...