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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 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 boosts EV and battery production in China and U.S. as Q3 profit soars
Toyota Motor (NYSE:TM) is ramping up its electric vehicle (EV) and battery production efforts with new initiatives in both China and the U.S., following a surge in its third quarter profit. The company has partnered with the Shanghai government to build a new facility in Jinshan district,
3h
China Market Update: Markets Shrug Off Tariffs, AI Optimism Fuels Rally
Asian equities were mostly higher overnight as Mainland China and Hong Kong outperformed and Indonesia and Thailand ...
The Diplomat
16h
Shifting Gears: China’s Advanced EV Hegemony in Central Asia
Economic, political, and environmental trends are accelerating Central Asia’s shift to EVs, and Chinese firms are at the ...
3d
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 ...
electrive
19h
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 ...
1d
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.
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.
11h
on MSN
Volvo Cars weighs tariffs-led production move, warns of ‘hyper-competitiveness' in China
We’re preparing ourselves to see whether we need to start looking at production relocation or or even supplier relocation,” ...
7d
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 ...
6h
Volkswagen to launch €20,000 ‘China-killer’ electric car
Volkswagen has teased plans for a “China-killer” electric vehicle (EV) that will cost just €20,000 (£16,700) as the German ...
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