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 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.
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.
Toyota to Launch Lexus EV Production in Shanghai by 2027
Toyota Motor (NYSE: TM) is set to establish a wholly owned company in Shanghai to develop and manufacture electric vehicles (EVs) and batteries for its Lexus brand, with production slated to begin in 2027.
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 under a new partnership with the Shanghai government
Toyota revs up EV and battery push in China and US, as profits surge
Toyota's push also comes as worries grow around Asia about a potential trade war brewing after President Donald Trump imposed tariffs on Chinese goods and China retaliated with tariffs to take effect next week.
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.
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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 the same in 2019.
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Xpeng beats Li Auto to become China’s top-selling EV startup in January
Xpeng chief executive He Xiaopeng said on Wednesday he expected the company’s annual deliveries to double this year.
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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 ...
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 ...
Chinese EV brands set ambitious target for 2025, with incentives to tap govt's trade-in programs
A number of Chinese electric vehicle (EV) brands have announced ambitious sales targets for 2025, with some eyeing over 100-percent year-on-year growth, the Global Times learned on Wednesday. Speaking ...
Xiaomi’s HK$1 trillion market value, self-driving features in new Chinese cars: 5 EV reads
From Xiaomi’s market value surpassing HK$1 trillion to self-driving features in new Chinese cars, here are five EV stories ...