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

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

The Japanese carmaker plans to tap the local supply chain, logistics network and talent pool to produce Lexus-branded EVs ...

China is the world’s largest BEV market, with domestic sales estimated at around 6.7 million units and a further 1 million ...

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

Toyota Motor Corp will launch a wholly owned company in Shanghai, the company said in a press release on Wednesday, marking ...

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 ...

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 said Wednesday it will build an EV plant in Shanghai, China. The plant will produce a new Lexus brand EV vehicle.

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

Toyota Motor 7203.T sold 10.8 million vehicles in 2024, it said on Thursday, remaining the world's top-selling automaker for ...

The Chinese onslaught in the local SUV segment means that legacy brands can either adapt or die and Toyota has made its ...