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

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 ...

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

Toyota Motor sold 10.8 million vehicles in 2024, it said on Thursday, remaining the world's top-selling automaker for a fifth ...

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

Popular automakers — including Honda, Hyundai, and BMW — are racing to get their new flying car models on the market with a ...

The new factory marks a change in strategy for Toyota, which currently sells cars in China through joint ventures with local firms FAW and GAC. The world's largest automaker has struggled in China ...

In 2021, Toyota set a new sales record in China for the ninth consecutive year, delivering 1.94 million vehicles. However, from that point on, the rapid growth of Chinese new energy vehicles (NEVs) ...