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Toyota to set up wholly owned EV, battery unit
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 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 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.
Electrek
4h
This is the Chinese EV Ford’s CEO says it needs to beat ‘straight up in a street fight’
After announcing its electric vehicle business lost over $5 billion in 2024, Ford could face even more headwinds this ...
The Diplomat
14h
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 ...
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.
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
on MSN
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 ...
11h
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 ...
electrive
1d
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 ...
2d
China's curbs on exports of strategic minerals
China announced sweeping export controls on Tuesday targeting five metals used across defence, clean energy and other ...
5h
EV Company News For The Month Of January 2025
Global electric car sales Dec. 2024 up 23% YoY to 30% share. China sales up 46% to 53% share. Europe up 4% to 28% share. USA ...
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