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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.

Reuters · 23h

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.

UPI News on MSN · 10h

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.

AOL · 11h

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.

Euronews on MSN · 18h

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.

China hits back

NBC News · 6h

Trump's China tariff increase affects Ford and GM vehicles, billions of dollars in auto parts

The largest impact will be on Ford's Lincoln Nautilus and General Motors’ Buick Envision, which accounted for 95% of China-made vehicles sold in the U.S. last year.

CNN on MSN · 1d

China hits back as Trump’s tariffs go into effect

Beijing announced tariffs on Tuesday on some American imports including crude oil, agricultural machinery and liquefied natural gas, in retaliation for the Trump administration’s imposition of 10% tariffs on Chinese imports into the United States.

USA TODAY on MSN · 1d

China hits back with levies on US products after Trump's tariffs take effect

China's finance ministry said it would impose levies of 15% for U.S. coal and 10% for crude oil, farm equipment and some cars.

The Diplomat28m

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 ...

19hon MSN

Toyota Boosts Earnings Guidance, to Set Up China EV Unit

Toyota Motor sold 10.8 million vehicles globally in 2024, retaining its position as the world’s biggest carmaker.

21hon MSN

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 ...

11h

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.

electrive4h

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 ...

TechNode17h

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.

Electrek11h

Tesla brings new discount to China amid demand slump

Tesla has implemented a new discount on Model 3 vehicles in China, the world’s biggest EV market, amid a worldwide demand ...

12h

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 ...

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