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, the Japanese automaker said Wednesday, under a new partnership with the Shanghai government. Toyota Motor Corp. also announced it will start producing batteries for EVs,
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.
Toyota’s First EV Battery Factory In America Is Ready
Toyota ’s battery manufacturing facility in North Carolina is ready to begin production after a nearly $14 billion investment. Batteries for Toyota and Lexus electrified vehicles sold in North America will begin shipping in April. This is the company’s first in-house battery factory outside Japan.
Toyota announces Lexus EV plant in Shanghai
Japan's Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand as it raised its annual net profit forecast to almost $30 billion.- Forecasts up - Toyota said Wednesday it expects to log a net profit this financial year of 4.
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.
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.
WUNC2h
Toyota's North Carolina factory will soon start making EV batteries
The company will hire more than 5,000 workers to make batteries for hybrid and electric cars as part of Toyota's approach to ...
Electrek1h
Honda and Nissan’s $60 billion EV partnership plans are already falling apart
The landmark EV merger, which would create the world’s third-largest automaker, may not happen after all. Honda and Nissan’s ...
Toyota To Open New EV Production Facility In Shanghai
Toyota's partnership with Shanghai aims to support carbon neutrality, focusing on green tech like hydrogen energy and ...
cbtnews2h
GM slashes Cruise workforce, Honda-Nissan merger stalls, Toyota accelerates EV push
Top Stories GM cuts nearly half of Cruise workforce, abandons robotaxi plans. Read More Leadership clash derails Honda-Nissan ...
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 ...
Electrek6d
Toyota EV sales continued lagging in 2024 at only 1%
Toyota maintained its title as the world’s top-selling automaker, with nearly 11 million vehicles sold in 2024. However, EV ...
2025 Chrysler Pacifica PHEV vs Toyota Sienna Hybrid: Efficient family hauler grudge match
Toyota Sienna Hybrid and Chrysler Pacifica plug-in hybrid electric vehicle (PHEV) are some of the most efficient minivans in ...