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

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

The EV market has turned as mainstream car buyers balk at high prices and spotty charging infrastructure.

Ford said on Wednesday the president of its gasoline vehicles business, Andrew Frick, would take on the additional role of ...

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

The luxury version of Xiaomi's flagship electric vehicle, the SU7 Ultra, will be launched at the end of February, with a ...

Electric cars hit record adoption rates in recent months, but Tesla's shaky sales and an uncertain future for the $7,500 tax ...

Volkswagen teased its upcoming affordable EV, which will sell for 20,000 euros in 2027, with a design reminding of the ...

The landmark EV merger, which would create the world’s third-largest automaker, may not happen after all. Honda and Nissan’s ...

The push comes as worries grow about a potential trade war brewing after President Donald Trump imposed tariffs on China and ...

Toyota shares are climbing higher on the back of upbeat guidance, and the Japanese giant’s plans to set up a wholly-owned EV ...

Tesla and Xpeng are offering rebates on car insurance and loans in February in response to BYD’s price cut in December.