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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, 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.
2h
on MSN
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
Toyota likely to post second straight profit drop as sales growth cools
Japan's Toyota Motor is expected to post its second consecutive quarterly profit drop when it reports third-quarter earnings ...
11h
Toyota operating profit drops on lower Japan sales
Toyota Motor has posted its first decline in group operating profit for the April-to-December period in two years. The ...
ジャパンタイムズ
12h
Toyota raises annual profit guidance despite quarterly income drop
The automaker now expects a profit of ¥4.7 trillion ($31 billion) for the fiscal year ending March, up from its previous ...
6d
Toyota sells 10.8 million vehicles in 2024 to remain world's top-selling automaker
Toyota Motor sold 10.8 million vehicles in 2024, it said on Thursday, remaining the world's top-selling automaker for a fifth ...
TopSpeed
4h
The Toyota Hybrid Crossover That Outsold The Prius Twins In January 2025
You may be surprised, but the Prius Hybrid, along with the Prius Plug-In Hybrid, started the year out slow. In January, ...
autoevolution
5d
Toyota Remains the World's Most Valuable Auto Brand, Also the Biggest Carmaker in 2024
Just before January ended, the Japanese automaker Toyota Motor Corporation announced its final results for last year - ...
8h
on MSN
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.
3d
on MSN
Ex-Toyota worker helps Japan's foreign residents with work, life and futsal
Morihiro Masada left his career at Toyota Motor Corp. to focus entirely on helping foreign residents in Japan find work an ...
7h
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 the same in 2019.
4h
Toyota: Potential Trade-War Winner As Japan Sits On Sidelines
Toyota's recent earnings report showed a 4.8% revenue increase but a 13.2% decline in operating income. Learn more about TM ...
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