The Shanghai factory is expected to start production in 2027 and will develop a new BEV under Toyota’s premium Lexus brand.
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.
Toyota's partnership with Shanghai aims to support carbon neutrality, focusing on green tech like hydrogen energy and electric vehicles. The company plans a new subsidiary in Shanghai to produce BEVs.
Toyota Motor Corporation has established a new wholly owned subsidiary in the eastern Chinese city of Shanghai, named Lexus (Shanghai) New Energy Co., ...
Toyota is developing and making electric vehicles and EV batteries in China under a new partnership with the Shanghai government.
Japan's Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand as it raised its ...
Feb. 5 (UPI) --Toyota said Wednesday it will build an EV plant in Shanghai, China, to produce a new Lexus brand electric vehicle. Toyota said in a statement it would establish a "new wholly-owned ...
The Japanese automaker will operate a plant in China for the first time without a local partner, and it will build Lexus EVs ...
Toyota, the world's leading carmaker by sales, has made a bold move to establish a wholly owned subsidiary in Shanghai to ...
Shanghai has taken a big step towards reclaiming the title as the country’s largest vehicle production hub following Toyota Motor’s plan to make cars in the city. The metropolis, which has ...
“We decided to establish a wholly owned company for the development and production of Lexus BEVs and batteries in Shanghai, China,” Toyota chief financial officer Yoichi Miyazaki said ...