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.
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’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. This is the Japanese company’s first in-house battery factory outside Japan, and it will start shipping batteries for Toyota and Lexus electrified vehicles in North America in April.
Toyota completes EV battery plant in US
Failed to fetch dynamically imported module: https://finance.yahoo.com/assets/_app/immutable/nodes/105.JzBkOQ-g.js
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 government
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.
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, at a time when many foreign car companies are struggling in China.
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.
Ford’s F-150 Lightning is falling behind Tesla’s Cybertruck in deepening EV crisis
The EV market has turned as mainstream car buyers balk at high prices and spotty charging infrastructure.
PC Magazine14h
Trump Threats Haven't Scared Off EV Buyers Yet, But How Long Will That Last?
Electric cars hit record adoption rates in recent months, but Tesla's shaky sales and an uncertain future for the $7,500 tax ...
Paul Tan18m
Ferrari EV reveal on October 9, will be “unique” in style, performance; 5 more models planned for 2025
It would have seemed sacrilegious only a few short years ago, but Ferrari is – shock, horror! – making an electric vehicle. That much had been known for some time, but the company has now ...
Xiaomi founder sets 10,000 sales target for luxury version of flagship EV
The luxury version of Xiaomi's flagship electric vehicle, the SU7 Ultra, will be launched at the end of February, with a ...
EV Sales Shoot Up By 19 Percent In India, Tata Punch Registers Highest Sales
The EV market in India has grown by 19 percent, with Tata Punch EV achieving the highest sales record in the segment.
Electrek19h
EV charging alliance IONNA moves into full-scale deployment of 30k new charger bays in US
OEM alliance and EV charging juggernaut IONNA has announced a key milestone today, transitioning from public beta testing in ...
Fleet News1h
New car market to miss EV target | Fleet registrations fall year-on-year
There were 89,369 new cars were registered to fleet and business in January, some 3,262 fewer vehicles than reported in the ...
EV demand stalls out in California as automakers face zero-emission sales mandate
Aside from Tesla, no other major manufacturer will meet the state's 35% threshold for zero-emission vehicles in the 2026 ...