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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.

Reuters · 1d

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.

UPI News on MSN · 10h

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.

China hits back

NBC News · 6h

Trump's China tariff increase affects Ford and GM vehicles, billions of dollars in auto parts

The largest impact will be on Ford's Lincoln Nautilus and General Motors’ Buick Envision, which accounted for 95% of China-made vehicles sold in the U.S. last year.

CNN on MSN · 1d

China hits back as Trump’s tariffs go into effect

Beijing announced tariffs on Tuesday on some American imports including crude oil, agricultural machinery and liquefied natural gas, in retaliation for the Trump administration’s imposition of 10% tariffs on Chinese imports into the United States.

USA TODAY on MSN · 1d

China hits back with levies on US products after Trump's tariffs take effect

China's finance ministry said it would impose levies of 15% for U.S. coal and 10% for crude oil, farm equipment and some cars.

The Diplomat49m

Shifting Gears: China’s Advanced EV Hegemony in Central Asia

Economic, political, and environmental trends are accelerating Central Asia’s shift to EVs, and Chinese firms are at the ...

19hon MSN

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.

21hon MSN

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 ...

12h

Tesla, Xpeng reignite China EV price war with insurance and loan subsidies

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

electrive4h

German car manufacturers achieve 5% EV market share in China

In China, the combined electric market share of Volkswagen, Audi, BMW, Mercedes and Porsche was only around five per cent ...

TechNode17h

Xpeng beats Li Auto to become China’s top-selling EV startup in January

Xpeng chief executive He Xiaopeng said on Wednesday he expected the company’s annual deliveries to double this year.

Is China's Price War Derailing Nio From Being a Top EV Stock in 2025?

Nio ( NIO -2.31%), one of China's largest premium electric vehicle (EV) players by sales, was always an intriguing investment ...

13h

Chinese EV brands set ambitious target for 2025, with incentives to tap govt's trade-in programs

A number of Chinese electric vehicle (EV) brands have announced ambitious sales targets for 2025, with some eyeing over 100-percent year-on-year growth, the Global Times learned on Wednesday. Speaking ...

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