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Toyota to set up wholly owned EV, battery unit

Hosted on MSN · 23h

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.

UPI News on MSN · 16h

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.

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 raises profit forecast

Reuters on MSN · 21h

Toyota raises profit view 9%, cites overall business strengthening

Japan's Toyota Motor raised its full-year operating profit forecast by 9% on Wednesday, in a sign of confidence in its ability to ride out the impact of any potential U.S. tariffs. The world's top-selling automaker raised its profit forecast for the current year through March 2025 to 4.

The Financial Times · 1d

Toyota raises profit forecast and aims to double down in China

Toyota raised its full-year profit forecast on cost-cutting efforts, despite recording a second consecutive quarterly drop in profit, as sales growth driven by a hybrid boom cooled off. The world’s largest automaker said on Wednesday that operating profit came in at ¥1.

The Wall Street Journal on MSN · 1d

Toyota Raises Earnings Guidance After Profit Jumps

Toyota Motor sold 10.8 million vehicles globally in 2024, retaining its position as the world’s biggest carmaker.

21hon 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 ...

2d

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 ...

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Toyota is the world’s best-selling automaker - again

Toyota has managed to hold onto its place as the world's best-selling automaker for another year, but German and Korean ...

2d

The 2025 Toyota 4Runner is shockingly ready for whoops

Equipped with tuned shock absorbers from Bilstein, Fox, and Old Man Emu, the new 4Runner is adaptable for on- and off-road ...

1don MSN

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 ...

1d

Toyota, Honda & more recalling over 325K cars: Bring your car to the dealer ASAP, if you have one of these vehicles

The National Highway Traffic Safety Administration announced over 325,000 recalled cars from Honda, Toyota, Acura, Subaru and ...

11h

Someone Turned a $100 Toyota Into This Koenigsegg Jesko Clone

This imitation hypercar has flip-up doors like the real thing, and the same engine as a '90s Corolla behind the driver.

3d

Honda, Toyota, Acura among over 325,000 vehicles recalled: Check car recalls here

The National Highway Traffic Safety Administration issued multiple recalls last week, including notices for nearly 300,000 ...

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