The Shanghai factory is expected to start production in 2027 and will develop a new BEV under Toyota's premium Lexus brand.

Toyota Motor (TM) is ramping up its electric vehicle (EV) and battery production efforts with new initiatives in both China ...

Toyota is developing and making electric vehicles and EV batteries in China under a new partnership with the Shanghai ...

Toyota Motor will establish a wholly owned company in Shanghai to develop and produce electric vehicles and batteries for the ...

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

Toyota said Wednesday it will build an EV plant in Shanghai, China. The plant will produce a new Lexus brand EV vehicle.

Toyota shares are climbing higher on the back of upbeat guidance, and the Japanese giant’s plans to set up a wholly-owned EV ...

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

Tesla has implemented a new discount on Model 3 vehicles in China, the world’s biggest EV market, amid a worldwide demand ...

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

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