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 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 stock climbs on guidance boost, new China EV unit
Toyota shares are climbing higher on the back of upbeat guidance, and the Japanese giant’s plans to set up a wholly-owned EV unit in China.
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 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.
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.
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Xpeng chief executive He Xiaopeng said on Wednesday he expected the company’s annual deliveries to double this year.
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Battery / EV Metals Price BMI Lithium Carbonate, EXW China, >=99.2% Li2CO3 10,700 BMI Lithium Hydroxide, EXW China, >=56.5% LiOH 9,625 BMI Cobalt Sulphate, EXW China, >20.5% Co 3,554 BMI Nickel ...
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 ...