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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.
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 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.
The Diplomat
10h
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 ...
6h
China Market Update: Markets Shrug Off Tariffs, AI Optimism Fuels Rally
Asian equities were mostly higher overnight as Mainland China and Hong Kong outperformed and Indonesia and Thailand ...
3d
China Evergrande's EV unit says struggling to attract investors amid liquidity crisis
China Evergrande New Energy Vehicle said on Monday it is struggling to attract strategic investors amid a severe liquidity ...
1d
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.
electrive
22h
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 ...
Electrek
2d
I went back to China to tour more e-bike factories and visit companies. Here’s what I saw
From there, I visited their operations center where the company has a large warehouse stocked with just about everything you ...
9h
Volkswagen to launch €20,000 ‘China-killer’ electric car
Volkswagen has teased plans for a “China-killer” electric vehicle (EV) that will cost just €20,000 (£16,700) as the German ...
TechNode
1d
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.
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