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Toyota to set up wholly owned EV, battery unit

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, the Japanese automaker said Wednesday, under a new partnership with the Shanghai government. Toyota Motor Corp. also announced it will start producing batteries for EVs,

Reuters · 12h

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.

Euronews on MSN · 7h

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.

Toyota likely to post 2nd straight profit drop

Reuters · 1d

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 on Wednesday, as sales growth cools after a strong run powered by hybrid vehicles.

NHK · 8h

Toyota operating profit drops on lower Japan sales

Toyota Motor has posted its first decline in group operating profit for the April-to-December period in two years. The suspension of production of some models following reports of rigged certification tests drove down domestic sales.

The Wall Street Journal on MSN · 11h

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.

4hon MSN

Toyota Earnings Top Tesla’s. It Has Nothing To Do With Cars.

Toyota Motor is doing fine. Something beyond cars is helping. The Japanese auto maker reported fiscal third-quarter results ...

TopSpeed1h

The Toyota Hybrid Crossover That Outsold The Prius Twins In January 2025

You may be surprised, but the Prius Hybrid, along with the Prius Plug-In Hybrid, started the year out slow. In January, ...

Toyota sells 10.8 million vehicles in 2024 to remain world's top-selling automaker

Toyota Motor sold 10.8 million vehicles in 2024, it said on Thursday, remaining the world's top-selling automaker for a fifth ...

42m

Toyota to set new wholly owned firm in Shanghai, showing Chinese market’s attractiveness

Toyota Motor Corp will launch a wholly owned company in Shanghai, the company said in a press release on Wednesday, marking ...

5hon MSN

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.

3don MSN

Ex-Toyota worker helps Japan's foreign residents with work, life and futsal

Morihiro Masada left his career at Toyota Motor Corp. to focus entirely on helping foreign residents in Japan find work an ...

5hon 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 ...

Paul Tan1d

Toyota GR Corolla facelift in Japan – 6MT and 8AT, exclusive Circuit Mode with anti-lag, from RM163k

Toyota may be Japanese, but it’s taken a surprisingly long time to bring the facelifted GR Corolla to its home country. The ...

8hon 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.

8hon MSN

Toyota’s First EV Battery Factory In America Is Ready

The $14 billion North Carolina facility will manufacture batteries for electric vehicles, hybrids and plug-in hybrids.

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