Toyota to Set up Wholly Owned EV, Battery Unit in China
TOKYO (Reuters) - 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.
After announcing its electric vehicle business lost over $5 billion in 2024, Ford could face even more headwinds this ...
China's meteoric rise in the electric vehicle (EV) market has upended traditional automotive hierarchies, with Chinese ...
The Japanese automaker announced on Wednesday that it would build a new EV and battery factory in Shanghai, after Tesla did ...
Economic, political, and environmental trends are accelerating Central Asia’s shift to EVs, and Chinese firms are at the ...
Tesla and Xpeng are offering rebates on car insurance and loans in February in response to BYD’s price cut in December.
Toyota said Wednesday it will build an EV plant in Shanghai, China. The plant will produce a new Lexus brand EV vehicle.
Nio ( NIO -2.31%), one of China's largest premium electric vehicle (EV) players by sales, was always an intriguing investment ...
China's national financial regulator issued on Friday the first-of-its-kind insurance guidelines for electric vehicles and ...
Global electric car sales Dec. 2024 up 23% YoY to 30% share. China sales up 46% to 53% share. Europe up 4% to 28% share. USA ...
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