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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 · 1d

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.

AOL · 23h

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.

Electrek22h

Toyota’s first EV battery plant in the US is ready for business, but there’s more

After releasing Q3 earnings on Wednesday, the company announced that the Toyota Battery Manufacturing North Carolina (TBMNC) plant had finished preparations. Toyota said the facility “is ready to ...

GlobalData on MSN1d

Toyota completes EV battery plant in US

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WUNC21h

Toyota's North Carolina factory will soon start making EV batteries

The company will hire more than 5,000 workers to make batteries for hybrid and electric cars as part of Toyota's approach to ...

Electrek6d

Toyota EV sales continued lagging in 2024 at only 1%

Last year, Toyota, including Lexus, sold just 139,892 pure EV models, accounting for just 1.4% of sales. 2025 Lexus RZ 450e (Source: Lexus) Volkswagen sold nearly 745,000 electric vehicles ...

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 ...

Toyota To Open New EV Production Facility In Shanghai

Toyota's partnership with Shanghai aims to support carbon neutrality, focusing on green tech like hydrogen energy and ...

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

Toyota Motor 7203.T sold 10.8 million vehicles in 2024, it said on Thursday, remaining the world's top-selling automaker for ...

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