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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 · 19h

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 · 15h

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 · 2d

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 · 16h

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 · 19h

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.

Toyota: Potential Trade-War Winner As Japan Sits On Sidelines

Toyota's recent earnings report showed a 4.8% revenue increase but a 13.2% decline in operating income. Learn more about TM ...

7hon MSN

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.

3hon MSN

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

Toyota’s U.S.-listed American depositary receipts (ADRs) closed up 4.2% at $195.35, while the S&P 500 and Dow Jones ...

https//carbuzz1h

Toyota's Early 2000s Hot Hatch Was A Power-Dense Superstar

With the hot-hatch market continuing to be lucrative in the early 2000s, Toyota entered the fray with a powerful version of ...

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 ...

autoevolution5d

Toyota Remains the World's Most Valuable Auto Brand, Also the Biggest Carmaker in 2024

Just before January ended, the Japanese automaker Toyota Motor Corporation announced its final results for last year - ...

TopSpeed8h

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, ...

12hon 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.

12hon 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 ...

Stocktwits on MSN6h

Toyota Downgraded After Second Straight Profit Drop, But Stock Climbs As Annual Outlook Improves: Retail Stays Optimistic

U.S.-listed shares of Toyota Motor Corp. jumped 4% on Wednesday afternoon, reaching a one-month high, despite the Japanese automaker reporting a second consecutive quarterly profit decline. For the ...

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