The Shanghai factory is expected to start production in 2027 and will develop a new BEV under Toyota's premium Lexus brand.
Japan's Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand as it raised its annual net profit forecast to almost US$30 billion.
Toyota is developing and making electric vehicles and EV batteries in China under a new partnership with the Shanghai ...
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Japanese carmaker Toyota on Wednesday that it will build a wholly-owned subsidiary in Shanghai to develop and produce ...
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Toyota wants to establish a new wholly-owned subsidiary for the development and production of BEVs and batteries in the ...
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Toyota Motor will establish a wholly owned company in Shanghai to develop and produce electric vehicles and batteries for the ...