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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 on MSN · 15h

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.

Fortune on MSN · 10h

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.

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 · 11h

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 · 14h

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 ...

2hon 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.

Stocktwits on MSN1h

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 ...

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 ...

TopSpeed4h

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, ...

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 ...

8hon 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 ...

7hon 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 ...

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