The Shanghai factory is expected to start production in 2027 and will develop a new BEV under Toyota’s premium Lexus brand.

The Japanese automaker announced on Wednesday that it would build a new EV and battery factory in Shanghai, after Tesla did the same in 2019.

Tesla has implemented a new discount on Model 3 vehicles in China, the world’s biggest EV market, amid a worldwide demand ...

CFP. The construction of Tesla's Shanghai Megapack energy storage plant was completed at the end of 2024 after just seven mon ...

SHANGHAI/TOKYO -- In a strategic move to bolster its presence in the world's largest automotive market, Japanese automaker Toyota Motor Corp announced on Wednesday that it will construct a new ...

Toyota Motor Corp will launch a wholly owned company in Shanghai, the company said in a press release on Wednesday, marking ...

Japan's Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand as it raised its ...

Toyota is, in our view, in excellent financial shape, and we believe its balance sheet is one of the strongest in the auto sector. The company has a small debt load and substantial cash holdings.

China, fuelled by recent successes from DeepSeek and Unitree, is making a play for pole position in humanoid robots. Can the ...

Good morning! It’s Wednesday, February 5, 2025, and this is The Morning Shift, your daily roundup of the top automotive ...

While they are not yet capable of performing a wide range of everyday tasks, rapid development promises a bright future for ...

The Megafactory is the first of its kind to be built by Tesla outside the United States, and is dedicated to manufacturing ...