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.
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.
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 ...
Toyota ’s battery manufacturing facility in North Carolina is ready to begin production after a nearly $14 billion investment ...
The company will hire more than 5,000 workers to make batteries for hybrid and electric cars as part of Toyota's approach to ...
Toyota Motor Corporation announced it has completed construction of a new EV battery manufacturing plant in Liberty, in the ...
Toyota’s first in-house battery manufacturing plant outside Japan, is ready to begin production and will start shipping ...