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 $30 billion. China overtook Japan ...

Toyota is setting up a company in Jinshan district in southwest Shanghai for that effort, with production of the new Lexus EVs starting in 2027. Initial production capacity there totals 100,000 ...

Japan's Toyota began selling a $20,000 smart electric car in China this week, aiming to attract buyers with its advanced features similar to Chinese rivals, as the automaker ups efforts to regain ...

Earlier this month, Toyota established a new Chinese subsidiary for Lexus that will develop and build EVs and batteries at a plant in China. The plant will be located in Shanghai and will ...

A story in Nikkei Asia outlines Toyota's plans for a comeback, or at least a proper counteroffensive: winning approval for a Lexus EV and battery plant in Shanghai, except independently owned as ...

The Shanghai Auto Show is now an established part of the automotive calendar – we’ve got a full list of show debuts ...

United States electric carmaker Tesla Motor Inc is expected to establish service centers in Beijing, Shanghai ... Getty Images The partnership between Toyota and Tesla has finally wound to ...

NAGOYA, Japan -- Toyota Motor overcame multiple obstacles ... The new subsidiary, Lexus (Shanghai) New Energy, will develop and build EVs as well as produce batteries. The plant will open as ...