The Los Angeles Post
U.S. World Business Lifestyle
Today: March 22, 2025
Today: March 22, 2025

Toyota to build plant to produce EVs in China, Nikkei reports

Toyota Motor Corporation's cars are seen at briefing on battery EV strategy in Tokyo
December 23, 2024
Reuters - Reuters

TOKYO (Reuters) - Toyota Motor has decided to build a new factory to produce electric vehicles in China, the Nikkei business daily reported on Monday.

The company will produce its luxury car brand Lexus at a new plant in Shanghai, the Nikkei reported citing several sources.

Toyota has worked in China via joint ventures with local manufacturers but the Japanese automaker will build this factory and operate it independently, the report said.

Toyota aims to start operations at new plant around 2027, it said.

A Toyota spokesperson told Reuters the content of the report was not published by the company.

(Reporting by Kaori Kaneko and Maki Shiraki; editing by Alison Williams and Jason Neely)

Related Articles

Trump vows to take back 'stolen' wealth as tariffs on steel and aluminum imports go into effect Mercedes-Benz names Jason Hoff to newly created position of North America CEO Trump's expanded metals tariffs to hit goods from horseshoes to bulldozer blades Lego sales rise as bricks click with more shoppers
Share This

Popular

Asia|Political|US|World

North Korean leader reaffirms support for Russia's war in Ukraine in talks with top official

North Korean leader reaffirms support for Russia's war in Ukraine in talks with top official
Asia|Business|Economy|Political|Stock Markets|US

Stock market today: Wall Street closes higher, snapping a 4-week losing streak

Stock market today: Wall Street closes higher, snapping a 4-week losing streak
Africa|Americas|Asia|Crime|Europe|World

Migrant deaths hit record in 2024, with 10% violently killed, UN agency says

Migrant deaths hit record in 2024, with 10% violently killed, UN agency says
Asia|Business|Economy|Political

India parliament panel asks government to cut tariffs to boost local manufacturing

India parliament panel asks government to cut tariffs to boost local manufacturing

Asia

Asia|Political|US|World

Hegseth to visit the Philippines for talks that will include South China Sea concerns, envoy says

Hegseth to visit the Philippines for talks that will include South China Sea concerns, envoy says
Asia|Business|Economy

China's central bank says it will boost forex market resilience

China's central bank says it will boost forex market resilience
Asia|Political|World

Japan PM says ties with South Korea, US remain important, South Korea says

Japan PM says ties with South Korea, US remain important, South Korea says
Asia|Business|Economy|Finance|Technology

Indian IT earnings likely to stutter in fiscal 2026 on US spending woes, analysts say

Indian IT earnings likely to stutter in fiscal 2026 on US spending woes, analysts say