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,

Profit increased for Japanese vehicle manufacturer Toyota in its third quarter compared to the same period of the previous year. Toyota reported that its net income attributable to the company for the third quarter increased to 2.

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

Toyota said Wednesday it will build an EV plant in Shanghai, China. The plant will produce a new Lexus brand EV vehicle.

Ensuring it has enough of these energy reservoirs to electrify its future U.S. product portfolio, on February 5, Toyota announced its brand spankin’ new manufacturing facility in North Carolina will begin shipping battery packs starting in April.

Toyota has given a date, or at least a month, for opening its $14 billion battery plant south of Greensboro: April. As part of the automaker’s third-quarter financial report given early Wednesday in Japan,

Toyota is set to open its $14 billion battery plant south of Greensboro in April. As part of the automaker’s third-quarter financial report given yesterday in Japan, Toyota Chief Financial Officer Yoichi Miyazaki said the sprawling plant near Liberty has finished preparations for production and will start shipping batteries in April.