In February, Toyota announced a wholly-owned Shanghai subsidiary for Lexus EV R&D and production, set to begin operations in 2027. Can foreign OEMs succeed? It depends on their ability to acquire new ...

But the rise of China's auto sector hasn't exactly been a walk in the park for Toyota, either. The world's largest automaker ...

NAGOYA, Japan -- Toyota Motor overcame multiple obstacles to finally win approval for a wholly owned Lexus electric-vehicle plant in China because the Japanese automaker saw the project as key to ...

China's government work report, which was delivered at the opening meeting of the third session of the 14th National People's Congress on March 5, stated that support will be given to major ...

The entry-level model is priced at just under 110,000 yuan ($15,170) making it Toyota’s cheapest EV in China. A model that ...

Genesis will roll out locally produced electrified models in China over the next three to five years, the Beijing-based ...

It’s a big deal. S&P Global Mobility says that over 20% of cars and light trucks sold in the US were built in Canada or ...

Lexus' booth at the 2024 Beijing auto show in April. SONG YU/FOR CHINA DAILY Toyota, the world's leading carmaker by sales, has made a bold move to establish a wholly owned subsidiary in Shanghai to ...

As of late January 2025, Peru's Chancay Port had handled over 15,000 containers and 112,000 tons of bulk cargo, cementing its ...

As the Chinese auto manufacturing sector ramps up, Mercedes-Benz China plans to cut 25% of its workforce by 2027 amid cost ...

Lexus has slimmed and simplified its usual derivative structure for this new RX. Buyers first choose from regular 350h hybrid, 450h+ plug-in hybrid and range-topping 500h hybrid powertrains, each ...