Toyota is seeking to establish a wholly owned Lexus factory in Shanghai to produce electric vehicles (EVs), aiming to receive favorable treatment similar to Tesla. This move is part of Toyota's broader strategy to navigate innovation and supply chain challenges as it shifts to EV production. Additionally, Toyota plans to launch its first EV with an advanced self-driving system in China by 2025.
Toyota seeks to build EV plant in Shanghai, hoping for Tesla-like treatment, report says https://t.co/wiS4MfQNeF $TM $TSLA
Toyota to launch first EV with advanced self driving system for China in 2025 https://t.co/s3IpWIK6IJ https://t.co/wVzIxwOudQ
As #auto companies make the shift to #EVs, they have to navigate #innovation with #SupplyChain challenges. Here's how @toyota is making their way: https://t.co/oeqolRL4Fl via @TGTreasurer
๐ฏ๐ต๐จ๐ณTOYOTA SAID TO SEEK WHOLLY OWNED LEXUS FACTORY IN SHANGHAI FOR PRODUCING EVS. #CHINA #TOYOTA #EV $TSLA
๐ฃ JUST IN: Chinese Automakers to Capture 33% Global Market Share by 2030 - CNBC $TSLA $NIO $XPEV $LI $PSNY $BYDDY ๐ Key Highlights: ๐ Chinese automakers expected to reach 33% global market share by 2030. ๐ Current market share forecasted at 21% for this year. ๐ Salesโฆ https://t.co/u4HNkWn007
China's 300 million e-scooters to be major challenge for Tesla FSD, says Xpeng exec https://t.co/1xcB2mBCXv $XPEV $TSLA