BRIEF-Toyota - To Establish EV, Battery Subsidiary In China
ReutersFeb 5, 2025 4:35 AM
Feb 5 (Reuters) - Toyota Motor Corp 7203.T:
TOYOTA - TO ESTABLISH EV, BATTERY SUBSIDIARY IN CHINA
TOYOTA - NEWLY FORMED COMPANY WILL DEVELOP A NEW BEV UNDER THE LEXUS BRAND
TOYOTA - PRODUCTION SCHEDULED TO BEGIN FROM 2027 ONWARDS
TOYOTA - INITIAL PRODUCTION CAPACITY WILL BE AROUND 100,000 UNITS PER YEAR
TOYOTA - APPROXIMATELY 1,000 NEW JOBS ARE PLANNED FOR THE START-UP PHASE
TOYOTA - WILL SIGN A COMPREHENSIVE PARTNERSHIP AGREEMENT WITH SHANGHAI MUNICIPAL GOVERNMENT
Source text: ID:nTSne89839
Further company coverage: 7203.T
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