Electric vehicle sales continue surging in China. According to Rho Motion, China set another EV sales record last month with 1.2 million units sold, up 50% from October 2023. Over 8.4 million EVs were sold in China in the first ten months of 2024, a notable 38% increase from last year.

The United States has been Toyota’s largest overseas market in recent years, generating a staggering 13.8 trillion Japanese yen in revenue for the automaker in 2024 alone. However, Toyota is now focusing on capturing the Chinese car market.

Toyota is doubling down on its ambitions for the Chinese market, aiming to produce as many as 3 million vehicles annually in the country as it fights to claw back market share los

Like most legacy automakers, Toyota is struggling to keep up in China’s intensifying EV market. However, the company isn’t

Toyota is set to increase its annual car production in China to 2.5 million by 2030, marking a strategic shift to regain market share lost to local competitors. The Japanese automaker plans to empower local teams

Toyota Motor (NYSE:TM) is aiming to produce at least 2.5M vehicles in China per year by 2030, Reuters reported Saturday, citing three people. According to the report, three of the people reportedly said Toyota wants to raise output to as much as 3M by the end of the decade.