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.

Toyota is set to open its $14 billion battery plant south of Greensboro 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 has unveiled plans to accelerate its electrification initiatives in the US and China, according to its latest financial report. The Japanese automaker will begin producing batteries for hybrid electric vehicles (HEV),