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Toyota To Build A $1.2 Billion Electric Car Factory in Tianjin, China

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just googled. and yes you are right. ... :yes4:
 
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They seem to be falling asleep according to the loss in marketshare. It's only going to get worse with Tesla's plant now open.
Tesla will suspend production at its California plant
March 19, 2020

After initially resisting calls from local authorities to shut down operations at its Fremont, California, factory in the face of the coronavirus outbreak, Tesla said it will stop production at the facility.

The company, which had kept its Fremont factory operating despite a local shelter-in-place order, said it will stop making cars there after Monday, March 23. Tesla's factory in Buffalo, New York, which makes solar power products, will also suspend production.
 
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Toyota sees an EV market that desires EVs with higher quality than local manufacturers can supply. Tesla immediately jumped to the top after the Shanghai plant opening. This caught Toyota's attention quickly.

https://insideevs.com/news/401151/tesla-model-3-best-selling-china-january/
Tesla Model 3 Was Best Selling Plug-In EV Car In China In January
"...The big news is that Chinese customers are now more interested in foreign brands than ever before. The share of Chinese plug-in cars fell from 85% a year ago to 64%."

I love investments and competition. Lure them in, in the future you will see tesla exported from there. Lol.
 
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Dont know why plug in hybrids are not popular . In the developing world with one car per household, a range of 100 km with battery and a IC engine for long distance, would sell like hot cakes. Weight of batteries is normally cited as the problem
 
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The current and prior racism of Japanese and superiority against Chinese prevent them from profiting in the Chinese market.

If Japanese IC industries (world number 1 or 2 in 1980s) moved into China many years ago, they will not be forced into bankruptcy by USA.
 
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