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Toyota is following Elon Musk's lead as it tries to turn things around in China

The Japanese automaker announced on Wednesday that it would build a new EV and battery factory in Shanghai, after Tesla did the same in 2019.

By:Tom Carter
Source:Business Insider
Published:
Toyota is following Elon Musk's lead as it tries to turn things around in China
Tesla electric vehicles outside the company's Shanghai gigafactory.Zhang Hengwei/China News Service via Getty Images
  • Toyota's sales in China are slumping as it faces brutal competition from … [+2886 chars]

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