Toyota is set to debut its own version of Tesla's EV-making tech in China. Read this as a cost story, not a product one: the China price war is squeezing legacy automakers into copying the build playb

What happened: Toyota plans to use its own gigacasting machinery to build EVs at a $2 billion Lexus factory in Shanghai, its first use of the giant presses, with production due to start in 2027. Key numbers: $2 billion factory investment. Production start 2027. Toyota China sales down 19% after first eight months of the year. Why it matters: Toyota aims to become competitive in China, where local brands dominate EVs. CTO Hiroki Nakajima called it a big chance to change the manufacturing system, with the technology developed in-house.

Toyota plans to use its own gigacasting machinery to build EVs at a $2 billion Lexus factory in Shanghai, its first use of the giant presses, with production due to start in 2027.

Toyota aims to become competitive in China, where local brands dominate EVs. CTO Hiroki Nakajima called it a big chance to change the manufacturing system, with the technology developed in-house.