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,

Ensuring it has enough of these energy reservoirs to electrify its future U.S. product portfolio, on February 5, Toyota announced its brand spankin’ new manufacturing facility in North Carolina will begin shipping battery packs starting in April.