<ul><li>Toyota is rumored to be evaluating the purchase of struggling Chinese electric vehicle maker Neta to bolster its electrification efforts in China.</li><li>Toyota quickly denied the rumor through its Chinese brand communications director Xu Yiming, stating that they have not heard of such a deal.</li><li>Neta has been facing financial difficulties with halted production, layoffs, and mounting debt, making it a potential target for acquisition.</li><li>Despite the speculation, Toyota has been focusing on expanding its electric vehicle lineup in response to China's growing demand, including plans for a new Lexus EV factory in Shanghai.</li></ul>

Toyota denies rumour of potential Neta purchase

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