Toyota Motor (NYSE:TM) is ramping up its electric vehicle (EV) and battery production efforts with new initiatives in both China and the U.S., following a surge in its third quarter profit.  The company has partnered with the Shanghai government to build a new facility in Jinshan district,

The push comes as worries grow about a potential trade war brewing after President Donald Trump imposed tariffs on China and China retaliated.

The company will hire more than 5,000 workers to make batteries for hybrid and electric cars as part of Toyota's approach to encouraging EV ownership in the United States.