Toyota plans to build a wholly-owned electric vehicle factory in China

Toyota Motor Corporation plans to build a new factory in China, mainly to produce electric models of its luxury brand "Lexus". This time, unlike the previous joint venture, Toyota Motor intends to build a 100% foreign-owned factory in China, similar to Tesla's Shanghai factory. Toyota has not yet responded to this, and Lexus China said, "It is unofficial information and no comment will be made."