Toyota plans to build an electric car factory in Shanghai, Lexus brand may be produced domestically

According to media reports, Toyota has decided to build a pure electric vehicle factory in Shanghai to produce Lexus brand cars. Although Toyota has not commented on this, the news has attracted widespread attention in the industry. If Lexus is really produced in China, will it be good or bad for the brand? Considering that the new factory will focus on the production of electric vehicles, the impact on Lexus may not be significant. However, if the production of fuel vehicles is introduced at the same time, it may have an adverse impact on it.