Toyota plans to build a wholly-owned factory in Shanghai in 2027 to mainly produce Lexus electric vehicles

Toyota Motor plans to build a wholly-owned factory in Shanghai in 2027, mainly responsible for the production of Lexus brand electric vehicles, thereby realizing the strategic transformation of the Lexus brand in the Chinese market. In response to this news, the relevant person in charge of Lexus China said: This is unofficial news and no comment will be made.