Shanghai and Toyota Motor Sign Strategic Cooperation Agreement

On April 22, Shanghai and Toyota Motor Corporation held a signing ceremony for a cooperation agreement in Shanghai. The Jinshan District Government of Shanghai and Toyota China signed a memorandum of cooperation, and Jinshan District New Jinshan Development Company and Lexus (Shanghai) New Energy Co., Ltd. signed an investment service agreement. This marks that the Lexus pure electric vehicle and battery R&D and production company wholly owned by Toyota Motor has officially landed in Jinshan District, Shanghai.