Toyota to Produce Lexus Electric Vehicles in Shanghai
Nagoya, Feb. 5 (Jiji Press)--Toyota Motor Corp. said Wednesday that it will set up a subsidiary in Shanghai to develop and produce electric vehicles and batteries in a carbon neutrality partnership with the Chinese city.
The new company will start building Lexus EVs as early as 2027 at an annual pace of some 100,000 units. The move will create about 1,000 jobs.
(2025/02/05-22:30)
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