Lexus EV Production in Shanghai
Toyota Motor Corporation is establishing a wholly owned subsidiary in Shanghai to develop and manufacture Lexus electric vehicles (EVs) and batteries. Production is scheduled to commence in 2027.
The new unit will focus on developing a dedicated Lexus EV platform. Initial production capacity is estimated at approximately 100,000 units annually. Additionally, the company plans to create 1,000 new positions during the startup phase.
Toyota is also collaborating with the Shanghai municipal government on carbon-neutral initiatives. The partnership aims to support China's goal of achieving carbon neutrality by 2060.