Toyota reportedly eyes wholly-owned EV factory in China

Chiang, Jen-Chieh, Taipei; Jingyue Hsiao, DIGITIMES Asia Wednesday 25 December 2024 0

Credit: AFP

Toyota Motor reportedly plans to set up a new plant in Shanghai, China, to produce EVs for its luxury Lexus brand. This would mark the first fully-owned manufacturing facility by a Japanese automaker in China, similar to Tesla's ownership model. Previously,...

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