Lexus is finally going to be domestically produced.
Today, it was reported that Toyota plans to set up a Lexus plant in Shanghai, which will produce Lexus high-end electric vehicles. Regarding the form of cooperation, Toyota will seek to be 100% wholly owned.
In other words, Toyota plans to follow Tesla's gigafactory in China, hoping to receive tax breaks, land subsidies and policy support. It is understood that the cooperation has now entered the stage of discussing the possibility of cooperation, once the project is approved, then Lexus global electric vehicle production, is likely to be transferred to China, and the domestic Lexus will also have the possibility of further reducing prices.
In 2023, Lexus will sell 181411 units in China, a year-on-year increase of 3%. In the first quarter of this year, Lexus sold a total of 41,000 vehicles in China, an increase of more than 3%. As the most important part of Toyota's electrification, Lexus is not only an important part of the high-end market for Toyota, but also seeks to occupy more high-end market share in China.
So if it is made in China, do you think Lexus's competitiveness will be further improved? Would you choose a Lexus electric car? Welcome to leave a message to discuss.