Toyota plans to build a new EV plant in Shanghai to boost its electric vehicle production.

Toyota plans to build a new electric vehicle (EV) plant in Shanghai, China, to produce Lexus ES and RZ models. This move aims to boost Toyota's EV production, targeting one million EV sales annually by 2030. The facility will enhance Toyota's presence in the world's largest EV market and create local jobs, though investment and capacity details are not yet available.

6 weeks ago
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