China is the world’s largest BEV market, with domestic sales estimated at around 6.7 million units and a further 1 million exported to world markets. Toyota’s hopes the new Lexus plant will help it improve the “supply of products that meet customers' needs in China.”

Shanghai has taken a big step towards reclaiming the title as the country’s largest vehicle production hub following Toyota Motor’s plan to make cars in the city. The metropolis, which has been eclipsed by Shenzhen and Guangzhou since 2022 in car production,

Toyota said Wednesday it will build an EV plant in Shanghai, China. The plant will produce a new Lexus brand EV vehicle.