Продаж Lexus LC 2019Toyota opens a new Lexus plant in Shanghai: what is known about the large-scale project
Kyiv • UNN
Toyota plans to build a new Lexus plant in Shanghai to produce electric vehicles starting in 2027. The plant will produce 100,000 cars annually, and by 2035, all Lexus models will be electric.
Toyota, one of the world's largest automotive companies, has ambitious plans. The automaker will build a huge plant in China. They officially announced this on January 5, a UNN correspondent reports, citing Agence France-Presse.
The new plant will start operating no earlier than 2027. However, according to Toyota's forecasts, it will produce as many as 100,000 new cars a year. By 2035, the Japanese plan to make all Lexus models electric. This will be the second foreign plant in China. The first is Tesla, in the same Shanghai.
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According to experts, Toyota will thus regain its lost ground in the Chinese market. After all, since the beginning of the year, the Japanese in this country have experienced a decline in their sales by almost 10% compared to the previous year.
The company's annual profit is expected to be in the range of $30 billion.
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