Can we buy Made-in-China Lexus in the future!? Will it be manufactured in Shanghai, China?
AshleyJul 01, 2024, 04:52 PM
News on July 1st, according to media reports, Toyota plans to establish a wholly-owned Lexus factory in Shanghai, China to focus on the production of high-end electric vehicles. In order to obtain tax benefits, policy support, and land subsidies similar to Tesla, Toyota is seeking government favors.
Insiders said that Shanghai hopes to attract large companies like Toyota to settle there, which can attract more foreign investment. But the implementation of the project needs to be approved by the government, and there is still uncertainty in subsequent progress. At present, Toyota has not responded to this matter.
In 2023, Koji Sato succeeded Akio Toyoda as the new president of Toyota Motor. After taking office, he immediately promoted the "priority development of electric vehicles" strategy, and pointed out that in order to provide consumers with more attractive pure electric vehicles, Toyota must simplify car structures, and completely change their operating methods with pure electric vehicles as the first goal.
Koji Sato positions Lexus as the leader of Toyota's future electrification. According to the company's previous plan, Toyota will develop a new electric vehicle model for the Lexus brand before 2026. This new model will make significant improvements in the battery and chassis architecture, and may abandon the e-TNGA platform currently used by Toyota.
The discussion of Lexus's localization in China started more than ten years ago. In 2006, Lexus once stated that if the sales volume in the Chinese market could break through 30,000 units, it would consider producing in China. Later, this number was adjusted to 50,000 units, and then to 100,000 units. By 2016, Lexus's annual sales in China exceeded 100,000 units for the first time, but the company's attitude at the time was "not considering localization".
Analysts believe that Lexus's previous reluctance to manufacture in China mainly included two aspects of concerns. On one hand, they believed that localization would face the risk of product quality reduction, and on the other hand, Toyota did not want to share the higher profits of the Lexus brand with its local partners.
In the first five months of 2024, Lexus sold 72,275 units in China, an increase of 33.4% year-on-year. Of these, the ES series sold 45,937 units, a year-on-year increase of 58.16%. Despite the increase in sales, the terminal price of Lexus has begun to decline. Taking the ES 200 Excellence Edition as an example, the maximum discount reached 80,000 RMB, which is in stark contrast to the situation in the past few years where prices had to be increased for purchase.
If any infringement occurs, please contact us for deletion
Trending News

Toyota has Launched a Revamped Version of Corolla in Japan, No Longer Sell Gasoline-Powered Corolla
[PCauto] Toyota has recently launched a new facelift of the Corolla series in Japan, also announcing that all Japanese Corollas will now adopt hybrid power, making the gasoline version a thing of the past.Regarding this, Toyota claims that it will commit to achieving a carbon-neutral target, and the cancellation of the gasoline version of the Corolla is one of the steps towards achieving this goal. Hybrid vehicles can significantly reduce the emissions of pollutants such as carbon dioxide compar

Toyota Tundra Owner Achieves the Second Million-Mile Milestone
[PCauto] The mileage often measures the quality and durability of a car, and Victor Sheppard and his two Toyota Tundra pickups have set a staggering record.With Victor Sheppard's dedication and careful maintenance of the Toyota Tundra, he successfully drove two different Tundra pickups over 1 million miles (approximately 1,609,340 kilometers).In 2007, Sheppard bought a brand new Toyota Tundra CrewMax. Over the next nine years, as a contractor, he worked across the United States, from Louisiana t

BYD YANGWANG U7 Launches with World's First Suspension Charging Tech
[PCauto] On March 27, BYD YANGWANG U7 was launched, with two power versions of pure electric and plug-in hybrid, a total of four models. YANGWANG U7 EV Five-seater Luxury Edition, priced at about 292.85 million baht/RM38.31 YANGWANG U7 EV Four-seater Flagship Edition, priced at about 330.04 million baht/RM43.19 YANGWANG U7 PHEV Five-seater Luxury Edition, priced at about 292.85 million baht/RM38.31 YANGWANG U7 PHEV Four-seater Flagship Edition, priced at about 330.04 million bah

HAVAL H6: A Balanced Performer and a Reliable Choice for Family SUVs
Price of HAVAL H6HAVAL H6 has a total of 1 submodel.• 2024 HAVAL H6 HEV priced at RM 139,800Driving experience of the HAVAL H6As for the power, the HAVAL H6 is equipped with a 1.5L 4-cylinder turbocharging source, delivering a maximum power output of 110 kW and a peak torque of 230 N·M, with maximum torque available at 1500-4000 rpm. The power is transmitted to the Front Wheel via an AT transmission, achieving a combined fuel consumption of 5.8 L/100km. This p

BYD Rolls Out Software Update for Second-Generation Yuan Plus, Introducing Sentinel Mode
【PCauto】Recently, BYD began to push the functionality of Sentinel Mode to the second-generation Yuan Plus (Atto 3). The second-generation Yuan Plus was launched on March 5th, and just over ten days later, it received its first major software update. As an entry-level pure electric vehicle model, Yuan Plus can have DiPilot 100 as intelligent driving and sentinel mode, which undoubtedly greatly enhances its cost-effectiveness.Yuan Plus, based on BYD e-platform 3.0 (BYD e - platform 3.0), is equipp
Popular Cars
Car Compare