Toyota's New Lexus EV Plant in Shanghai May Surpass Tesla Gigafactory in Size
Toyota has officially announced the establishment of a wholly-owned entity in Shanghai to manufacture electric vehicles for its premium Lexus brand, with production scheduled to begin in 2027. According to reports citing previously published government documents, the new facility in Jinshan District could occupy 113 hectares, potentially making it larger than Tesla’s Shanghai Gigafactory, which spans 86 hectares. The project aims for an initial annual production capacity of 100,000 units and promises to create 1,000 new jobs. This move marks a significant shift for Toyota, which has historically operated through joint ventures in China, reflecting its strategy to defend market share amid intensifying competition. The announcement follows the appointment of Li Hui as the first Chinese general manager of Toyota China. While TechNode notes it cannot fully verify the authenticity of the leaked documents regarding land size, the official confirmation of the wholly-owned plant underscores Toyota's commitment to localizing EV production and achieving carbon neutrality benchmarks in partnership with the Shanghai municipal government.
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Toyota's New Lexus EV Plant in Shanghai May Surpass Tesla Gigafactory in Size
Toyota has officially announced the establishment of a wholly-owned entity in Shanghai to manufacture electric vehicles for its premium Lexus brand, with production scheduled to begin in 2027. According to reports citing previously published government documents, the new facility in Jinshan District could occupy 113 hectares, potentially making it larger than Tesla’s Shanghai Gigafactory, which spans 86 hectares. The project aims for an initial annual production capacity of 100,000 units and promises to create 1,000 new jobs. This move marks a significant shift for Toyota, which has historically operated through joint ventures in China, reflecting its strategy to defend market share amid intensifying competition. The announcement follows the appointment of Li Hui as the first Chinese general manager of Toyota China. While TechNode notes it cannot fully verify the authenticity of the leaked documents regarding land size, the official confirmation of the wholly-owned plant underscores Toyota's commitment to localizing EV production and achieving carbon neutrality benchmarks in partnership with the Shanghai municipal government.
TechNode