💨 Abstract

Toyota Motor plans to establish a wholly-owned electric vehicle and battery production company in Shanghai for the Lexus brand, set to start production in 2027. The unit will develop a new Lexus EV, with an initial production capacity of 100,000 units per year and about 1,000 new jobs in the start-up phase.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖