Toyota's Lexus Aims To Build Own Plant In China For UX Hybrid And BEV Production: Report
Portfolio Pulse from Nabaparna Bhattacharya
Toyota's Lexus plans to build its own plant in China to manufacture the Lexus UX hybrid and a new BEV model. The models will be sold in China and overseas, including Japan. However, the proposal may face delays due to Chinese authorities' controls on auto factory capacity. Toyota is in discussions with Shanghai authorities for tax incentives and policy backing. TM shares are trading lower by 1.26%.
July 24, 2024 | 3:34 pm
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Toyota's Lexus plans to establish a plant in China for UX hybrid and BEV production, facing potential delays due to regulatory controls. TM shares are trading lower by 1.26%.
The news of potential delays in establishing a wholly-owned plant in China due to regulatory controls is likely contributing to the current decline in TM shares. Investors may be concerned about the impact of these delays on Toyota's EV production plans and market expansion.
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