Toyota breaks ground on its wholly owned Lexus EV plant in Shanghai, 100,000 cars a year from 2027

Toyota/Lexus Shanghai gigacasting line

Construction began on Lexus's electric vehicle plant in Shanghai's Jinshan district, two months after Toyota signed a strategic agreement with the city. It is the second wholly foreign-owned car factory in Shanghai after Tesla's, built for 100,000 vehicles a year, with completion targeted for August 2026 and production in 2027.

• Site of about 1.13 million square metres in the Shanghai Bay High-tech Zone.
• Registered capital of JPY 107.1B (about $740M); total project investment reported at CNY 14.6B.
• Strategic agreement with Shanghai signed on 22 April 2025.