Lexus Pursues Exclusive Plant in China to Launch UX Hybrid and New EV Model

Lexus plans to construct a wholly-owned plant in China, initially to produce the UX hybrid and a new BEV, targeting both domestic and international markets, including Japan. However, the timeline for this project is uncertain due to Chinese regulatory restrictions. The move comes as Toyota, Lexus' parent company, seeks preferential treatment similar to Tesla's for EV production, including tax breaks and land grants. This follows local reports and Bloomberg's insights that Toyota is negotiating with Shanghai authorities for greater control over its Chinese operations.