<ul><li>Toyota plans to build a new factory in China to produce electric vehicles, specifically from its Lexus luxury brand.</li><li>The facility will be set up in Shanghai and is expected to begin operations in 2027, subject to demand for EVs.</li><li>Unlike its previous joint ventures in China, Toyota will own and operate this factory independently.</li><li>Toyota has been negotiating for tax breaks, land grants, and the ability to own and control assembly plants within China without a joint venture partner.</li></ul>

Toyota set to build its own EV plant in China – report

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