Toyota Motor in talks to build Lexus factory in Shanghai, report says

[davidlovelexus]

Toyota Motor in talks to build Lexus factory in Shanghai, report says​

Toyota seeks a deal similar to what Tesla received, including tax breaks, policy support, land grants and, unusually for China, the ability to own and control the facility outright without the need for a local venture partner, Bloomberg reported.​

https://www.autonews.com/china/toyota-talks-build-lexus-factory-shanghai-report-says
https://www.bloomberg.com/news/arti...o-seek-wholly-owned-lexus-factory-in-shanghai

 

[mikeavelli]

That would be a wild change. And obviously good for the brand there.