The Zhitong Finance App learned that Toyota Motor Corporation (TM.US) plans to use its own giant die-casting equipment to produce electric vehicles at a Lexus plant with an investment of 2 billion US dollars in China. This is one of Toyota's latest steps to reverse the decline in sales and enhance competitiveness in China. When asked if Toyota is purchasing giant die-casting machines from local suppliers, Toyota Chief Technology Officer Hiroki Nakajima said the company is developing the technology “in-house.” The plant in Shanghai is under construction and is expected to start producing cars in 2027.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that Toyota Motor Corporation (TM.US) plans to use its own giant die-casting equipment to produce electric vehicles at a Lexus plant with an investment of 2 billion US dollars in China. This is one of Toyota's latest steps to reverse the decline in sales and enhance competitiveness in China. When asked if Toyota is purchasing giant die-casting machines from local suppliers, Toyota Chief Technology Officer Hiroki Nakajima said the company is developing the technology “in-house.” The plant in Shanghai is under construction and is expected to start producing cars in 2027.
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