Report: Toyota is considering the production of Lexus cars in China
According to a recent Reuters report, Japanese automaker Toyota Motor Corporation is mulling the production of its premium Lexus cars in China, in an apparent attempt to make Lexus a distinguished brand in the country. The report is based on the information disclosed to Reuters by four unidentified insiders at Toyota, the biggest automaker in the world.
The under-consideration move to produce Lexus cars in China marks a major shift for Toyota, especially since the automaker has long been opposing the production of the premium cars in the country due to ‘quality’ and ‘profitability’ concerns.
As per the report, Toyota has been researching the possibility of producing its Lexus cars in China for the past two years. Presently, the Lexus models available for purchase in China are imported Japan-manufactured vehicles.
Toyota’s reported move to consider local production of Lexus cars in China is apparently prompted by an in improvement in China-Japan relations, along with new Chinese investment regulations which may give foreign automakers the ability to fully own or majority-control their operations in the country.
Toyota already has Chinese joint-venture partners, like Guangzhou Automobile Group Co and FAW Group, to produce some of the Toyota-brand vehicles -- including the Camry, Corolla, Highlander, Levin and Crown -- in China. The total number of Toyota vehicles, including imported Lexus cars, sold in China in 2017 was 1.29 million.
In a recent announcement, German premium automobile company Audi AG has revealed that the company’s Board of Management has approved a new €14 billion investment plan, which will focus on electric vehicles (EVs).
While we obviously know the general shape of the upcoming Karma Revero - it's based on the old Fisker Karma, after all – the exact details of the Revero are still a bit under wraps.
With major automakers like Audi, Mercedes and Hyundai planning to electrify their vehicles for the Indian market in 2019, Bengaluru-based start-up Log 9 Materials is focusing on innovative Graphene Nanotechnology to solve the ‘range anxiety’ of el
In a recent announcement via a press release, General Motors (GM) and Honda have revealed that they have signed a new partnership for building high-performance, next-generation batteries for electric vehicles (EVs).
In coincidence with its release of financial results for the 2018 second- quarter, electric vehicle maker Tesla Motors has also shared the latest update on the production of its Model 3 electric car.
German automaker Audi has revealed that it has been able to achieve a range enhancement of 30% for its forthcoming e-tron quattro electric SUV through regenerative braking, and has also put it to test.