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Toyota’s new Lexus factory could be larger than Tesla’s Giga Shanghai: report
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TechNode
Toyota’s first wholly-owned electric Lexus plant in China could be larger than Tesla’s Shanghai Gigafactory, according to since-deleted publicly available documents shared by a Chinese blogger, revealing significant details on the latest investment in China by the world’s biggest automaker.
Chinese blogger “This is Jinshan” (这里是金山, our translation) on Wednesday shared online a post initially published last November by Shanghai’s Jinshan district government.
It says the Shanghai government would be allocating 113 hectares to “a new energy vehicle and cutting-edge battery manufacturing project” at the High-tech Industrial Development Zone in the district, likely for Toyota’s Shanghai facility.
This would make the project larger than Tesla’s Shanghai Gigafactory in the city’s Lingang New Area.
The news comes days after Toyota appointed Li Hui, formerly the executive vice general manager of Lexus China, as its first Chinese general manager of Toyota China in the hopes of driving the initiative and defending its share of the market.
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