Toyota Motor Corporation is excited to take a bold step toward sustainability by partnering with the Shanghai municipal government, a move that aligns with the city’s goal of achieving carbon neutrality by 2060.
As part of this initiative, Toyota plans to establish a wholly-owned subsidiary located in Jinshan District, southwest of Shanghai.
This new entity will focus on the development and production of battery electric vehicles (BEVs) and batteries.
Collaborative Goals
Working hand in hand with Shanghai’s local authorities, Toyota aims to contribute meaningfully to China’s environmental aspirations.
The collaboration will explore innovative sectors such as hydrogen energy, advancements in automated driving, and the crucial aspect of battery recycling and repurposing.
To meet the rising demand for new energy vehicles, the creation of this subsidiary will enable Toyota to deliver products that resonate with the preferences of Chinese consumers more swiftly.
Exciting Developments Ahead
In a particularly exciting development, Toyota intends to unveil a BEV under its prestigious Lexus brand, with production slated to kick off in 2027.
This new facility is expected to churn out about 100,000 units annually, promising around 1,000 job opportunities in its initial phase.
Strategic Partnerships
Toyota has also forged strong alliances with prominent players in the industry, including China FAW Group and Guangzhou Automobile Group.
By nurturing these partnerships, the company is committed to enhancing its position as a leading force in the automotive sector while staying true to its vision of “producing happiness for all.” Together with its collaborators, Toyota is paving the way for a greener future, enriching the driving experience for all.