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5.9

Toyota to initiate Lexus EV production in China using gigacasting technology

Toyota will begin manufacturing its first electric SUV in Shanghai by autumn 2027, utilizing gigacasting to streamline production and improve cost efficiency. The move marks a strategic pivot to compete in the Chinese EV market, with production scaling from 1,000 units monthly to tens of thousands annually by 2028.

Valor Econômico1 day agoCN, JPCredibility 45%View source

Score Breakdown

Mosaic Score5.9
Confidence0.9
Significance0.5
Source credibility0.5

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Shanghai

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