The site, situated in the Jinshan District of Shanghai, will also feature a battery development and manufacturing center.
The facility is anticipated to start manufacturing vehicles in 2027. Its starting capacity will be 100,000 vehicles annually.
According to reports, representatives from Toyota and Shanghai officials finalized a strategic partnership agreement during the Shanghai Auto Show 2025, an international automotive trade fair held in late April. The Japanese car manufacturer subsequently announced its intention to invest 14.6 billion yuan (more than $2 billion) in the development of the facility in Shanghai.
source: english.news.cn
