Shanghai has taken a big step towards reclaiming the title as the country’s largest vehicle production hub following Toyota Motor’s plan to make cars in the city. The metropolis, which has been eclipsed by Shenzhen and Guangzhou since 2022 in car production,

Toyota said Wednesday it will build an EV plant in Shanghai, China. The plant will produce a new Lexus brand EV vehicle.

SHANGHAI/TOKYO -- In a strategic move to bolster its presence in the world's largest automotive market, Japanese automaker Toyota Motor Corp announced on Wednesday that it will construct a new wholly-owned electric vehicle (EV) manufacturing plant in Shanghai.