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Lexus (Shanghai) New Energy Co., Ltd. has recently been incorporated with Kato Takeo serving as its legal representative and a substantial registered capital of ¥107.1 billion. The company's portfolio encompasses the R&D of automotive components, software development, the R&D of mechanical equipment and motor control systems, automotive sales, the distribution of complete new energy vehicles, and the wholesale of automotive parts and components. This venture is a wholly-owned subsidiary of Toyota Motor Corporation. Furthermore, Toyota Motor Corporation and the Shanghai Municipal Government have announced their intention to collaborate, aiming to jointly propel green and low-carbon development in China. Pursuant to this cooperation plan, Toyota will establish a research and production facility for LEXUS pure electric vehicles and batteries in Jinshan District, Shanghai.
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