17:37 - 5.02.2025

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February 5, Fineko/abc.az. Japanese automaker Toyota Motor decided to build its own factory in China.

ABC.AZ reports, referring to newspaper Yicai, that Toyota became the first Japanese automaker and the second company after American electric car manufacturing giant Tesla with its own factory in China. The Japanese company has reached an agreement with the Shanghai municipal authorities to establish a new company in Jinshan district that will research, develop and manufacture electric vehicles and batteries for Lexus brand.