NAGOYA, Japan -- Toyota Motor overcame multiple obstacles to finally win approval for a wholly owned Lexus electric-vehicle plant in China because the Japanese automaker saw the project as key to survival in the cutthroat Chinese market.
Electric vehicles
Toyota's Chinese Lexus EV plant to make up for lost time
While other automakers downsize in China, Japan automaker goes on the offensive
Toyota Motor plans to make Lexus electric vehicles that are exclusive to the Chinese market. © Reuters
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