According to The Paper, the Shanghai land transaction market in China shows that Lexus (Shanghai) New Energy Co., Ltd. won an industrial land in Jinshan District, Shanghai on April 1, 2025. The land covers an area of ​​about 1.1278 million square meters, with a plot ratio of 2 and a transaction price of 1.3534 billion yuan. The above land requires a project investment intensity of 8.42 million yuan per mu, which means that the fixed investment of Lexus Shanghai Factory in the land will not be less than 14.24 billion yuan.

According to previous media reports, Toyota Motor announced on February 5, 2025 that the company signed a comprehensive cooperation agreement on carbon neutrality with the Shanghai Municipal Government and decided to establish a wholly-owned company for the research and development and production of Lexus pure electric vehicles and batteries in Jinshan District.