Toyota(US:TM) Zhong Guo Jing Ying Bao·2025-10-30 03:33Core Insights - Lexus (Shanghai) New Energy Co., Ltd. has announced a large-scale recruitment drive, offering nearly 100 job positions primarily in vehicle manufacturing and R&D, including roles such as intelligent connected product engineers and battery-related positions [1] - Concurrently, the Lexus (Jinshan) office has officially opened, with approximately 80 employees starting work, focusing on R&D, production, and sales functions. The workforce is expected to grow to around 280 by April next year [1] - The Lexus New Energy project is a key part of Toyota's electrification strategy, with the establishment of a wholly-owned subsidiary for electric vehicle and battery R&D and production in Jinshan, Shanghai, initiated in April this year [1] Investment and Project Details - The Lexus New Energy project represents the largest single investment project in Jinshan since its establishment, with a total investment of 14.6 billion yuan, covering an area of 1.123 million square meters, which is 260,000 square meters larger than Tesla's Shanghai Gigafactory Phase 1 [1] - The project is planned to have an annual production capacity of 500,000 new energy vehicles, with construction expected to be completed by August 2026 and production to commence in 2027 [1]