Group 1 - Lexus Shanghai Jinshan factory is set to be completed by mid-2026, with 100 employees currently on-site [1] - The Lexus Shanghai office building has officially opened, with approximately 80 employees currently working there, and the number is expected to reach around 280 by April 2026 [1] - The Shanghai electric vehicle project is a key part of Toyota's electrification strategy, with plans to establish a wholly-owned company for Lexus electric vehicles and batteries, aiming for production in 2027 with an initial capacity of 100,000 units per year [1][3] Group 2 - Lexus (Shanghai) New Energy Co., Ltd. has been established, making Toyota the second foreign company to build a factory in Shanghai after Tesla [3] - The company acquired a 1,127,800 square meter industrial land in Jinshan, with a transaction price of 1.353 billion yuan [3] - Lexus is set to unveil its new 6-wheel MPV concept car at the Tokyo Motor Show on October 30, which will succeed the LS series [3][4] Group 3 - Toyota's chairman defined the future direction of the Lexus brand as "exploration" and "not imitating anyone," emphasizing the need for innovation in the automotive field [5] - Lexus achieved over 180,000 sales in the Chinese market in 2024, marking a year-on-year increase, and was the only imported luxury car brand to achieve such growth [9] - In the first half of the year, Lexus sold 85,000 units in China, reflecting a 12.2% year-on-year increase, also making it the only imported luxury brand to grow in this competitive market [9]