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TOKYO (Dec 23): Toyota Motor has decided to build a new factory to produce electric vehicles (EVs) in China, the Nikkei business daily reported on Monday.
The company will produce its luxury car brand Lexus at a new plant in Shanghai, the Nikkei reported citing several sources.
Toyota has worked in China via joint ventures with local manufacturers, but the Japanese automaker will build this factory and operate it independently, the report said.

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