Does Lexus have domestically produced cars?
1 Answers
Lexus does not have domestically produced models. All Lexus models are imported into the Chinese automotive market. Domestic Cars: Domestic cars refer to vehicles designed, developed, and manufactured by Chinese people, possessing independent intellectual property rights and belonging to Chinese brands. Examples of domestic car brands include Wuling, Hongqi, Changan, Great Wall, Chery, Geely, Roewe, and BYD. Joint Venture Cars: As the name suggests, joint venture cars are projects established through collaboration between Chinese and foreign investors. The Chinese side contributes by providing land, factory usage rights, and capital, while the foreign investors contribute brands, technology, capital, and talent. Joint venture cars are the products of such collaborations, where foreign parties provide technology, talent, and brands for assembly within China, but the core technology remains under foreign control.