Is Lexus a Joint Venture or Imported Car?
1 Answers
Lexus is an imported car, with all Lexus vehicles being originally imported from Japan, as there are no production lines in China. Most Lexus models are manufactured in Japan. Currently, Toyota has over 50 factories worldwide, but only five of them produce Lexus models. Below is relevant information: Joint Venture Cars: As the name suggests, these are projects jointly established by Chinese and foreign investors. The Chinese side contributes by providing land and factory usage rights, as well as capital, while foreign investors provide the brand, technology, capital, and talent. Joint venture cars are the products of such collaborations. Foreign parties provide technology, talent, and brands for domestic assembly, but the core technology is still controlled by the foreign side. Parallel Imported Cars: Parallel imported cars (parallel-import-cars), fully known as parallel trade imported cars, abbreviated as parallel trade cars, refer to vehicles purchased by traders from overseas markets and introduced into the Chinese market for sale without authorization from the brand manufacturer. Depending on the import source, they can be categorized as "U.S. specification cars," "Middle East version cars," "Canadian version cars," "European version cars," etc., to distinguish them from "China specification cars" sold through authorized channels.
