Lexus LF-A to be sold at $264,700 in China

Shanghai. August 30 (Gasgoo.com) - Thirteen days after Lexus LS600hL went on sale in Beijing, Toyota unveiled a plan to introduce the Lexus LF-A sports car into the Chinese market in early 2008.

"We are planning to import the latest Lexus models to the Chinese market at the earliest time possible," said Zeng Lintang, vice president of Toyota Motor (China) Investment Co at a test drive activity for Lexus LS600hL recently.

"Lexus LF-A blends the performance of an exotic sports car with the luxury refinements of a Lexus, and we anticipate that the model will be sold at more than 2 million yuan ($264,700) here in China."

The Lexus LF-A made its first debut at 2005 Tokyo Motor show, and the model will finally start production early next year after passing various collision tests for the past two years.

It features an engine capable of developing more than 500 horsepower from a displacement of less than five liters. With a combination of optimum gearing, weight and aerodynamics, the LF-A could reach a peak velocity of 200 miles per hour.