Lexus announces Chinese pricing for LF-A already

In early 2008, the Lexus LF-A will go on sale on China. The price: $264,700. That's a lot of yuan, even with the expected markup for the Chinese market. Zeng Lintang, vice president of Toyota Motor (China) Investment Co, said that the car will sell "for more than 2 million yuan." By comparison, in China, a Porsche 911 GT3 RS sells for about 1.9 million yuan, and a Ferrari F430 sells for about 2.6 million yuan. ThePassionatePursuit actually compared the price ratio of a Lexus LS600hL sold in China and the U.S. and guesses the car could cost $129,703 USD when it goes on sale here. Lexus has talked about creating a car that can compete with Ferrari performance-wise. We'll soon see if it can also compete price-wise.

[Source: Gasgoo via The Passionate Pursuit]