Expansion: Toyota to sell hybrid vehicles by 2015
The energy-saving vehicles would be made and sold in China through Toyota’s joint ventures.
BEIJING:
Leading automaker Toyota said on Saturday that it plans to start producing vehicles with Chinese-made hybrid systems by 2015, after it finishes building a research centre in the country. The energy-saving vehicles would be made and sold in China through Toyota’s joint ventures with Guangzhou Automobile Group and FAW Group Corporation, the Japanese firm said in a statement. The automaker usually exports its key components for hybrid vehicles from Japan. Toyota is investing $689 million in a research and development centre for “environmental technologies” in the eastern city of Changshu, near Shanghai. Part of the centre opened in April, but construction of a test track, main administration and laboratory facilities is expected to be completed in 2013.
Published in The Express Tribune, October 23rd, 2011.
Leading automaker Toyota said on Saturday that it plans to start producing vehicles with Chinese-made hybrid systems by 2015, after it finishes building a research centre in the country. The energy-saving vehicles would be made and sold in China through Toyota’s joint ventures with Guangzhou Automobile Group and FAW Group Corporation, the Japanese firm said in a statement. The automaker usually exports its key components for hybrid vehicles from Japan. Toyota is investing $689 million in a research and development centre for “environmental technologies” in the eastern city of Changshu, near Shanghai. Part of the centre opened in April, but construction of a test track, main administration and laboratory facilities is expected to be completed in 2013.
Published in The Express Tribune, October 23rd, 2011.