Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Motoring

    Toyota charts ambitious year in China

    By Li Fusheng | China Daily | Updated: 2020-02-03 11:09
    Share
    Share - WeChat
    Toyota displays its models and latest technologies at an auto industry forum in Tianjin last year. [Photo by Li Fusheng/China Daily]

    Japanese automaker hopes to build off record numbers in 2019, despite downturn in market

    Toyota Motor Corporation expects its China sales to grow further in 2020 after hitting a record high last year. The company's projections come despite the overall downward pressure in the world's largest vehicle market.

    The largest carmaker in Japan delivered 1.62 million vehicles in China in 2019, up 9 percent year-on-year. The sales have made China Toyota's second-largest market after the United States.

    China's total vehicle sales fell 8.2 percent year-on-year last year to 25.77 million, according to the China Association of Automobile Manufacturers. The organization expects overall vehicle sales to fall by around 2 percent in 2020.

    Yet Toyota has set a sales goal of 1.76 million in 2020, up 8.6 percent year-on-year. The company plans to improve its annual production capacity in China to 2 million units by 2020.

    Tatsuro Ueda, CEO of Toyota China, said the carmaker had been "sowing seeds" in China last year. He hopes those seeds will begin sprouting in 2020.

    Among other measures, the company decided late last year to separate its Chinese businesses from those in the Asia region, which will facilitate decision-making in the fast-changing market.

    "China Region and Asia Region have been split in view of the importance of the China market and the Asia markets, respectively," the carmaker said in a statement in December.

    Also in late 2019, Toyota appointed more Chinese executives, including Dong Changzheng and Li Hui, to be responsible for business operations in China.

    It also transferred senior research and development professionals to the country to speed up its electrification and fuel cell vehicle campaigns.

    Toyota is billing 2020 as the start of its electrification campaign in China, with three electric vehicles to be introduced into the Chinese market: Toyota C-HR and IZOA as well as Lexus UX.

    The vehicles will be late-comers as local Chinese carmakers and some international brands have already introduced similar models, but Toyota claims theirs have better performance. For example, the Toyota vehicles' batteries retain 80 percent of their original capacities after 10 years of use, which is best in the industry.

    Dong, senior executive vice-president of Toyota China, said: "I don't think Toyota lags behind in electrification. It just wants to offer something different."

    Toyota plans to launch 10 pure electric vehicles by 2025 in China and gradually launch them globally. It expects sales of electrified vehicles, including pure electric ones, to reach 5.5 million by that year, and China will be the most important market.

    In July, Toyota announced new partnerships with China power battery producers CATL and BYD to focus on battery research and development.

    In November, the company announced its plan to set up a 50-50 joint venture in China with BYD to design and develop electric cars.

    The models will include sedans and SUVs and will be sold under the Toyota brand before 2025.

    1 2 Next   >>|
    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    97无码免费人妻超级碰碰夜夜| 合区精品中文字幕| 13小箩利洗澡无码视频网站免费| 少妇无码?V无码专区在线观看| 成年无码av片完整版 | 一本加勒比HEZYO无码人妻| 亚洲欧美中文字幕高清在线| 国产精品无码AV一区二区三区| 亚洲一区二区三区AV无码 | 久热中文字幕无码视频| 国产成人无码综合亚洲日韩| 在人线AV无码免费高潮喷水| 最近中文字幕完整免费视频ww| 中文无码vs无码人妻 | 人妻丰满AV无码久久不卡| 熟妇人妻系列aⅴ无码专区友真希| 日韩中文字幕免费视频| 亚洲精品无码日韩国产不卡?V | 精品无码人妻一区二区免费蜜桃| 免费看成人AA片无码视频吃奶| 中文字幕精品一区影音先锋| 亚洲欧美日韩、中文字幕不卡| 无码AV动漫精品一区二区免费| 潮喷无码正在播放| 久久精品国产亚洲AV无码娇色| 无码人妻精品一区二区三区夜夜嗨| 中文字幕乱妇无码AV在线| 国产成人无码区免费内射一片色欲| 日本高清免费中文在线看| 最近中文字幕在线| 亚洲欧美日韩在线不卡中文| 色婷婷综合久久久久中文字幕 | 亚洲精品午夜无码专区| 中文无码伦av中文字幕| 亚洲日韩乱码中文无码蜜桃臀网站| 亚洲视频无码高清在线| 日韩AV片无码一区二区三区不卡| 久久亚洲AV成人无码软件| 亚洲精品无码午夜福利中文字幕 | 中文字幕日韩三级片| 日本无码色情三级播放|