Loading
Search
▼ Toyota to Sell EVs in China From ’20
- Category:Event
TOKYO (Bloomberg) — Toyota Motor Corp. will introduce electric vehicles in China from 2020 and is considering selling battery-powered autos developed by its local partners under the Japanese marque as Beijing prepares to tighten environmental regulations.
“To respond comprehensively to the expanding demand for EVs in China, we are considering having our joint-venture partners provide us with EVs,” Hiroji Onishi, Toyota’s head of China operations, said at a briefing at the Guangzhou auto show on Friday. “We will also continue to develop every aspect of what China defines as new-energy vehicles, including plug-in hybrids and fuel-cell vehicles.”
Selling electric vehicles in China will mark the return of Toyota into the battery-powered vehicles market after halting production of the RAV4 EV in 2014. Toyota President Akio Toyoda said in September the company is a “little bit late” in the EV segment, even as rival automakers rush into the segment before China’s cap-and-trade policy linked to zero- and low-emission vehicles kick in from 2019.
To qualify for points under the proposal, vehicles need to be made locally. A Toyota spokeswoman declined to comment on where the EV and its parts will be produced.
Japan’s biggest automaker said it will expand a feasibility study for selling its fuel-cell-powered Mirai sedan in China to include commercial vehicles like buses. The company will also introduce a pair of compact crossovers, the C-HR and IZOA, from the middle of next year, a key segment of the world’s biggest auto market where Toyota currently offers no models.
China rush
Daimler AG said at the Guangzhou motor show Friday that it will produce its first electric car in China in 2019. Volkswagen AG said Thursday at the event it will invest more than €10 billion ($12 billion) with its partners to develop a range of new-energy vehicles in the country.
“To respond comprehensively to the expanding demand for EVs in China, we are considering having our joint-venture partners provide us with EVs,” Hiroji Onishi, Toyota’s head of China operations, said at a briefing at the Guangzhou auto show on Friday. “We will also continue to develop every aspect of what China defines as new-energy vehicles, including plug-in hybrids and fuel-cell vehicles.”
Selling electric vehicles in China will mark the return of Toyota into the battery-powered vehicles market after halting production of the RAV4 EV in 2014. Toyota President Akio Toyoda said in September the company is a “little bit late” in the EV segment, even as rival automakers rush into the segment before China’s cap-and-trade policy linked to zero- and low-emission vehicles kick in from 2019.
To qualify for points under the proposal, vehicles need to be made locally. A Toyota spokeswoman declined to comment on where the EV and its parts will be produced.
Japan’s biggest automaker said it will expand a feasibility study for selling its fuel-cell-powered Mirai sedan in China to include commercial vehicles like buses. The company will also introduce a pair of compact crossovers, the C-HR and IZOA, from the middle of next year, a key segment of the world’s biggest auto market where Toyota currently offers no models.
China rush
Daimler AG said at the Guangzhou motor show Friday that it will produce its first electric car in China in 2019. Volkswagen AG said Thursday at the event it will invest more than €10 billion ($12 billion) with its partners to develop a range of new-energy vehicles in the country.
- November 18, 2017
- Comment (0)
- Trackback(0)