Toyota to develop fuel cell vehicles with FAW, GAC
Toyota Motor plans to launch hydrogen fuel-cell vehicles with its China partners Guangzhou Automobile Group and FAW Group, as the Japanese automaker tries to boost its presence in the world's biggest auto market.
The company will also expand ties on hybrid vehicles and aim to launch more battery-electric vehicles with "good quality and low prices" separately with FAW and GAC.
Toyota sold around 1.5 million vehicles in China in 2018, far below its global rivals General Motors and Volkswagen Group. However, it is laying the foundation to increase sales in China to two million vehicles per year.
The Japanese carmaker in April said it had started supplying fuel-cell parts to Chinese commercial vehicle makers Beiqi Foton Motor and Beijing SinoHytec. In July it said it would supply key hydrogen fuel-cell parts to Chinese automakers FAW and Higer Bus.
Toyota will also share resources and talent to develop "intelligent connected" vehicles with GAC and FAW.