Toyota eyes mass electric vehicles output in China as early as 2019: report
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[TOKYO] Toyota Motor Corp is likely to begin mass production of electric vehicles (EVs) in China as early as 2019, the Asahi daily reported on Saturday.
The model will be based on the C-HR sport utility vehicle and manufactured for Chinese market only, the report said without citing sources.
The pace of production is to be decided after taking into account the regulations and the subsidies, the report said, adding that annual output could start with more than several thousand units.
Toyota spokesman Ryo Sakai said: "We are going to introduce EVs in China with a few years. However, we don't talk about any future product plans."
Keen to combat air pollution, China is planning to set goals for electric and plug-in hybrid cars to make up at least a fifth of Chinese auto sales by 2025, with a staggered system of quotas beginning in 2018.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore