GAC Toyota
Toyota's JV with GAC cuts about 1,000 jobs as Japanese carmakers fall behind in China's EV sector
In June, NEV penetration rate was 58.8 percent for China's local car brands, 30.9 percent for luxury brands and just 3.7 percent for mainstream joint venture brands.
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Toyota cuts bZ4X electric SUV price in China by $4,420
This comes just four months after the bZ4X officially went on sale in China on October 10, 2022.
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GAC Toyota's NEV project with annual capacity of 200,000 units goes into operation
The first phase of GAC Toyota's new energy vehicle capacity expansion project went into operation Sunday, with an expected annual capacity of 200,000 units, the company said.
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