Toyota is going to make Prius hybrid cars in China


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Hybrid cars
Toyota is going to make Prius hybrid cars in China
09.28.04 (1:27 pm)   [edit]
Toyota Motor Corp one of the largest japan car maker is going to make eco friendly [b]Hybrid car[/b] Toyota Prius with joint venture with China FAW Group Corp by end of 2005. This would be first overseas production of hybrid engine Toyota Prius car.

It is difficult to transfer tecnology so fast so Toyota would be assembling auto parts imported from japan and giving technical aid to FAW Group Corp. Toyota is not having large presence in chimease market and with this strategy it would expand its market share of eco-friendly vehicles in China.

Toyota is planning to increase its annual sales of the Prius model by 300,000 units worldwide in 2005. The sales target is equal to about 7 times the 43,000 Prius hybrid cars sold worldwide last year.
 

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