The Nikkei reports that Toyota Motor Corp. will mass-produce an electric vehicle in China starting as early as 2012 through its joint venture with China FAW Group Corp.
Tianjin FAW Toyota Motor Co. has developed an electric vehicle prototype based on Toyota’s Vios subcompact. The firm has been working toward realizing the processes needed for volume production. “Mass production could begin as soon as 2012, with sales to go nationwide,” a media relations representative said Tuesday.
The car will not be sold as a Toyota, but under a local brand of the Chinese joint venture. It will be priced lower than foreign brands, with an eye toward grabbing a leading share of the market.