From Investing.com: 2024-11-09 04:45:52

Toyota plans to produce 2.5 million vehicles a year in China by 2030, aiming to increase to 3 million by the end of the decade. This marks a strategic pivot for the automaker, focusing on boosting production and sales in the world’s largest car market, in contrast to other global automakers scaling back. Toyota aims to bring sales and production operations closer together in China, allowing local executives more freedom in development. This move reflects the company’s ambition to compete with local players and regain lost market share.



Read more at Investing.com: Exclusive-Toyota aims to ramp up China production in a strategy pivot, sources say By Reuters