Gasgoo Motor News According to Nikkei News, Japan’s No. 1 car maker, Toyota Motor Corporation, will launch a small car in the Chinese market in early 2013. This model will be built by Toyota Motor Corporation specifically for the Chinese market.
According to reports, the new model introduced by Toyota Motor Corporation in the Chinese market will be equipped with a 1.5-liter engine, and its body size will be slightly larger than Toyota's new entry-level model Etios. The price will be less than 1 million yen (approximately US$12,900).
According to Nikkei, Toyota Motor Corporation plans to use the same parts as the Etios model to reduce the cost of manufacturing new compact cars in the Chinese market. It is expected that Toyota will invest 40 billion yen to realize the local production of the model in China with an annual production capacity of approximately It is 200,000 vehicles.
It is understood that Toyota’s global strategic model, Etios, targeting emerging markets, was launched in India at the end of last year. The model currently has an annual production capacity of 80,000 vehicles in India and will be upgraded to 190,000 in 2013.
Another source reported that Toyota Motor will launch an entry-level model in the Brazilian market in mid-2012 with an initial capacity of 70,000 vehicles per year. In addition, Toyota Motor Corp. plans to start entry-level models in Indonesia.
According to reports, the new model introduced by Toyota Motor Corporation in the Chinese market will be equipped with a 1.5-liter engine, and its body size will be slightly larger than Toyota's new entry-level model Etios. The price will be less than 1 million yen (approximately US$12,900).
Etios
According to Nikkei, Toyota Motor Corporation plans to use the same parts as the Etios model to reduce the cost of manufacturing new compact cars in the Chinese market. It is expected that Toyota will invest 40 billion yen to realize the local production of the model in China with an annual production capacity of approximately It is 200,000 vehicles.
It is understood that Toyota’s global strategic model, Etios, targeting emerging markets, was launched in India at the end of last year. The model currently has an annual production capacity of 80,000 vehicles in India and will be upgraded to 190,000 in 2013.
Another source reported that Toyota Motor will launch an entry-level model in the Brazilian market in mid-2012 with an initial capacity of 70,000 vehicles per year. In addition, Toyota Motor Corp. plans to start entry-level models in Indonesia.
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