Japanese carmaker Toyota Motor(TMC)is planning to launch a new brand to focus in new energy vehicles in China.
Toyota,together with the upcoming vehicles for its two joint ventures,FAW Toyota and Guangqi Toyota,the own brand is further expected to boost Toyota China's development in the new energy vehicles field.
The carmaker has launched the'Yundong'plan,in March,to design and produce hybrid vehicles with its JV partners in China,thus enhancing their skill in the new energy vehicle technology field.
Toyota is also planning to launch advanced battery and electric motor technology in the country,which will be supported by the new
Toyota Motor Engineering and Manufacturing(China)R&D Center in Changshu,Jiangsu.
According to Toyota,by 2015,they will produce and sell the first domestic made hybrid vehicles by its two JVs.
The carmaker has plans to produce its Prius in the US and China,and is also intending to share its hybrid technology with domestic dealers and other research organisations.
