Toyota to add Camry hybrid in China in 2010
1 July 2008
Toyota will begin building and selling a hybrid version of its Camry sedan in China in 2010, Reuters reported, citing Japanese newspaper Nihon Keizai Shimbun. Japan's largest carmaker plans to manufacture 10,000 cars annually in Guangdong province as part of its joint venture with Guangzhou Automobile Group. The company is currently assembling a small number of its hybrid-only Prius model in China. Of the 430,000 hybrid vehicles Toyota built last year, only 320 were produced in China. The US$539 million car-making plan in Guangzhou, launched in 2004, currently assembles Toyota's Camry model.