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Toyota consolidates China R&D to accelerate EV product output
SEAPORT SUPPLY CHAIN LTD Published On£º2023-08-07 17:15:32

JAPAN Toyota Motor will consolidate a portion of its electrified-vehicle research and development in China, aiming to accelerate product releases in a fast-changing market, reports Tokyo's Nikkei Asia.

Toyota is renaming its largest Chinese R&D facility - the wholly owned Toyota Motor Engineering & Manufacturing (China) - to Intelligent ElectroMobility R&D Centre by Toyota (China).

Engineers from joint ventures with automakers BYD, China FAW Group and GAC Group will also participate in new Toyota-led development projects.

"The Chinese market is growing at an unprecedented pace," said Tatsuro Ueda, CEO of the China region. "Toyota will also work together as a group to reform how we work and think to survive in China."

The company aims to speed development of electrified vehicles, including hybrids and plug-in hybrids. It seeks to develop smart cockpits that use artificial intelligence, as well as autonomous driving and safety features that better fit conditions on the ground in China.

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