Toyota to launch two hybrid cars in China this year

Toyota to launch two hybrid cars in China this year

Marco Bello

The gasoline-electric hybrid cars, called Levin Hev and Corolla, will be launched in China in the second half of the year, the Japanese company said on Sunday on the eve of the Shanghai autoshow.

Toyota's joint venture with Guangzhou Automobile Group will make the Levin Hev, while its joint venture with FAW Group will manufacture the Corolla.

China has been the world's largest car market since 2009, with sales rising 6.9 percent to 23.5 million vehicles in 2014, the China Association of Automobile Manufacturers said in January.

(Reporting by Sue-Lin Wong; Writing by Lee Chyen Yee; Editing by David Goodman)

TOP READS FROM THE FISCAL TIMES