| Toyota to boost China vehicle sales 50% |
SHANGHAI, July 13 -- TOYOTA Motor Corp expects to sell about 50 percent more vehicles in China in 2007 than a year earlier, helped by surging demand for its Camry sedans, Bloomberg said today.
The automaker, the world's biggest carmaker by market value, aims to sell more than 450,000 vehicles in China this year, it said in a statement handed to journalists at an auto show in Changchun city, northeastern China today. The Toyota City, Japan-based automaker sold 308,000 vehicles in the country last year.
Toyota's first-half vehicle sales in China rose 77 percent to 212,000, led by demand for Camrys, the country's fourth bestselling car in the period. Work began on Toyota's seventh plant in China last month, as the company aims for a 10 percent share of the world's second-largest auto market by 2010.
Toyota added an upgraded Corolla compact car and a Lexus hybrid car in China in the first half. It aims to add at least one more model this year, the company said earlier this month.
The automaker's first-half share of China's passenger car market was about 6.9 percent, according to Bloomberg calculations based on data from the China Association of Automobile Manufacturers.
|
|
