Toyota to boost EV development and technology in China

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TOKYO :Toyota will strengthen its development of electric vehicle technology in China, the automaker said on Monday, as it looks to catch up with increasingly tough domestic competition in the world's largest auto market.The move is the latest from the world's top selling carmaker that shows a sharper pivot t

TOKYO :Toyota will strengthen its development of electric vehicle technology in China, the automaker said on Monday, as it looks to catch up with increasingly tough domestic competition in the world's largest auto market.

China, once seen as an opportunity for potentially limitless growth for foreign automakers, is now regarded as a increasingly competitive market thanks to the rise of fast-moving local companies.

 

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