According to some media reports, Toyota Motor Corp may begin mass manufacturing of electric vehicles (EVs) in China as early as 2019. Although details of the plan have been unveiled by the company but it is being speculated that the model may be based on the C-HR sport utility vehicle and manufactured for Chinese market only.
China is pursuing an aggressive strategy on electric vehicles and is framing policies to augment the manufacturing and sale of electric vehicles in the country, it has set a goal of 3 million domestic EV sales by 2025.
Recently, many automakers have announced to start production of EVs in China. General Motors is to start production of a pure-electric model in China within two years, Daimler, BAICis jointly investing five billion RMB in electric vehicles in China, companies like Ford etc are also investing manufacturing of electric vehicles in China.
The automakers are also interested in Chinese market because Chinese EV sales for 2016 were up 85 percent year-on-year to just over 350,000 cars, or 46 percent of the global total. This scale of growth is significantly higher than in any other large economy.