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Guangzhou Toyota plans to sell 210,000 vehicles in 2008
Shanghai. December 26 (Gasgoo.com) – Guangzhou Toyota Motor Co, a joint venture between China's Guangzhou Automobile and Toyota, said yesterday that it plans to sell 210,000 vehicles in China next year, a target that may turn the joint venture one of the top ten automakers in the country.
Ge Yuanzhe, general manager of Guangzhou Toyota, unveiled the 210,000 sales target to reporters yesterday.
"Considering the current sales records, we are confident to reach a sales target of 170,000 units this year," said Feng Xingya, deputy general manager of the joint venture. With average monthly sales of 14,000 units, Camry has held its No.1 position in the upper and middle sedan segment for 12 consecutive months.
Specifically, Guangzhou Toyota expects to sell 175,000 Camry vehicles and 35,000 Yaris vehicles, a compact sedan which is to be produced in Guangzhou Toyota's second plant by mid-2008.
In November, Chinese authorities have approved Guanghou Toyota's plan to build a second plant in Guangzhou. The total capacity of Guangzhou Toyota, after the completion of the second plant, will reach half a million units annually.
Worldwide, Toyota said on Tuesday that it plans to unseat General Motors from No.1 automaker by selling 9.85 million vehicles worldwide next year, up 5 percent from this year.
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