2017 H1 Sales of FAW Toyota Will Exceed 350,000 Units

SHANGHAI May 2nd, 2017 Gasgoo – FAW Toyota’s two TNGA-based concepts will be focus of 2017 Shanghai Auto, especially for small SUV, attracting more audience. It is understood that TNGA produced by Toyota is aimed to achieve sustainable development, involving development system, technical development and production, etc.

The FAW Toyota is building production line for TNGA-based small SUVs, which are launched in the mid 2018. In 2018-2019, FAW Toyota will add new model, significantly enhance the product features of existing models, such as replaced models for Corolla and RAV4, Corolla PHEV, etc.

The Q1 sales of FAW Toyota is 178,000 units, with 15% y-o-y, the Q2 sales is predicted to be 179,000 units. The total H1 sales has exceeded 350,000 units.

Facing to the future, FAW Toyota’s strategic objectiveness is to achieve 1 million units by 2020. For taking action, FAW Toyota is planned to a series of measures such as sales system, improve model layouts. By introducing TNGA concepts must speed up introduction pace for new products, promoting the perfection of FAW Toyota’s product matrix, boosting the construction of sales system for “Completion of 1 million sales volume”.

Insiders predicts that as the introduction of increasingly improved product layout and TNGA concepts, FAW Toyota will promote auto products that satisfies the consumer demands, the outstanding manufacturing technology and further extending sales networks, contributing to boosting sales.