Toyota wants to sell hybrid cars in China

  • Business
  • Saturday, 12 Jun 2004

BEIJING: Toyota Motor Corp, the world's biggest maker of petrol-electric vehicles, wants to sell its Prius model in China as rising oil prices make fuel-efficient vehicles more appealing. 

“We want to bring the Prius into China as soon as possible,'' Toyota senior managing director Takeshi Uchiyamada told Bloomberg at a conference. 

The Prius has been attracting more customers in the United States, Europe and Japan since the average price of regular-grade petrol surged 39% this year to US$2.051 a gallon. 

Toyota's so-called hybrid car may help it compete in China over Honda Motor Co, which also sells hybrids. 

Toyota, which makes Vios and Corolla cars in China, wants to triple its share of the world's third biggest vehicle market to 10% by 2010, from 3% now.  

Honda has about 5% market share in China. – Bloomberg  

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