AutoBeta(AutoBeta.net)11/30 Report--

At the beginning of this year, FAW Toyota set an annual sales target of 730000 vehicles. Tian Qingjiu, general manager of FAW Toyota, said during the Guangzhou auto show that FAW Toyota sold a total of 591037 vehicles from January to October this year, and there is no problem in meeting the annual target.

According to FAW Toyota officials today, FAW Toyota sold 70, 000 vehicles in November, down 3.5% from a year earlier. The cumulative sales from January to November were about 670000, up 1.2% from a year earlier and meeting 92% of its annual sales target.

According to the data released by the China Automobile Association, from January to October this year, the wholesale sales of China's passenger car market was 16.489 million, down 10% from the same period last year, and the automobile market remained depressed.

The Chinese market has seen negative growth since the second half of 2018, and sales by a number of car companies have begun to decline, but thanks to the listing of Corolla based on TNGA, RAV4 Rongfang and Asian Dragon, FAW Toyota's sales have not been greatly affected even in the market downturn.

Sales figures show that the new Corolla sold 29911 vehicles in September and 38868 in October, the best in a single month this year. The new RAV4 sold 99266 vehicles from January to October, but RAV4 sales have shrunk in the last two months, selling just 5956 in September and October.

According to Tian Qingjiu, the target sales of Asian Dragons this year is 53000, and there is no problem in accomplishing the task for the whole year. In March this year, the Asian Dragon officially launched the car, which is located in the B + class medium-sized sedan, with a price of 20.88 yuan to 289800 yuan. As of October this year, Asia Dragon sold a total of 23443 vehicles, accounting for only 44% of the annual sales, making it difficult to meet the set target.

It is understood that FAW Toyota plans to account for 90% of FAW Toyota's overall sales of TNGA models by 2020, in order to meet the diversified needs of consumers.

The new energy planning of FAW Toyota includes four technical routes: BEV (pure electricity), FCEV (fuel cell), HEV (hybrid) and PHEV (plug-in hybrid). By 2025, all Toyota models sold around the world will be equipped with electric vehicles or electric model options. The Chinese market is seen by Toyota as a key battleground for its electric offensive.

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