GAC to acquire 50 per cent stake in FAW Toyota

T2Covered by 1 source · first reported by electrive / Charged EVs / The Autopian / Sustainable Bus at 29 Sept, 10:00 UTC

GAC plans to enter FAW Toyota and intends to take over the existing 50 per cent stake of a FAW subsidiary. This would bring Toyota's previously separate China partnerships with FAW and GAC closer together.

businessev

Sources

• T2GAC to acquire 50 per cent stake in FAW Toyotaelectrive / Charged EVs / The Autopian / Sustainable Bus29 Sept, 10:00