The first phase of the new energy vehicle capacity expansion project is put into production by Guangzhou Auto Toyota to increase its annual production capacity by 200000 units.

On July 25th, the first phase of Guangzhou Auto Toyota New Energy vehicle capacity expansion project was officially put into production in Nansha District, Guangzhou City, with an estimated production capacity of 200000 units per year, helping Guangzhou Automobile Toyota to further improve its capacity layout. it has become another important milestone in its journey of high-quality sustainable development.

It is reported that GAC Toyota was founded on September 1, 2004 and now has a capacity of 800000 since the first production line was put into production in 2006. The first phase of GAC-Toyota New Energy vehicle capacity expansion Project, which is officially put into production, covers an area of 404000 square meters. As a production line located in Toyota's new generation of model factories around the world, the first phase of GAC-Toyota New Energy vehicle capacity expansion Project is based on the concept of localization, flexibility and speed, and has the advantages of flexible and efficient, clean and environmental protection, high competitiveness and so on.

GAC Toyota said that policy, market two-wheel drive, actively embrace the new four modernizations, and become a sample of mainstream car companies' innovative development and transformation breakthroughs. Behind the production of the first phase of the new energy vehicle production expansion project, it is the company's initiative to change, the embodiment of positive response. At present, GAC Toyota's product line already covers fuel vehicles, HEV (hybrid vehicles), EV (electric vehicles) and PHEV (plug-in hybrid models). In the first half of 2021, GAC Toyota sold 426000 units, an increase of 32% over the same period last year, and sales reached another half-year record high. The hybrid family sold 67545 units, an increase of 94% over the same period last year. Sales accelerated and achieved remarkable results.

In addition, as of June 2021, Guangzhou Auto Toyota has produced a total of 5.803 million cars, with a total industrial output value of 834.49 billion yuan and sales revenue of 895.18 billion yuan. Guangzhou Auto Toyota has become a typical representative of Guangdong-Hong Kong-Macau Greater Bay Area's advanced manufacturing industry. With the commissioning of the new production line, GAC Toyota will develop a new engine, which will further promote the transformation and upgrading of Guangzhou manufacturing industry, comprehensively radiation Guangdong-Hong Kong-Macau Greater Bay Area, and coordinated development.