Toyota to launch a fully electric ix4 SUV in China this year with GAC

Toyota to launch a fully electric ix4 SUV in China this year with GAC

In an apparent attempt to catch up with its competitors in the electric vehicle (EV) arena, Japanese automaker Toyota Motor has revealed that it will be launching an electric car in China this year, a fully electric ix4 sport utility vehicle (SUV).

The electric car will be launched by Toyota Motor via its Chinese joint venture with local partner Guangzhou Automobile Group (GAC). The joint venture is called GAC Toyota Motor; and it will handle the sales of the forthcoming electric car for the Chinese market.

The fully electric ix4 SUV will not carry the Toyota brand; rather it will bear the GAC name. The vehicle is expected to be available at 5,000 dealerships, although there has, thus far, been no official information about its cost, range and sales targets.

With Toyota clearly lagging behind its rivals with reference to commercialization of electric cars, the company now has plans underway to sell its own EVs in China by 2020. The EVs will be produced by GAC and FAW Group.

Since the demand for EVs in China is growing at a faster-than-projected pace, Toyota will likely start receiving supplies of EVs as well as plug-in hybrids from the Chinese manufacturers by next year.

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