Toyota Said to Plan Tripling China Output Over Next Decade

Toyota has been slow to expand in China compared to rivals like Volkswagen and GM. However, it is now ramping up production and planning new factories. Toyota aims to increase local production to 2 million units by early 2020, with a long-term target of 3.5 million. The company may use China as an export hub for new energy vehicles. China's auto sector opening and environmental goals, along with potential US trade barriers, are influencing Toyota's strategy. Toyota's reliance on the US market is a concern, as other automakers have made China their largest market.

What has been Toyota's approach in the Chinese market compared to its competitors?

• Toyota has been cautious and slower than its competitors.

• Toyota has focused solely on the US market.

• Toyota has ignored the Chinese market completely.

• Toyota has been the fastest to enter the market.

What is Toyota's interim production target in China by early 2020?

• 1 million vehicles

• 2 million vehicles

• 3 million vehicles

• 3.5 million vehicles

What additional role might China play in Toyota's strategy?

• A hub for spare parts manufacturing

• A hub for luxury vehicle production

• A hub for new energy vehicle exports

• A hub for traditional vehicles

What event marked a turning point for Toyota's strategy in China?

• A decline in US sales

• A partnership with Volkswagen

• A new trade agreement with the US

• A meeting between Chinese Premier Li and Akio Toyota

How has the Trump administration's trade policy influenced Toyota's market focus?

• It encouraged Toyota to focus more on the US market.

• It led Toyota to exit the Chinese market.

• It had no impact on Toyota's strategy.

• It prompted Toyota to reduce dependence on the US market.