Toyota Said Ready to Share Hybrid Auto Tech With China

Toyota aims to expand its presence in China's auto market by leveraging its hybrid technology. The company faces challenges due to the dominance of electric vehicles and tightening fuel economy regulations. Toyota seeks to increase its hybrid sales and become a standard in the hybrid market. Government support from Beijing and strategic partnerships with Chinese carmakers are crucial for Toyota's success. Recent discussions with Chinese officials indicate a potential shift towards hybrid technology, with Toyota willing to share its expertise to foster collaboration.

What has been the response of Chinese officials towards Toyota's hybrid technology?

What is the significance of hybrid technology sharing for Toyota and Chinese carmakers?