Toyota Motor Corp. expects to sell 1.76 million light vehicles under the Toyota and Lexus brands in China this year, an increase of 8.6 percent from 2019.
Toyota’s China head, Tarsuro Ueda, didn’t provide a breakdown for sales targets for the two brands in announcing the goal at a media briefing in Beijing last week.
In 2019, the Japanese automaker delivered 1.62 million cars and light trucks in China, an increase of 9 percent from a year earlier, with Toyota brand deliveries rising 8.4 percent to 1.42 million and Lexus volume jumping 25 percent to 200,000.
Toyota will launch China sales of its first three electric vehicles in 2020, Ueda said at the event.
The EVs are battery-powered versions of the Toyota C-HR crossover and Toyota IZOA sedan, and the Lexus UX 300e crossover -- the luxury brand’s first EV product globally.
The Toyota brand markets five hybrid models -- Avalon, Camry, Corolla and Levin sedans, and the RAV4 crossover, in China. It also sells plug-in hybrid versions of the Corolla and Levin.
Lexus now only sells imported gasoline and hybrid models in the market.