NAGOYA, Japan -- Toyota Motor will build a plant in Guangzhou capable of turning out 200,000 vehicles a year, Nikkei has learned, as the carmaker readies more electrified models in China amid stricter environmental regulations.
Combined with other expansion plans in the country, Toyota's annual output capacity there will increase 35% to 1.7 million vehicles by 2021, nearing the scale of its North American production. Related outlays are expected to reach 130 billion yen ($1.16 billion).
