BANGKOK -- Toyota Motor is expanding procurement of Chinese parts in Thailand, home to its largest Southeast Asian production hub, seeking less costly components to improve the competitiveness of a new electrified model scheduled for 2028.
Automobiles
Toyota expands procurement of Chinese parts in Thailand
Japanese automaker plans budget electrified model in 2028 as China rivals make inroads
Toyota Motor looks to use more Chinese components in Thailand, the home of its biggest production hub in Southeast Asia. (Photo by Yuki Kohara)
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