Toyota to buy Chinese auto-leasing business from SK Group

Automaker's financing arm to tap market growth with $45m purchase

20210909N Toyota Shanghai

A Toyota exhibit at a Shanghai auto show: The Chinese car market is seen remaining on a growth track

KAZUHIRO NOGUCHI, Nikkei staff writer

NAGOYA -- Toyota Motor will acquire South Korean conglomerate SK Group's car leasing business in China to fuel its expansion in the world's biggest auto market.

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