GAC Plans to Buy 50% of FAW Toyota Through Share Issue
GAC plans to buy FAW’s 50% stake in FAW Toyota through shares priced at RMB 5.75 each. GAC and Toyota would each hold half after closing.
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GAC plans to buy FAW’s 50% stake in FAW Toyota through shares priced at RMB 5.75 each. GAC and Toyota would each hold half after closing.
FAW and GAC’s planned restructuring could put Toyota’s long-standing two-JV structure in China up for change.
Toyota’s global vehicle sales fell 2.8% year on year to 5.39 million units in H1 2026, marking the company’s first first-half sales decline in two years.
Toyota’s global sales fell 7.4% in May 2026 due to weaker overseas demand, particularly in China.
RoboSense has secured a major contract with FAW Toyota for over 500K digital LiDAR units, marking significant growth in China’s intelligent-driving sector and international recognition.
FAW Toyota bZ5 550 Pro recorded an overall score rate of 86.7% in the C-NCAP test.
Toyota China is restructuring relationships between its two joint ventures to cope with intensifying NEV competition pressure.
Toyota’s China sales have declined for three consecutive years since 2022.
Toyota China explained that this shift aims to improve customer services and efficiency while reducing environmental impact, and emphasized that it is currently only a trial.