FAW-GAC Deal Could End Toyota’s Two-JV Era in China
FAW and GAC’s planned restructuring could put Toyota’s long-standing two-JV structure in China up for change.
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FAW and GAC’s planned restructuring could put Toyota’s long-standing two-JV structure in China up for change.
GAC Toyota has recalled 39,552 bZ7 electric vehicles due to software defects, planning resolution primarily via over-the-air updates.
The 2026 bZ3X launched with upgrades in intelligence and comfort, priced 94,800–144,800 RMB.
GAC Toyota aims to increase NEV sales share to over 20% in 2026.
Data indicates the company achieved sequential quarter-on-quarter sales growth for three consecutive quarters.
Toyota China is restructuring relationships between its two joint ventures to cope with intensifying NEV competition pressure.
GAC Toyota’s new-generation midsize SUV is set to debut soon, while the bZ7 pure-electric sedan is expected to launch by year-end.
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.