The Nikkei reports that Toyota Motor Corp. plans to produce hybrid components in China beginning next year. The company began producing the Prius in China at the end of last year, but components—such as batteries and motor—are shipped from Japan.
Toyota aims to boost hybrid sales in China by bringing down costs through expanded local production.
The target date of 2013 was revealed to local media by Toyota Senior Managing Officer Tadashi Yamashina, who heads the automaker’s R&D facility in China, and confirmed by Toyota’s local unit. Although details have not been disclosed, Chinese media speculated that the batteries will be made locally.