Toyota is an automotive manufacturer based in Japan. It has ranked first in the market in hybrid technology, with Toyota Prius being the best seller hybrid car. Now the company has shifted into the fast-growing electric car production world.
The company aims at having a long range of fully electric cars in large numbers by 2020, making a solid-state battery technology. Under the new Chinese regulations taking effect next year, mass production will be possible. With the joint venture between GAC and Toyota, they will be able to penetrate the market and continue making huge annual sales.