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GAC Toyota plans to invest 11.3 bn yuan in eco-cars

GAC Toyota, the joint venture between Japanese vehicle maker Toyota Motor and Guangzhou Automobile, will invest 11.3 billion yuan (US$1.6 billion) to expand its production capacity of eco-cars, GAC announced in a stock exchange filing. Its annual eco-car production capacity will increase by 400,000 units after the expansion is completed in 2022, it said. According […]

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