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Toyota to launch plug-in hybrid in China

BEIJING (MarketWatch) — Toyota Motor Corp. /quotes/comstock/13*!tm/quotes/nls/tm (TM 76.87, -0.12, -0.16%) said Friday it aims to start the trial launch of its plug-in hybrid vehicles in China.

Takeshi Uchiyamada, an executive vice president with the Japanese auto maker, said at a press conference at Auto China 2010 in Beijing that the company wants to begin the trial as soon as possible.

The Japanese car maker sold 709,000 vehicles in 2009 in China, up 21%. For 2010, it is targeting a 13% growth in sales to 800,000 vehicles despite its recent recalls. Sales in the first two months of this year grew 43% on year to 117,000 vehicles.

In January, the auto maker issued a recall notice for 75,552 RAV4 sport-utility vehicles in China due to faulty gas pedals.


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