Toyota will also equip GAC and their joint venture’s car models with fuel cells, according to a filing by GAC to the Shanghai stock exchange on Thursday.
Fuel-cell cars use a stack of cells that electro-chemically combine hydrogen with oxygen to generate electricity to propel the vehicle, with water being the only byproduct. Sources told Reuters last year Toyota planned to sell electric vehicles with GAC’s logo in their joint venture’s dealerships, in a move to meet China’s strict green car quotas.
Toyota sold around 1.5 million cars in China in 2018, far below its global rival General Motors and Volkswagen’s China sales. However, it is laying the foundation to increase sales in China to two million vehicles per year, Reuters reported last year.
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