FAW Toyota denies BYD’s imminent acquisition of its Teda Plant No. 2 in Tianjin

On January 30, according to multiple press releases, it was reported that FAW Toyota would halt production at its Teda Plant No. 2 (2nd production line) in Tianjin and resell it to BYD.
FAW Toyota officially responded that in 2023, it plans to produce 275,000 units at the Teda plant, and the 2nd production line will....

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