Toyota announces launch of new plug-in hybrid vehicles

Dong Changzheng, executive vice president of Toyota Motor (China) Investment Co., announced that Toyota will launch its plug-in hybrid vehicles in China before the end of 2012. The company said it is bent on increasing sales of eco-friendly vehicles such as hybrids, plug-in hybrids and electric vehicles by 20%. In spite of the poor showing of the company’s new Prius hybrid model which was launched in China last February, Dong said he is confident that consumers will like the company’s new hybrid vehicles. (April 24, 2012)