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Toyota Inks New Strategic Alliance with 2 Chinese Auto Giants

Beijing, Oct. 9 (Jiji Press)--Toyota Motor Corp. has announced the signing of a new three-way strategic alliance with two state-owned Chinese auto giants, China FAW Corp.

  • Toyota partners with China FAW and Guangzhou Automobile in new strategic alliance
  • Guangzhou Automobile to acquire 50% stake in FAW Toyota through stock issuance
  • Alliance aims to promote electric vehicle technology and smart features

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