Toyota may license hybrid tech to partner FAW Group of China
NAGOYA (Kyodo) Toyota Motor Corp. is negotiating a deal to license its expertise in hybrid vehicles and to supply car parts to its Chinese partner, FAW Group Corp., company sources said Wednesday.
The carmaker plans to offer the technology necessary for making vehicles powered by gasoline and electricity as well as motors, batteries and other parts for use in the FAW Group's hybrids due to be marketed in 2013 or later, according to the sources.
The aim is to bolster Toyota's presence in the Chinese market, where the company is lagging behind competitors, including Volkswagen AG and General Motors Co.
The proposed licensing deal could become Toyota's fourth involving hybrid technology and the first with a Chinese carmaker. The company has already made such arrangements with Nissan Motor Co., Ford Motor Co. and Mazda Motor Corp.
Toyota is in similar talks with Daimler AG, the sources added.
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