Toyota has signed a deal with a Chinese car technology institute to develop technologies for environment-friendly car engines such as hybrid engines that operate on petrol and electric power, Dow Jones reported, citing the Kyodo news service.

The Dow Jones report said that, by lending its engine technology to China, Toyota apparently hopes the project will give it an edge in the rapidly growing Chinese car market.

According to Dow Jones, Kyodo, quoting sources familiar with the Toyota project, reported that the car maker concluded an agreement with the China Automobile Technology Research Institute, a Chinese government affiliate based in Tianjin – the deal was formalised on July 31.

The joint research programme involves demonstration tests and policy research on fuel-efficient technology and research of alternative energies for cars, Dow Jones said.

Specifically, Dow Jones noted, citing Kyodio, Toyota plans to ship its Prius hybrid-engine cars for road tests in China and the two parties also plan to research the role of government in promoting the use of low-pollution cars, which are gaining popularity in Japan, the US and elsewhere.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Dow Jones noted that, last September, Toyota signed a deal to provide hybrid-engine technology to Nissan Motor.

Toyota apparently hopes that establishing hybrid-engine technology in China would help cement its leading position in the hybrid-car market, Kyodo reported, according to Dow Jones.