Toyota was rumored to be acquiring Neta Auto in China to strengthen its position in the electric vehicle segment in the Bamboo Curtain country.
But the news is just a rumor and currently the Japanese giant has firmly denied the acquisition for the Neta brand in China, as quoted from the Carnewschina page, Thursday, May 15.
"We've never heard of this and asked for help clarifying these rumors," said Toyota's head of communications in China Xu Yiming.
Not only from Toyota, the brand, which is also present in Indonesia (Neta), also confirmed that the acquisition rumors were not true, based on the company's statement after confirmation.
Thus, the Toyota rumors will acquire Neta Auto incorrectly and there will be no acquisition of the Japanese brand, let alone to strengthen its position in the electric vehicle segment in China.
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Toyota Electric Vehicles In China
Toyota in China is not something new, the Japanese brand has been around for a long time and in the development of electric vehicles has also collaborated or created a joint venture with GAC. Currently, Toyota already has an electric car made from the joint venture called bZ3X.
Toyota itself has removed the electric car sheath since last year, where bZ3X comes in three types ranging from 430 Air, 530 Pro+ and there is also 630 Max.
The electric car is powered by an electric motor produced by Guangzhou Nidec Auto Drive System Co., Ltd. with a maximum power of 150 kW. The power is stored in a lithium iron phosphate (LFP) battery with a capacity of 50.03 kWh, which provides a range of 430 km (CLTC). Two other distance options are likely to be 520 km and 620 km, depending on the type. This car can be charged quickly from 30 percent to 80 percent in 24 minutes.
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