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FAW Toyota enters China’s electric car market with new bZ3 sedan

BusinessAutomotiveFAW Toyota enters China's electric car market with new bZ3 sedan

FAW Toyota, a joint venture between China’s FAW Group and Japan’s Toyota, launched its mid-sized electric sedan bZ3 on Sunday. The model is the second electric vehicle based on Toyota’s e-TNGA platform, which is dedicated to electric vehicles. The bZ3 is available in three variants and measures 4,725 mm in length, 1,835 mm in width and 1,475 mm in height, with a wheelbase extending for 2,880 mm. It sports BYD’s blade-shaped batteries and has two range options on one charge: 517 km and 616 km.

According to FAW Toyota, the vehicle can charge from 30 percent to 80 percent in less than 30 minutes, which will be a significant advantage for potential buyers. The bZ3’s launch came within six months of Toyota’s first electric model, the bZ4X, which arrived in China, the world’s largest NEV (new energy vehicle) market. The increasing number of electric models is expected to help the joint venture sharpen its competitive edge in China’s fierce NEV market. In the first quarter of 2023, sales of NEVs in China surged 26.2 percent year-on-year to 1.69 million units, accounting for 26.1 percent of total vehicle sales in the same period, according to the China Association of Automobile Manufacturers. The bZ3 is expected to help FAW Toyota capture the rising demand for electric vehicles in the country.

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