Toyota has announced significant changes to its lineup that will affect popular cars, initially the Camry and Avalon models. As part of its strategy to optimize the lineup, the company plans to combine these two models into one.
An important step in this restructuring is the decision to move FAW Toyota's headquarters from Beijing to the Tianjin plant. This decision is dictated by the need to optimize logistics and improve production processes. Employees who do not want to move will receive compensation.
The merger of the Camry and Avalon models is part of a broader strategy to simplify Toyota's lineup. This is expected to lead to lower production costs and improved car quality. Combining these models could also help Toyota compete better with other manufacturers by offering more attractive and market-oriented products.
The company is also considering combining Corolla and Ralink. Amid these changes, Toyota also announced the construction of a new electric vehicle plant in Shanghai. This will be the first plant that Toyota will build and operate independently, without the involvement of local partners. The new plant is expected to start operations around 2027 and will focus on the production of Lexus-branded vehicles.