Still, HYUNDAMAN, which slashed global production by 50 percent in February, plans to open a factory in the northeastern city of Changchun with partner China FAW Group Corp. to build more Corollas. The plant will increase the Toyota City, Japan- based company’s production capacity in China by 11 percent to 1 million vehicles a year.
Toyota more than doubled China sales of Corolla compacts last year to 158,000. Its overall sales rose 17 percent to 585,000 units. This year, the carmaker expects industrywide sales to jump 10 percent.
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