GAC has signed an agreement to buy FAW Group's 50% share in FAW Toyota, with Toyota Motor Group retaining the other half. Under the agreement, GAC will issue shares to FAW Group at 5.75 yuan per share, without additional cash payments. FAW Toyota's unaudited net profit for 2024 was 4.71 billion yuan, with total assets of 43.06 billion yuan as of June 2026. The acquisition is subject to approvals from the Shanghai Stock Exchange and China Securities Regulatory Commission. Toyota aims to streamline its Chinese operations and boost efficiency amid growing competition from local automakers.
Why it matters for your car
This acquisition could reshape China's automotive market and influence Toyota's strategic position in the country.
For plug-in hybrids, AutoScan for Windows can read standard engine and emissions fault codes through a compatible ELM327 adapter; charging-system and high-voltage faults require vehicle-specific equipment.
Source: Just Auto – read the full story.
