What kind of enterprise is FAW Toyota?
1 Answers
FAW Toyota is a joint venture. The following are the differences between FAW Toyota and GAC Toyota: 1. Different establishment times: FAW Toyota was established in 2002; GAC Toyota was established in 2004. 2. Different positioning: FAW Toyota's models are slightly more high-end in positioning and relatively higher in price; GAC Toyota's models are more affordable and lower in price. 3. Different joint ventures: FAW Toyota is a joint venture between Japan's Toyota and China's FAW Group; GAC Toyota is a joint venture between Japan's Toyota and China's GAC Group.