China's GAC says Toyota and Honda ventures plan to sell 1 million cars a year by 2025
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BEIJING (Reuters) - GAC's joint ventures with Toyota Motor Corp and Honda Motor Co Ltd are aiming for a big boost in annual China sales to a million vehicles each by 2025, a recording of a GAC earnings call reviewed by Reuters showed.For its venture with Toyota, that would represent a jump of 47% from 2019 levels while for the venture with Honda that would be a 30% surge. Vehicles made by the JVs are mostly sold under the Japanese brands.The state-owned automaker will also aim to sell 1..