Toyota begins trial production of new Hilux at South African plant

Reuters··Read original
2▲1 ▼2Impact / 5
Summary · why it matters

Toyota's South African subsidiary has started trial production of the new Hilux pickup truck at its Durban plant. Over 77 percent of a total investment plan of 10.4 billion rand has been completed, with all investments including plant upgrades scheduled for completion by June 2027. After phasing out production of the current model, the annual production target for the new Hilux is set at around 140,000 units, with exports also planned for Europe and other African regions. The new vehicle will be equipped with advanced safety and driver-assistance technologies, preparing it to compete with Chinese automakers such as Great Wall Motor and Chery, which are expanding their presence in South Africa.

Impact on assets 3

Electrification & Mobility± Mixed
Toyota Motor Corp.
7203
▲ PositiveTechnologyrelevance

Toyota begins trial production of new Hilux with advanced safety and driver-assistance technologies.

Chery Automobile Co Ltd
9973
▼ NegativeCompetitionrelevance

Toyota's new Hilux with advanced tech prepares to compete with Chery in South Africa.

Others▼
Great Wall Motor Co Ltd
601633
▼ NegativeCompetitionrelevance

Toyota's new Hilux with advanced tech prepares to compete with Great Wall Motor in South Africa.