· Toyota will invest $1.09 billion in Canada to build the largest hybrid car base in North America

According to Agence France-Presse news on May 5, Toyota announced on the 4th that it will invest a total of 1.4 billion Canadian dollars (1.09 billion US dollars, about 6.926 billion yuan) in two factories in central Canada to build its largest hybrid car in North America. Production center.

In a statement, Canadian Prime Minister Justin Trudeau said that Canada supports Toyota's investment in the Cambridge and Woodstock plants in Ontario and will sponsor 110 million Canadian dollars (about 544 million yuan).

The Canadian government and Toyota said in a joint statement that after the investment, Canada will become the North American hub of Toyota RAV4 and become Toyota's largest hybrid car production base in North America. Prime Minister Trudeau visited the Cambridge plant early this year and praised Toyota for making a wise decision to make Canada a future car production base. He said that Canada welcomes Toyota to invest in its skilled employees and expand Toyota's footprint in Canada.