Nelson Ching | Bloomberg | Getty ImagesIt aims to boost production to as much as 3 million vehicles a year by the end of the decade, two of the people said.
The bigger number represents a 63% increase on the record 1.84 million vehicles it produced in China in 2022.
Last year it produced 1.75 million vehicles there.
In response to questions from Reuters, Toyota said in a statement: "With the intense competition in the Chinese market, we are constantly considering various initiatives".
It said it would continue to work on making "ever-better cars" for the Chinese market.
Persons:
Nelson Ching
Organizations:
Toyota, Bloomberg, Getty, Reuters, EV
Locations:
China, Beijing, Jiangsu