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Toyota to launch China-only brands from next year: executive

BEIJING (Reuters) - Toyota Motor Corp <7203.T> will launch two China-only brands through its two Chinese joint ventures starting next year, a senior executive said on Thursday.

Toyota makes cars in partnership with FAW Group and Guangzhou Automobile Group Co <601238.SS>.

Hiroji Onishi, Toyota's senior managing Officer, did not say which venture will roll out its China-only brand first.

Rivals Nissan Motor Co <7201.T>, Honda Motor Co <7267.T> are among other foreign automakers that also have China-only brands.

(Reporting by Kazunori Takada; Writing by Fang Yan; Editing by Edwina Gibbs)

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