The FAW-Toyota joint venture has officially confirmed that a ‘Ranz’ concept car will debut on the Shanghai Auto Show in April. Ranz is a new sub-brand that will focus on electric cars. The first real Ranz, to be based on the FAW-Toyota Corolla EX, will be launched on the Chinese car market in 2014. The Chinese name for Ranz is Lang Shi, which means ‘Bright Life’.