Toyota wants to raise manufacturing capacity at its Valenciennes facility in northern France to 300,000 vehicles per year to fulfil rising European demand for hybrid vehicles, according to the head of Toyota's French branch on Thursday.

The facility, which manufactures Toyota's popular city vehicle Yaris and its SUV counterpart Yaris Cross, produced 255,584 cars last year, making it France's largest car-manufacturing operation. This year, it intends to set a new high of 280,000 vehicles produced.

"If there is demand, we can accomplish 290,000, possibly 300,000 today," Jim Crosbie told reporters at the site.

Toyota Motor Company is a Japanese multinational automaker based in Toyota City, Aichi, Japan. Kiichiro Toyoda started it and incorporated it on August 28, 1937. Toyota is one of the world's major automakers, producing over 10 million automobiles every year.