Toyota’s plans to grow sales in China will be boosted further with the opening of a third plant from mid-2007 at its FAW-Toyota joint venture in Tianjin.
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This year Toyota is aiming to sell 280,000 units in China – a jump of over 50% on 2005.
The company has three vehicle manufacturing ventures in China, located in Guangzhou, Changchun and Tianjin. Production of the Camry commenced earlier this year in Guangzhou and the Yaris small car is reportedly under consideration for a new plant there.
Output is now growing strongly at Tianjin where Toyota already has two plants, with a third to be on stream by the middle of next year, according to FAW-Toyota officials speaking earlier today.
Production by FAW-Toyota in 2006 is set to reach 210,000 units in 2006 with output split almost evenly between the two plants.
Each of the plants makes two models on a single line; plant number one makes the Corolla and Vios while plant number two makes the Crown and Reiz.
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By GlobalDataIndustry sources say that Toyota is planning to make the RAV4 and the Auris (next generation Corolla) at the third Tianjin plant.
Dave Leggett
