Toyota is considering building a new factory in Tianjin to raise capacity there, according to a Japanese news agency report.
Kyodo News reported that the under consideration plant could be expected to raise Toyota’s annual production capacity in China above 1m vehicles.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
However, the construction of a new plant is subject to permission from the Chinese government.
The Japanese automaker already operates four factories in Tianjin, Changchun, Chengdu and Guangzhou, and has a total capacity of 920,000 vehicles a year.
Some analysts believe that the new plant could be a part of Toyota’s plan to introduce a new brand to focus on new energy vehicles in China.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
