Toyota’s joint venture with China’s biggest automaker will build a third plant in Tianjin to start production of small passenger cars in mid-2007, Toyota officials said on Wednesday.
Go deeper with GlobalData
Tianjin FAW Toyota Motor Co.’s third plant will have an annual production capacity of 200,000 cars, they said, according to Kyodo News. The joint venture was set up by Toyota and China FAW Group.
Toyota plans to boost its annual production capacity in China to more than 500,000 cars, including those made at a plant to be completed in Guangzhou in 2006.
Tianjin FAW Toyota recently started producing the Reiz luxury sedan, called the Mark X in Japan, at its second plant which was completed in February in Tianjin.
In October 2002, the joint venture began production of the Vios compact sedan and the Corolla small passenger car at its first plant in Tianjin, Kyodo News added.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
