Toyota Motor Corporation (TMC) is to start production at a new plant in China in the first half of 2012.
Site groundbreaking had initially taken place in October 2008, but plans were put on hold as the financial crisis bit.
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The facility will be the third plant of Sichuan FAW Toyota Motor Co (SFTM), a joint venture between TMC and China FAW Group Corporation (FAW).
The new plant – located in Changchun, Jilin Province – will initially produce the Corolla on a scale of 100,000 units annually.
The new investment will total approximately CNY3.8bn (US$550m).
Production by Toyota Motor Corporation soared more than 80% in March compared to depleted year-ago levels, figures out earlier this month showed.
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