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Toyota to lift capacity in Changchun up to 200,000 by 2013
Shanghai. March 7 (Gasgoo.com) – FAW-Toyota is planning to invest RMB 3.6 billion ($502.79 million) to expand capacity in Changchun, the capital city of Northeastern province of Jilin, Shanghai Securities News reported today.
The investment will be used to expand the FAW Fengyue plant and help lift Toyota’s capacity in Changchun to 200,000 units by 2013, according to the report.
The expansion project will be started in May this year and is expected to start production by the end of next year. The second phase will be finished and start production by 2013, Shanghai Securities News cited government sources as saying.
After the expansion, Toyota’s annual capacity in Changchun will be lifted to 200,000 units by 2013. Toyota vehicles based on Corolla platform, including Toyota Auris and Toyota Wish, will be produced in Changchun plant.
Currently, Toyota’s plant in Changchun has a total capacity of 10,000 vehicles, where Toyota Land Cruiser and Prius are produced.
The Changchun plant is a three-way joint venture: FAW Auto holds a 50% stake; Toyota Motor Corp 45% and Toyota Tsusho Corp 5%.
Currently Toyota has three joint ventures: Tianjin FAW Toyota, Sichuan FAW Toyota and Guangzhou Toyota. The three joint ventures operate five plants in China.
Tianjin FAW Toyota Co. operates two plants in Tianjin: Plant No.1 currently builds Corolla and Vios, a sedan variant of the previous-generation of Yaris and Plant No. 2 builds the Crown and Reiz upscale sedans. The letter is derived from the Japan-market Mark X, according to China Automotive News
In Changchun, Jilin province, Sichuan FAW Toyota has the capacity to build 10,000 Land Cruiser SUVs and Prius hybrid cars, with 500 workers.
In Chengdu city, Sichuan FAW Toyota has the capacity to build 13,000 Coaster small buses and Land Cruiser Prado SUVs, with 1,300 workers.
Guangzhou Toyota now has a capacity to produce 200,000 Camry vehicles and compact sedan Yaris will be produced in Guangzhou this year. In November, Chinese authorities have approved Guanghou Toyota's plan to build a second plant in Guangzhou. The total capacity of Guangzhou Toyota, after the completion of the second plant, will reach half a million annually.
Shanghai.
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