Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Investment

Toyota plans to make investment in China to boost eco-vehicle production

May 10, 2019


Abstract : Toyota Motor Corp. plans to make an investment of more than 2.2 billion U.S. dollars in China to boost output of eco-friendly vehicles, local media reported Thursday.

TOKYO, May 9 (Xinhua) -- Toyota Motor Corp. plans to make an investment of more than 2.2 billion U.S. dollars in China to boost output of eco-friendly vehicles, local media reported Thursday.

The Japanese automaker will cooperate with its Chinese partner Guangzhou Automobile Group Co. (GAC Group) to meet the growing demand for eco-cars.

According to GAC Group, Toyota plans to add 400,000 units to its eco-car production capacity per annum at GAC Toyota Motor Co. in Guangzhou, southern China, which is equally owned by Toyota and GAC.

GAC Toyota Motor plans to invest 1.6 billion dollars to expand production capacity in two phases for scheduled completion in 2022, Guangzhou Automobile said.

According to Toyota, the output of Toyota brand cars reached 599,000 units last year at the Guangzhou manufacturing unit.

Toyota and its Chinese partner also plan to strengthen engine production at their GAC Toyota Engine Co. in Guangdong Province.

An investment of 605 million dollars will be used to add 432,000 engines to annual output capacity which is expected to be completed in 2021 under a program set up by Toyota to enhance production quality and reduce costs with the introduction of new vehicle platform, the GAC Group said.

Scan the QR code and push it to your mobile phone

Keyword: China investment Toyota

Reading:

Interview: China's BRI offers opportunities for cultural exchanges: curator

China aims for high-quality BRI cooperation globally: envoy

Thai bank for agriculture predicts agricultural prices

China Huai'an serves global food on international food expo

China Brand Development Summit held Thu. in Shanghai, with brand value evaluation list released

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial