Cumulative Vehicle Production at GAC Toyota Motor in China Hits 1 Million Mark
Thursday, August 4, 2011
Tokyo- (PanOrient News) Toyota Motor Corporation (TMC) today announced that GAC Toyota Motor Co., Ltd. (GTMC),
TMC's vehicle-production and sales company established jointly with Guangzhou Automobile Group Co., Ltd. (GAC), held a ceremony today at its plant in Guangzhou, China, to mark cumulative production of 1 million vehicles since production started in 2006.
Attendees at the ceremony included Guangdong Province and Guangzhou City government officials, representatives of GAC,
GTMC was established in 2004 as a base for Toyota-brand vehicle production and sales in China. Production began in May 2006 on Line No. 1 with the "Camry", followed by the "Yaris" in May 2008. Line No. 2 opened with production of the "Highlander" in May 2009, followed by the "Camry Hybrid" in April 2010 and the "E'Z" in June 2011.
TMC will continue to meet the needs of a broad range of vehicle users in China based on its founding philosophy of
contributing to society through manufacturing of ever-better cars, and will work to support the development of the Chinese automobile industry by creating jobs and developing human resources, a statement by the company said.
GAC Toyota Motor Co., Ltd. is located in Shinan Da Dao, Nansha District, Guangzhou, Guangdong, China. Equity participation is GAC 50%, TMC: 30.5%, Toyota Motor (China) Investment Co., Ltd., and (TMCI): 19.5%.
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