Toyota plans to invest 1.5 billion yuan to boost production capacity at a facility in northern China by 50 percent to 150,000 vehicles a year.(Photo: CCTV.com)
BEIJING, May 15 - Toyota plans to invest 1.5 billion yuan to boost production capacity at a facility in northern China by 50 percent to 150,000 vehicles a year. The expansion at the plant in Tianjin Municipality is due to be completed by the end of 2009.
The move would boost annual capacity of FAW Toyota, its venture with China's FAW Group, to 470,000 units, and Toyota's overall capacity in China to roughly 690,000 units.
Source: China Daily
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