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Introduction History

On August 29, 2002, FAW Group Corporation and Toyota Motor Corporation signed a significant agreement in Beijing at the Great Hall of the People, to establish a strategic and long-term cooperative relationship for joint cooperation. Thereafter, the two parties commenced a wide scope of joint activities including wide-scale production of Toyota products in China and related transfers of technology.

Cooperative and Joint Venture Projects between FAW Group and Toyota Motor Corporation

A. FAW Toyota - Tianjin

1. FAW Huali (Tianjin) Automobile Co. Ltd.

 

Location:

Tianjin (FAW Huali Automobile South Plant)

 

Product:

Dario branded Terios compact SUV

 

Production capacity:

10,000 units annually

 

Investment:

US $11.7 million

 

Equity participation:

 FAW 75% / Daihatsu 25%

 

Initial production date:

October 2003

2. Tianjin FAW Toyota Motor Co. Ltd. (TFTM) (plant 1)

 

Location:

Tianjin, Xiqing District

 

Product:

Corolla sedan, Vios sedan

 

Production capacity:

120,000 units annually

 

Investment:

US $408 million

 

Equity participation:

FAW Group 20% / Tianjin FAW Xiali Corp. Ltd. 30% / TMC 40% / Toyota Motor (China) Investment Co. Ltd. (TMCI) 10%

 

Initial production date:

October 2002 (Vios) / February 2004 (Corolla)

 

Date of establishment:

June 2000 (name changed in September 2003)

 

Contractual duration of joint venture

30 years

3. Tianjin FAW Toyota Motor Co. Ltd. (TFTM) (plant 2)

 

Location:

Tianjin Economic and Technological Development Zone

 

Product:

Crown luxury sedan, Reiz (Mark X) performance sedan

 

Production capacity:

150,000 units annually

 

Investment:

US $408 million

 

Equity Participation:

FAW Group 20% / Tianjin FAW Xiali Corp. Ltd. 30% / TMC 40% / Toyota Motor (China) Investment Co. Ltd. (TMCI) 10%

 

Initial production date:

March 2005

 

Date of establishment:

June 2000 (name changed in September 2003)

 

Contractual duration of joint venture

30 years

4. Tianjin FAW Toyota Motor Co. Ltd. (TFTM) (plant 3)

 

Location:

Tianjin Economic and Technological Development Zone

 

Product:

Corolla (new version)

 

Production capacity:

200, 000 units/year

 

Investment:

US $450 million

 

Equity participation:

FAW Group 20% / Tianjin FAW Xiali Corp. Ltd. 30% / TMC 40% / Toyota Motor (China) Investment Co. Ltd. (TMCI) 10%

 

Initial production date:

May 2007

 

Date of establishment:

June 2000 (name changed in September 2003)

 

Contractual duration of joint venture

30 years

5. Tianjin FAW Toyota Engine Co. Ltd. (TFTE) (plant 1)

 

Location:

Tianjin, Xiqing District

 

Product:

1.3/1.5-liter A, 1.8-liter ZZ, and 1.3/1.5-liter SZ gasoline engines

 

Production capacity:

220,000 units annually

 

Investment:

US $248 million

 

Equity participation:

FAW Group 50% / TMC 50%

 

Initial production date:

July 1998

 

Date of establishment:

May 1996

 

Contractual duration of joint venture

30 years

6. Tianjin FAW Toyota Engine Co. Ltd. (TFTE) (plant 2)

 

Location:

Tianjin Economic and Technological Development Zone

 

Product:

1.6/1.8-liter ZR gasoline engines (Dual VVT-i)

 

Production capacity:

220,000 units annually

 

Investment:

US $248 million

 

Equity Participation:

FAW Group 50% / TMC 50%

 

Initial production date:

April 2007

 

Date of establishment:

May 1996

 

Contractual duration of joint venture

30 years

7. Toyota FAW (Tianjin) Die Co. Ltd. (TFTD)

 

Location:

Tianjin Economic and Technological Development Zone

 

Product:

Large Automotive Stamping Dies (Type A and B)

 

Principal customers:

Tianjin FAW Toyota Automobile Co. Ltd., Toyota Motor Manufacturing (UK) Ltd., Toyota Motor Manufacturing Turkey Inc.

 

Production capacity:

150 sets annually

 

Investment:

US $12 million

 

Equity participation:

FAW 10% (US $1.2 million) / Toyota 90% (US $10.8 million)

 

Initial production date:

December 2004

B. FAW Toyota - Beijing Municipality

1. FAW Toyota Motor Sales Co. Ltd. (FTMS)

 

Locations:

Head office: Beijing
Branch offices: Tianjin, Changchun, Chengdu, Shanghai, Guangzhou

 

Investment:

US $37.5 million

 

Registered capital:

US $25 million

 

Equity participation:

FAW 36% / TMC 32% / Tianjin FAW Toyota Motor Co. Ltd. 25% / Sichuan Toyota Motor Co. Ltd. 5% / Changchun FAW Fengyue Auto Co. Ltd. 2%

 

Field of Business

  • Sales of and after-sales service of Toyota and Daihatsu (Dario) brand vehicles and parts/accessories manufactured in China
  • Marketing planning; consulting
  • Training and provision of consultation services for dealers and auto repair shops

 

 

Date of establishment:

September 2003 (with operations beginning November 2003)

 

Contractual duration of joint venture

30 years

C. FAW Toyota - Changchun

1. FAW Toyota Changchun Engine Co. Ltd. (FTCE)

 

Location:

Changchun Economic and Technology Development Zone

 

Product:

"AL" series 3.0 V6 engines (MPI)

 

Application:

Toyota Crown, Reiz (Mark X)

 

Production capacity:

130,000 units annually

 

Investment:

US $142.9 million

 

Registered capital:

US $84.5 million

 

Equity participation:

FAW 50% / Toyota 50%

 

Date of  production:

December 2004

 

Date of establishment:

March 2004

 

Contractual duration of joint venture

30 years

2. SFTM Changchun Fengyue Co. Ltd. (a division of SFTM)

 

Location:

Changchun

 

Product:

LandCruiser 100 luxury SUV (4.5 L V6 and 4.7 L V8) and Prius hybrid sedan

 

Production capacity:

10,000 units annually

 

Investment:

US $28.8 million

 

Registered capital:

US $30.2 million

 

Funding:

Self-supported

 

Date of  production:

October 2003

 

Contractual duration of joint venture

30 years

D. FAW Toyota - Sichuan

1.  Sichuan FAW Toyota Motor Co. Ltd. (SFTM)

 

Location:

Chengdu, Sichuan Province

 

Product:

LandCruiser Prado SUV, Coaster medium bus

 

Production capacity:

20,000 units annually

 

Investment:

US $67 million

 

Equity participation:

FAW 50% / Toyota 45% / Toyota Tsusho Corporation 5%

 

Date of  production:

December 2000