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. |
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Location: |
Tianjin (FAW Huali Automobile South Plant) |
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Product: |
Dario branded Terios compact SUV |
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Production capacity: |
10,000 units annually |
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Investment: |
US $11.7 million |
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Equity participation: |
FAW 75% / Daihatsu 25% |
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Initial production date: |
October 2003 |
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2. Tianjin FAW Toyota Motor Co. Ltd. (TFTM) (plant 1) |
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Location: |
Tianjin, Xiqing District |
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Product: |
Corolla sedan, Vios sedan |
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Production capacity: |
120,000 units annually |
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Investment: |
US $408 million |
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Equity participation: |
FAW Group 20% / Tianjin FAW Xiali Corp. Ltd. 30% / TMC 40% / Toyota Motor (China) Investment Co. Ltd. (TMCI) 10% |
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Initial production date: |
October 2002 (Vios) / February 2004 (Corolla) |
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Date of establishment: |
June 2000 (name changed in September 2003) |
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Contractual duration of joint venture |
30 years |
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3. Tianjin FAW Toyota Motor Co. Ltd. (TFTM) (plant 2) |
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Location: |
Tianjin Economic and Technological Development Zone |
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Product: |
Crown luxury sedan, Reiz (Mark X) performance sedan |
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Production capacity: |
150,000 units annually |
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Investment: |
US $408 million |
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Equity Participation: |
FAW Group 20% / Tianjin FAW Xiali Corp. Ltd. 30% / TMC 40% / Toyota Motor (China) Investment Co. Ltd. (TMCI) 10% |
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Initial production date: |
March 2005 |
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Date of establishment: |
June 2000 (name changed in September 2003) |
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Contractual duration of joint venture |
30 years |
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4. Tianjin FAW Toyota Motor Co. Ltd. (TFTM) (plant 3) |
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Location: |
Tianjin Economic and Technological Development Zone |
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Product: |
Corolla (new version) |
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Production capacity: |
200, 000 units/year |
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Investment: |
US $450 million |
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Equity participation: |
FAW Group 20% / Tianjin FAW Xiali Corp. Ltd. 30% / TMC 40% / Toyota Motor (China) Investment Co. Ltd. (TMCI) 10% |
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Initial production date: |
May 2007 |
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Date of establishment: |
June 2000 (name changed in September 2003) |
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Contractual duration of joint venture |
30 years |
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5. Tianjin FAW Toyota Engine Co. Ltd. (TFTE) (plant 1) |
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Location: |
Tianjin, Xiqing District |
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Product: |
1.3/1.5-liter A, 1.8-liter ZZ, and 1.3/1.5-liter SZ gasoline engines |
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Production capacity: |
220,000 units annually |
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Investment: |
US $248 million |
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Equity participation: |
FAW Group 50% / TMC 50% |
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Initial production date: |
July 1998 |
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Date of establishment: |
May 1996 |
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Contractual duration of joint venture |
30 years |
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6. Tianjin FAW Toyota Engine Co. Ltd. (TFTE) (plant 2) |
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Location: |
Tianjin Economic and Technological Development Zone |
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Product: |
1.6/1.8-liter ZR gasoline engines (Dual VVT-i) |
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Production capacity: |
220,000 units annually |
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Investment: |
US $248 million |
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Equity Participation: |
FAW Group 50% / TMC 50% |
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Initial production date: |
April 2007 |
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Date of establishment: |
May 1996 |
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Contractual duration of joint venture |
30 years |
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7. Toyota FAW (Tianjin) Die Co. Ltd. (TFTD) |
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Location: |
Tianjin Economic and Technological Development Zone |
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Product: |
Large Automotive Stamping Dies (Type A and B) |
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Principal customers: |
Tianjin FAW Toyota Automobile Co. Ltd., Toyota Motor Manufacturing (UK) Ltd., Toyota Motor Manufacturing Turkey Inc. |
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Production capacity: |
150 sets annually |
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Investment: |
US $12 million |
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Equity participation: |
FAW 10% (US $1.2 million) / Toyota 90% (US $10.8 million) |
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Initial production date: |
December 2004 |
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B. FAW Toyota - Beijing Municipality |
1. FAW Toyota Motor Sales Co. Ltd. (FTMS) |
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Locations: |
Head office: Beijing
Branch offices: Tianjin, Changchun, Chengdu, Shanghai, Guangzhou |
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Investment: |
US $37.5 million |
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Registered capital: |
US $25 million |
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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% |
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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
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Date of establishment: |
September 2003 (with operations beginning November 2003) |
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Contractual duration of joint venture |
30 years |
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C. FAW Toyota - Changchun |
1. FAW Toyota Changchun Engine Co. Ltd. (FTCE) |
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Location: |
Changchun Economic and Technology Development Zone |
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Product: |
"AL" series 3.0 V6 engines (MPI) |
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Application: |
Toyota Crown, Reiz (Mark X) |
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Production capacity: |
130,000 units annually |
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Investment: |
US $142.9 million |
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Registered capital: |
US $84.5 million |
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Equity participation: |
FAW 50% / Toyota 50% |
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Date of production: |
December 2004 |
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Date of establishment: |
March 2004 |
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Contractual duration of joint venture |
30 years |
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2. SFTM Changchun Fengyue Co. Ltd. (a division of SFTM) |
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Location: |
Changchun |
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Product: |
LandCruiser 100 luxury SUV (4.5 L V6 and 4.7 L V8) and Prius hybrid sedan |
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Production capacity: |
10,000 units annually |
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Investment: |
US $28.8 million |
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Registered capital: |
US $30.2 million |
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Funding: |
Self-supported |
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Date of production: |
October 2003 |
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Contractual duration of joint venture |
30 years |
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D. FAW Toyota - Sichuan |
1. Sichuan FAW Toyota Motor Co. Ltd. (SFTM) |
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Location: |
Chengdu, Sichuan Province |
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Product: |
LandCruiser Prado SUV, Coaster medium bus |
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Production capacity: |
20,000 units annually |
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Investment: |
US $67 million |
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Equity participation: |
FAW 50% / Toyota 45% / Toyota Tsusho Corporation 5% |
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Date of production: |
December 2000 |
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