Toyota Motor will produce engines in Guangzhou, China Time:2004-3-1 8:09:22 Source: Xinhua News Agency According to Japanese media reports, Toyota Motor Corporation of Japan announced on February 25 that it has formed a partnership with China’s Guangzhou Automobile Group. A joint venture company that produces automotive engines. According to reports, the capital of the joint venture company is RMB 1.1 billion, Toyota Motor holds a 70% interest, and Guangdong Automobile holds the remaining equity. Toyota Motor Corp said that the joint venture plans to produce 25,000 2.4-liter engines in 2005 for export to Japan and will have 300,000 units of capacity in the future. The report said that the project's total investment is 2.2 billion yuan.
Toyota Motor will produce engines in Guangzhou, China
Toyota Motor will produce engines in Guangzhou, China Time:2004-3-1 8:09:22 Source: Xinhua News Agency According to Japanese media reports, Toyota Motor Corporation of Japan announced on February 25 that it has formed a partnership with China’s Guangzhou Automobile Group. A joint venture company that produces automotive engines. According to reports, the capital of the joint venture company is RMB 1.1 billion, Toyota Motor holds a 70% interest, and Guangdong Automobile holds the remaining equity. Toyota Motor Corp said that the joint venture plans to produce 25,000 2.4-liter engines in 2005 for export to Japan and will have 300,000 units of capacity in the future. The report said that the project's total investment is 2.2 billion yuan.