June 18, 2008
Guangzhou Toyota to Establish Second Production Line at Guangdong Plant
Toyota Motor has announced that Guangzhou Toyota Motor, its joint venture manufacturing company with the Guangzhou Automobile Group, will establish a second production line at its plant in the Nansha District of Guangdong, China.
The new line, to manufacture the Camry, is scheduled to start production in mid-2009 and will have an annual production capacity of 120,000 vehicles, which is scheduled to increase to 200,000 in the future. An additional investment of $380 million is expected.
Once operational, the new line will increase Guangzhou Toyota's annual production capacity from 200,000 to 320,000 vehicles.