Jul. 30, 2014
Toyota Starts CVT Production in China
Production of Hybrid Vehicle Transaxles to Begin in 2015
Changshu, China, July 30, 2014―Toyota Motor Corporation’s (TMC’s) vehicle powertrain production subsidiary in Changshu, China, Toyota Motor (Changshu) Auto Parts Co., Ltd. (TMCAP), held a ceremony here today to officially mark the start of localized production of continuously variable transmissions (CVTs), which is a first for Toyota outside Japan. Production of transaxles for hybrid vehicles―also a first for Toyota outside Japan―is scheduled to begin here in 2015.
The ceremony was attended by Chinese government officials, representatives from the Japanese Consulate in Shanghai and TMC’s Chinese joint-venture partners, and TMCAP Chairman Seiichi Sudo1.
At the ceremony Sudo said: “TMCAP is collaborating with TMEC2, our hybrid-focused R&D facility nearby, to develop and produce the environment-friendly vehicles that Chinese consumers want and the future needs.”
Established in July 2012, TMCAP began production of CVTs for compact cars on July 14. TMCAP-produced CVTs are already being used in new “Corolla” and “Levin” models launched in China this summer, and are also planned for use in other compact vehicles in the future.
TMCAP is working to address anticipated demand for hybrid vehicles in China, with preparations underway to also locally produce hybrid system batteries and inverters. China-made hybrid components will be used in China-market Corollas and Levins starting in 2015.
|Name||Toyota Motor (Changshu) Auto Parts Co., Ltd (TMCAP)|
|Location||Changshu High Tech Industrial Park, Changshu, Jiangsu Province, China|
|Equity participation||TMC: 70.5%; TMCI: 19.5%; TMH: 10.0%||Establishment||July 23, 2012|
|Investment||285 million U.S. dollars|
|Capital||143.6 million U.S. dollars|
|Land area||140,000 m2|
|Main business||Manufacture and development of automobile powertrains|
|Production capacity||240,000 units/year (two-shift operations with no overtime and holiday shifts)|
1Also TMC executive vice president
2Toyota Motor Engineering & Manufacturing (China) Co., Ltd. Established in the Changshu High Tech Industrial Park in Jiangsu, China in 2010.