Oct. 22, 2013

Toyota to Begin 2.7-liter 'Land Cruiser Prado' Production in China

Chengdu, China, October 22, 2013―Toyota Motor Corporation (TMC) announces that Sichuan FAW Toyota Motor Co., Ltd. (SFTM), a vehicle production joint venture between TMC and the China FAW Group Corporation (FAW), will begin producing the 2.7-liter "Land Cruiser Prado" SUV at its Chengdu Plant in March 2015, augmenting the plant's current production of the 4.0-liter version. The annual production capacity of SFTM's Chengdu Plant will be increased from 30,000 units to 50,000 units. Plans call for approximately five billion yen to be invested in the plant, and for the hiring of approximately 500 new employees.

At the groundbreaking ceremony held here today, SFTM President Akio Kato said: "Toyota has always been able to rely on the SFTM Chengdu Plant, our first automobile production site in China, as a key base for our business here. Going forward, we will continue to build cars that meet the needs of Chinese consumers."

Overview of Sichuan FAW Toyota Motor Co., Ltd. (SFTM)

Representatives	President Akio Kato
Representatives	Vice President Tian Ying Chun
Establishment	November 1998
Capital	349 million U.S. dollars
Equity participation	China FAW Group Corporation 50%; Toyota Motor Corporation 50%;
Plant	Chengdu Plant	Changchun Plant
Plant	Chengdu Plant	East Plant	West Plant
Location	Nansan Road, Economic Development District, Chengdu Economic & Technological Development Zone, Chengdu, Sichuan	No. 5 Gate, Dongfeng Street, Changchun, Jilin	Fengyue Road, Changchun Economic and Technology Development Zone, Changchun, Jilin
Start of production	December 2000	October 2003	May 2012
Production series	Coaster, Land Cruiser Prado	Land Cruiser, Prius	RAV4
Production capacity	30,000 units/year (50,000 units/year in 2015)	10,000 units/year	100,000 units/year
Site area	Approx. 450,000 m²	Approx. 75,000 m²	Approx. 970,000 m²
Employees	Approx. 2,200 (2,700 in 2015)	Approx. 4,800

Note: In addition to SFTM, TMC's vehicle production affiliates in China include Tianjin FAW Toyota Motor Co., Ltd. (TFTM) and GAC Toyota Motor Co., Ltd. (GTMC).