Section 4. Expanding Business in China through Joint Ventures
Item 1. Production Sites Expanded
Guangzhou Toyota begins production
Following the Sichuan and Tianjin projects, a project implemented with Guangzhou Automobile Group Co., Ltd. (GAC) in the 2000s also bore fruit. In 2004, GAC Toyota Engine Co., Ltd. (GTE) and Guangzhou Toyota Motor Co., Ltd. (now GAC Toyota Motor Co., Ltd. (GTMC)) were established.
Guangzhou Toyota Motor began producing the Camry in 2006 and the Yaris in 2008. Later, the company built a new production line and began producing the Highlander in 2009 and the Camry Hybrid in 2010. This was the second hybrid vehicle produced in China following the Prius, production of which started in Changchun in 2005. GTE began producing engines for export in 2005, and started supplying engines for the Camry produced in China in 2006.