Sichuan FAW Toyota Starts Making Prius in Changchun, China.Tokyo, Japan, Dec 15, 2005 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - TOYOTA MOTOR CORPORATION (TMC TMC Technology Marketing Corporation (Norwalk, Connecticut) TMC Texas Medical Center (Houston, TX) TMC Traffic Message Channel TMC The Movie Channel TMC Traffic Management Center ; TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 7203) announced today that Sichuan FAW Toyota Motor Sichuan FAW Toyota Motor is an automobile manufacturing company based in Chengdu City, Sichuan Province China, with a branch in Changchun City, Jilin Province. It is a joint venture between Toyota Motor Company and First Automobile Works and produces the first Toyota Prius hybrid Co., Ltd. (SFTM SFTM Shelburne Falls Trolley Museum ), a joint vehicle production company established with China FAW FAW Florida Administrative Weekly FAW Football Association of Wales FAW Forschungsinstitut für Anwendungsorientierte Wissensverarbeitung FAW First Auto Works (China) FAW First Aid at Work FAW Fleet Air Wing FAW Fire At Will Group Corporation (FAW), held a line-off ceremony today for the Toyota Prius The Toyota Prius is a hybrid electric vehicle developed and manufactured by the Toyota Motor Corporation, and one of the first such vehicles to be mass-produced and marketed. The Prius first went on sale in Japan in 1997, and worldwide in 2001. hybrid passenger vehicle at SFTM Chanchun Fengyue Co. (an SFTM branch) in Changchun City, Jilin Province, China. Approximately 350 people attended the event, including local and central government officials, Japanese government officials, media representatives, FAW President Yanfeng Zhu and Vice President Yi Jin, TMC Executive Vice President Yoshimi Inaba and SFTM Chanchun Fengyue Co. President Osamu Oaki. During the ceremony, Inaba commented by saying, "addition to China's new automobile policy that encourages the use of hybrid vehicles, the introduction of emission regulations on par with those in Europe and the United States is also moving forward. To respond to such government policies as quickly as possible, FAW and TMC came together in deciding to introduce the Prius to the Chinese market. TMC is truly proud that the first-ever production of the Prius outside Japan has begun, and it is my strong wish that the Prius built here in Changchun will contribute to the widespread use of hybrid vehicles in China." The price of the Chinese-built Prius will be 288,000 and 302,000 Chinese yuan (depending on trim level), with 3,000 units being planned for sale in 2006. Internet orders are scheduled to start on Dec. 16. In an effort to popularize pop·u·lar·ize tr.v. pop·u·lar·ized, pop·u·lar·iz·ing, pop·u·lar·iz·es 1. To make popular: A famous dancer popularized the new hairstyle. 2. hybrid vehicles in China, TMC and FAW reached an agreement in September 2004 to locally produce the Prius - the first hybrid vehicle to be built in China under China's national hybrid vehicle certification system, which came into effect October 1. Today's event also marked Toyota-'s first time to produce hybrid vehicles outside Japan. SFTM is a joint venture between Sichuan Tourer Manufacturing and TMC, and was established in November 1998 as Sichuan Toyota Motor Co., Ltd. (SCTM SCTM SSP (Space Solar Power) Concept and Technology Maturation SCTM Secure Content and Threat Management SCTM State-Clustered Tied Mixture SCTM Silk Central Test Manager SCTM Slight Chuckle To Myself ), in Chengdu City, Sichuan Province. It was re-launched in July as SFTM, following a merger with Changchun FAW Fengyue Auto Co., Ltd. (based in Changchun City), a subsidiary of FAW. At present, SFTM produces the Coaster and Land Cruiser Prado in Chengdu and the Land Cruiser and Prius in Changchun. Outline of Sichuan FAW Toyota Motor Co., Ltd. (SFTM) <pre> Representatives President: Haruaki Hoshino Vice President: Liu Jurong Date of establishment: July 2005* Duration of joint venture: 30 years Capitalization: Approx. 67 million U.S. dollars Equity participation: FAW: 50%; TMC: 45%; Toyota Tsusho Corporation; 5% Number of employees: Approx. 1,500 Head office: Chengdu City, Sichuan Start of production: December 2000 Product lineup: Coaster, Land Cruiser Prado Production capacity: 10,000 units/year Site area: 177,000 m2 Number of employees: Approx. 1,000 Province Branch: Changchun City, Jilin Province Start of production: October 2003 Product lineup: Land Cruiser, Prius Production capacity: 10,000 units/year Site area: 75,000 m2 Number of employees: Approx. 500 </pre> Copyright [c] 2005 Japan Corporate News Network. All rights reserved. |
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