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Toyota Holds Cornerstone Ceremony at China R&D Center.

TMC Executive Tadashi Yamashina to Become Center's President in January 2012

Toyota City, Japan, Oct 22, 2011 - (ACN Newswire) - Toyota Motor Corporation (TMC) held a cornerstone-laying ceremony here today for the Toyota Motor Engineering & Manufacturing (China) Co., Ltd. (TMEC) R&D Center in the Changshu Southeast Economic Development Zone in Changshu, China.

Guests from the central, provincial and municipal government attended the ceremony, as well as guests from joint-venture partners including Jin Yi, deputy general manger of the China FAW Group Corporation (FAW), and Zhang Fangyou, chairman of the Guangzhou Automobile Group Co., Ltd. (GAC). TMC President Akio Toyoda, Executive Vice President Takeshi Uchiyamada and Executive Vice President Atsushi Niimi were also in attendance.

At the ceremony, it was announced that from January 2012, Senior Managing Officer Tadashi Yamashina would be appointed as the new president of TMEC. Of the

appointment, President Akio Toyoda said that Mr. Yamashina was selected because of his understanding of the different vehicle usage requirements for the vast variety of Chinese roads and his in-depth knowledge of energy conservation and new energy vehicle technology. Toyoda went on to say that Yamashina has top-level expertise in technological fields as well as first-hand experience in Europe, where he learned much about car culture and the "fun to drive" spirit of motor sports. "With his background, I firmly believe that he will be able to make a significant contribution to the auto industry in China," Toyoda said.

TMC established TMEC on November 17, 2010, andoperations at the center began in April 2011. Construction of major facilities, including the test track, main administration and laboratory facilities, is scheduled for completion in 2013. TMEC is promoting the spread of environmental technologiesin China to establish it as a base to develop cutting-edge component technologies required for leading environmental vehicles. A special center, to be named the Energy Saving and New Energy Vehicle Technical Center, will be established for this purpose and will communicate with a wide range of external parties, including joint-venture partners, suppliers, and other manufacturers regarding environmental technologies. In addition, TMEC will proactively collaborate with universities and other third-party organizations to conduct research into fundamental technologies.

Furthermore, TMC also plans to create a development group for the production of Chinese-made hybrid vehicles, including the localization of hybrid system components. Plans call for the manufacture and sales of vehicles equipped with China-produced hybrid systems at and through FAW and GAC joint-venture companies by around 2015.

TMC, together with TMEC and the R&D centers of its two Chinese joint-venture companies, willcontinue to strive to produce vehicles that meet consumer needs in China.

Outline of Toyota Motor Engineering & Manufacturing (China) Co., Ltd.
Location: Changshu Southeast Economic Development Zone,
 Changshu, China
Chairman: TMC Executive Vice President Takeshi Uchiyamada
President: Shunsaku Takeuchi
 (From January 2012: TMC Senior Managing Officer
 Tadashi Yamashina)
Capital: 234 million U.S. dollars
Investment689 million U.S. dollars
 (planned): (land, buildings, test course, test facilities, others.)
Equity: TMC: 100%
Land area: Approx. 2.34 million m2 (including 69,000 m2 for
 buildings and 740,000 m2 for a testtrack)
Facilities Various test facilities including chassis dynamometers,
 (planned): as well as test courses including a high-speed circuit,
 rough road for durability tests and road for evaluating
 marketability
Employees: Approx. 200 (as of July 2011), eventual goal of 1,000
Established: November 17, 2010
Start of ops: April 2011


About Toyota

Supported by people around the world, Toyota Motor Corporation (TSE: 7203; NYSE: TM), has endeavored since its establishment in 1937 to serve society by creating better products. Today, the Company manufactures vehicles and parts at 53 production sites in 27 countries and regions around the globe and is an active member in the communities it serves. For more information, please visit www.toyota-global.com.

Source: Toyota

Contact:
Toyota Motor Corporation
Corporate Communications Department
Public Affairs Division
Tel: +81-3-3817-9150


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Publication:ACN Newswire
Geographic Code:9CHIN
Date:Oct 22, 2011
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