Toyota will build a new plant in Mexico and China spent a total of 7.7 billion yuan
According to Reuters April 3 news, two people familiar with the world's largest automobile manufacturers - Toyota will spend about 150 billion yen (about RMB about 77 million) in two new factories in Mexico and China Toyota three-year freeze on the expansion come to an end.
According to earlier media reports, Toyota intends to build in Mexico and China, two new plants, just waiting for the approval level. After the global financial crisis, Toyota suffered overcapacity, president Akio Toyoda expansion therefore be treated with caution.
The two sources said that two new Toyota plant will allow production capacity to nearly 300,000 - 200,000 of which comes from Mexico, another 100,000 from China. Not authorized to speak to the media because of their refusal to be named, said the expansion plans and may officially announced as early as this month.
In the global automotive industry is already higher than the sales of capacity on the occasion, Toyota plans to restart the expansion will bring more pressure on General Motors and Volkswagen and other competitors. 2014 global production capacity increase of up to 300,000, while sales of just over 10 million.
When the financial crisis has just ended, large automobile manufacturers to increase capacity with caution. And now the US demand has rebounded to pre-crisis levels, although the slowdown in China's auto market is still growing but, more capacity to be put on the agenda again. A Toyota spokesman said, has not yet made any decision.
These two sources said the plant will be located in central Mexico's Guanajuato state. The plant will begin production in North American market, the next generation Corolla sedan in 2019, confirming a report in March Reuters reported. This will be the first Toyota car factory in Mexico. Toyota currently only a small factory in Mexico, annual production of less than 100,000 Tacoma pickup.
In China, the world's largest auto market, Toyota's new plant will be located in Guangzhou since 2018, will produce up to 100,000 Yaris compact car annually.
