FAW Toyota

About FAW Toyota

FAW Toyota Motor Co., Ltd. (FTMC) (simplified Chinese: 一汽丰田汽车有限公司; traditional Chinese: 一汽豐田汽車有限公司; pinyin: Yīqì fēngtián qìchē yǒuxiàn gōngsī), previously named Tianjin FAW Toyota Motor Co., Ltd. (TFTM) (Chinese: 天津一汽丰田汽车有限公司), is an automobile manufacturing company based in Xiqing District, Tianjin, China. It is a manufacturing and supervising affiliate of the joint venture between FAW Group and Toyota Motor Company, and commonly known as FAW Toyota (simplified Chinese: 一汽丰田; traditional Chinese: 一汽豐田; pinyin: Yīqì fēngtián). Created in 2003, it is an equally owned joint venture with Toyota. As of 2007, it has one passenger vehicle production base in the Xiqing District of Tianjin and two in the Tianjin Economic and Technological Development Zone. As of 2008, it continues to control three production bases and manufactures several Toyota products including the Corolla and Vios. As of 2008, it had an annual production capacity of 470,000. It had a subsidiary brand called Ranz, but it did not perform as well as other joint venture brands that were mushrooming in the 2010s.