New Toyota plant: billion-euro investment in Mexico

I In Guanajuato, Mexico, an annual production capacity of around 200,000 units and around 2,000 new jobs are to be created from 2019.

Production expansion also in China

The new plant will primarily build compact models such as the Toyota Corolla for the US market. The plant will also be the first to be prepared worldwide for the production of vehicles based on the new global platform (TNGA).

The joint venture in Guangzhou, China, which will have a third production line by the end of 2017, is also being expanded gets. In addition, the existing systems are to be modernized. This prepares the plant for possible increases in capacity. Toyota expects continuous growth in what is already the largest car market in the world. The production capacity of 100,000 units per year can be increased if necessary. The investment amounts to 52.5 billion yen (413.24 million euros).