TOYOTA Motor Co., LTD.

As a large-sized sino-foreign joint venture, Tianjin FAW Toyota Motor Co., Ltd. (Chinese name shortened to Tianjin FAW Toyota, and English name shortened to TFTM) is held jointly by China FAW Group Corporation (FAW), Tianjin FAW XIALI Automobile Co., Ltd in conjunction with Toyota Motor Corporation and Toyota Motor (China) Investment Co., Ltd. under the approval of the Ministry of Commerce of the PRC, with a 50% to 50% share ratio. Founded in September 2003, TFTM occupies a floor area of 1.61 million m2 and boasts a current annual production capacity of 420,000 vehicles, of which the leading products are “VIOS”, “COROLLA”, “CROWN” and “REIZ”. TFTM was registered in the Tianjin Economic& Technological Development Zone with a registered capital of RMB 3.3 billion Yuan, and now has a staff team of more than 10,000.

The predecessor of TFTM is Tianjin Toyota Motor Co., Ltd., which was founded in June 2000. In August 2002, China FAW Group signed a strategic cooperative agreement with the Toyota Motor Corporation in the Great Hall of the People in Beijing; both parties set a target for the cooperative project to occupy 10% of Chinese market share by the year of 2010.

TFTM has three plants: the first one is located in Yangliuqing Town, Xiqing District of Tianjin and the second one on the 9th Street of Tianjin Economic & Technological Development Zone and the third one, which was put into production on May 28, 2007, is close to the second plant, indicating the cooperation between FAW and Toyota to enter a new phase.

TFTM sets up a self-characteristic management mechanism, putting high value on talent fostering and examination system improvement, and learns and adopts Toyota’s production mode actively. TFTM fully promotes Toyota’s global quality management system with the aim of improving its quality in a stable way, to be the leader in China’s car market by virtue of “high quality” based on the concept “Product quality originating from each production process”.

TFTM has maintained a good tendency towards increasing production volume and fast development in recent several consecutive years. TFTM has in total paid 2.7 billion RMB taxes since its establishment, and facilitated more than 90 supporting enterprises to have settled their business in Tianjin with more than 50,000 employees, driving the local economic development with good effect.