Brand New COROLLA Sedan Rolled off Production Line
BEIJING, May 28 /Xinhua-PRNewswire/ -- Today the TFTM No. 3 Plant Opening Ceremony and COROLLA Sedan Off-Line Ceremony were grandly held at TEDA (Tianjin Economic and Technological Development Area). The completion and production of its No. 3 Plant symbolizes that the strategic cooperation between FAW and Toyota has entered a new stage.
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The No. 3 Plant of TFTM (Tianjin FAW Toyota Motor Co., Ltd.) is situated in TEDA (Tianjin Economic-Technological Development Area), covering 400,000m2 of land. The Plant aims to produce 200,000 popular sedans a year. It will stick to the principle of “high quality, high speed, high efficiency and low input” and shape itself into a world-class modern automobile manufacturing plant.
Since landing in TEDA in 2002, TFTM has launched many models such as: VIOS, COROLLA, CROWN and REIZ, and more than 90 supporting enterprises have settled down successively to support its production. As one of the important leaders in Tianjin’s auto industry chain, TFTM has effectively boosted the development level of the auto industry in Tianjin and provided driving power for the sustainable economic development of Tianjin New Binhai Area.
Brief Introduction to Tianjin Economic-Technological Development Area
Tianjin Economic-Technological Development Area (abbreviated to TEDA, with “Taida” as its Chinese transliteration) was established in 1984, upon the approval of the State Council of the People’s Republic of China. It was one of the first state-level economic and technological development zones in the country.
Located in the centre of the Circum-Bohai economic circle and in the east of the Eurasia continental bridge, TEDA is a portal to two such metropolises as Beijing and Tianjin and a vital passage to Northeast China. So far over 3,300 overseas-founded companies have settled in TEDA. Among them 93 are founded by 44 corporations of the Fortune Global 500 like Motorola, Samsung, Toyota Motor, etc. In 2000, TEDA was acclaimed by Fortune of U.S. as “the most admired industrial park of China.” In 2002, it was elected by the United Nations Industrial Development Organization (UNIDO), along with five other Chinese cities and areas including Shenzhen, Suzhou, Pudong New Area of Shanghai, etc., “the most dynamic regions of China.”
