GAC-Toyota rolls off one millionth car in China
by Jennifer Chen
GUANGZHOU – GAC-Toyota, the joint venture between China’s Guangzhou Automobile Group Corp. (GAC) and Japanese automaker Toyota Motor Corp., held a ceremony here on August 4 to celebrate the roll off of its 1 millionth vehicle, according to a company press release.
Established in 2004, GAC-Toyota started its production in May 2006 with the Camry, followed by the Yaris in May 2008. The joint venture began manufacturing the Highlander SUV in May 2009, followed by the Camry Hybrid in April 2010 and the E’Z in June 2011.
The company has recovered rapidly from the parts supply difficulties due to devastate earthquake in March in Japan with its production returned to normal level. The Camry achieved a cumulative sales volume of 700,000 units last year and is stepping on the road of selling 800,000 units. The Highlander also broke the threshold of 150,000 units in sales, according to the company.
GAC-Toyota registered sales as 111,631 units in the first half of this year, up 8 percent compared with the same period last year.