Toyota Motor announced that Sichuan FAW Toyota Motor Co., Ltd. (SFTM), a joint-venture vehicle production company established with China FAW Group Corporation (FAW), has begun assembling the Prius hybrid in China as planned. SFTM held a ceremony today marking the beginning of production at a Sichuan FAW plant in Jilin Province, China.
TMC and FAW reached an agreement in September 2004 to locally produce the Prius—the first hybrid vehicle to be built in China under China’s new national hybrid vehicle certification system, which came into effect 1 October.
In addition to China’s new automobile policy that encourages the use of hybrid vehicles, the introduction of emission regulations on par with those in Europe and the United States is also moving forward.
To respond to such government policies as quickly as possible, FAW and TMC came together in deciding to introduce the Prius to the Chinese market. TMC is truly proud that the first-ever production of the Prius outside Japan has begun, and it is my strong wish that the Prius built here in Changchun will contribute to the widespread use of hybrid vehicles in China.—TMC Executive Vice President Yoshimi Inaba
This marks Toyota’s first production of a hybrid vehicle outside of Japan.
The price of the Chinese-built Prius will be between 288,000 and 302,000 Chinese yuan ($35,680-$37,410), with 3,000 units being planned for sale in 2006. Internet orders are scheduled to start on Dec. 16.