Toyota Motor Corporation, Changshu Sinogy Venture Capital Co., Primearth EV Energy Co., Ltd. and Toyota Motor (China) Investment Co., Ltd. established a hybrid-vehicle-battery production joint venture, Sinogy Toyota Automotive Energy System Co., Ltd. (STAES), based in Changshu, Jiangsu Province, China.
Toyota, working primarily through Toyota Motor Engineering & Manufacturing (China) Co., Ltd. (TMEC), is currently developing a hybrid system to be manufactured in China with the aim of equipping the system on a vehicle to be launched in China in approximately 2015. Plans call for STAES to assemble the batteries that are key components of the hybrid system under development by TMEC.
STAES will construct facilities and install equipment for battery assembly with an aim to begin operations in 2015. Annual production capacity will be about 110,000 units/year.
New R&D facilities. Toyota also announced the completion of a number of new R&D facilities at Toyota Motor Engineering & Manufacturing (China) Co., Ltd. (TMEC) in the Changshu New and Hi-Tech Industrial Development Zone. The new facilities will play a key role in Toyota’s ongoing efforts to localize production in China.
TMEC’s core facilities include a vehicle test course, technology testing facilities and the Energy Saving and New Energy Vehicle Technical Center. As a development center for cutting-edge component technologies, TMEC will leverage its new infrastructure to popularize environmental technologies in China.