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TIANJIN AUTOMOTIVE
Retails between $5,000 and $7,000 USD. |
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T
FRIDAY, AUGUST 30, 2002
Toyota
Joins Forces With Chinese Auto Maker
By Todd Azun
TOKYO - Toyota's
Motor Corp. is teaming up with China's biggest auto maker, First
Automotive Works, launching a major offensive in China's rapidly
growing car market. Japan's top car maker said it agreed to
join forces with FAW to make luxury sedans, sport-utility vehicles and
so called minivehicles, which are cheap, tiny cars that are becoming
tremendously popular among growing numbers of middle-class Chinese.
The companies aim to
jointly sell as many as 400,000 vehicles a year by 2010. That's
about the same number that Volkswagen AG, China's leading car maker,
now sells annually in the nation.
The companies will together invest 150 billion yen
($1.26 billion) in the ventures, according to an FAW official.
Toyota said the amount
of its investment hasn't been decided.
The entry into China is
particularly important for Toyota, which has lagged behind such rivals
as Volkswagen, General Motors Corp. and Honda Motor Co. in setting up
big production plants in the nation.
Toyota already has announced an ambitious goal of grabbing 15%
of the world's auto market by 2010; if met, that would likely put
Toyota at or near the top of the industry.
To do that, it must capture a significant chunk of the Chinese
market, which auto makers predict will be one of the biggest sources
of growth.
Toyota's expansion comes
just as China's auto market is starting to take off after years of
languid sales. Unlike in the past, when government purchases accounted
for a big chunk of China's car market, much of the sales growth is now
coming from middle-class consumers.
Toyota
to Join Forces With Chinese Firm
Falling prices, and rising incomes are making new cars affordable for more Chinese, while a massive road-building campaign over the past several years has given drivers more places to go. In July, sales of passenger cars in China rose 62% from a year earlier to 107,203 vehicles, according to Automotive Resources Asia Ltd., an industry consultancy. The heavy demand is expected to push car sales above the one-million mark this year for the first time, it said.
Toyota's competitors in
China aren't
History
FOUNDED
in 1982, Tianjin Automotive Industry Co. LTD has manufacured over
700,000 units for distribution in 51 countries. 550,000 of these
units are still registered on the road driving. The estimated
2002 RMB is 25 Billion per year. The Tianjin logo (
) is a famous Asia National
Trademark of China.
TJ Model Specifications
International Distributorships
FranTech International Licensing, in association with the Global FranTech Group, and the American Automobile Network Holdings Inc (AANH) Announce the signing of an agreement with Tianjin Automobile Industrial Import & Export Corp (TAIEC) For its Worldwide Manufacturing and Exclusive Distribution rights Outside of China.
Our mission is to provide services to U.S. certified and non U.S. certified automotive markets worldwide.
TAIEC is a state-owned leading automobile manufacturer in the city of Tianjin where it manufactures motor vehicles and mini-vehicles including the Xiali, Huali mini-vans, special purpose vehicles, tractors and parts. The Xiali sedan is one of the best-selling cars in China and is noted for its appearance and low fuel consumption, quoted to reach 56 mpg.
We are currently establishing national and international Distributorships and Dealerships for the sales and service of Tianjin MotorVehicles and Parts.
Markets to be
Covered
(market breakdown by area)
• Canada
• Europe
• Australia
• New Zealand
• Latin America
• Africa
• Middle East
• India
• South East Pacific
Master
Licenses and Auto Dealerships available in select countries.
We can also consider Automotive Joint Venture with Government.
For inquiries contact
Us at 805-653-5264
Dealership@Frantechinternationallicensing.com.
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