TOYOTA Motor Corp began building a second plant in Guangzhou to meet rising demand in the world's second largest vehicle market.
The new plant will make Camry sedans and Yaris compacts, said Liang Jing, an official in the management department of Toyota's venture in the southern Chinese city, Bloomberg News reported. The factory will take more than a year to build, she added.
Work on the factory, Toyota's seventh in China, follows the opening of its third plant in Tianjin last month. The company aims to boost sales in the country by a third this year and to grab a 10 percent share of the Chinese car market by 2010.
Guangzhou Toyota Motor Co, Toyota's venture with Guangzhou Automobile Group Co, started making cars last year with a designed annual production capacity of 200,000. The venture, which began operating two shifts in October, aims to make 150,000 Camry sedans this year, Liang said.