Toyota Motor Corp. on Wednesday announced that GAC Toyota Engine Co. Ltd (GTE), a joint venture between Toyota and Guangzhou Automobile has begun production of a new four-cylinder inline engine at the Nansha plant – Guangdong Province, China.
In addition, the automaker said that the start of AR engine production at the Nansha plant represents an additional investment of $96 million.
The new engine will be available in three configurations: a 2.5-liter, a 2.7-liter, and a 2.5-liter hybrid, with the 2.5-liter type to be used in the new Camry soon to be launched in China.
According to the automaker, the GAC Toyota Engine Co. Ltd (GTE) joint venture was established in 2004, first as a supplier for engines and parts in China. Production begun back in 2005 and according to Toyota it reached 1 million engines in 2009.
The Chinese Camry is reportedly targeted at buyers between 30 and 50 years of age.
The locally produced Camry Hybrid car, priced between 319,800 yuan ($46,830) and 364,800 yuan, start selling at 107 dealerships of Guangzhou Toyota but are planned to eventually expand to its entire sales network across China.