Tianjin FAW Toyota Motor Co., Ltd. (TFTM) is a large Sino-foreign joint venture approved by the Ministry of Commerce. The investors are China FAW Group Corporation, Tianjin FAW Li Xia Automobile Co., Ltd., Toyota Motor Corporation and Toyota Motor (China) Investment Co., Ltd., each holding 50% of the shares. Founded in June 2000, the company covers an area of 16 1000㎡ and has an annual production capacity of 420,000 vehicles. The company's leading products are VIOS, Corolla, Crown, Reiz and Corolla. The company has a registered capital of 3.3 billion yuan, registered in Tianjin Economic and Technological Development Zone, and has more than 20,000 employees/kloc-0.
As can be seen from the above information, although Toyota owns half of the shares, the company is located in China and belongs to China. Look at the company name "FAW Toyota" instead of "Toyota FAW".