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BEIJING/TOKYO — Japanese automaker Toyota plans to build a new electric vehicle plant in the Chinese city of Tianjin with its local partner FAW Group , a document from the local authorities showed.
The joint venture between Toyota and FAW plans to invest around 8.5 billion yuan ($1.2 billion) in the planned car plant in Tianjin, according to a document issued by authorities of the China-Singapore Tianjin Eco-city.
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