Intellectual property warriors, get your guns: Following GM, its arch nemesis Toyota will plant a brand new R & D center smack into the alleged intellectual property jungle called China. Toyota plans to spend between $330 and $440 million for the center. Building will commence next year. Compared to Toyota, the one GM built in 2008 was the lite version at a price of only $250 million.
The Toyota R&D center, complete with a full-scale test course, will be located not far from the GM center, in the outskirts of Shanghai, Gasgoo reports.
Toyota has four joint ventures in China and holds about 6 percent of the world’s largest auto market. Officially, Toyota’s center is being moved to China to better meet local demand. Unofficially, it is most likely there to save on R&D costs. Shanghai University’s highly regarded Automotive College in Anting is cranking out very capable engineers by the boatload, ready and willing to work at much lower wages than an engineer in Aichi, Detroit, or Wolfsburg.