Honda Motor Co. said Friday its joint venture in China has started production of its second motorcycle model, the Wave.

In November, Honda launched the M-Living bike in China.

The new 100cc Cub-type motorcycle will go on sale July 1, Honda said, adding it is aiming for an annual sales target of 100,000 units.

Production of the Wave began Friday at a plant in Tianjin run by Sundiro Honda Motorcycle Co., a 50-50 joint venture between Honda and two Chinese firms, Honda said.

Equipped with an air-cooled 4-stroke engine and featuring good fuel economy, the Wave will sell for an affordable 4,498 yuan (around 67,750 yen), Honda said.

Honda Motor owns a 50 percent stake in Sundiro Honda Motorcycle. China’s Hainan Sundiro Holding Co. holds 47.33 percent and Tianjin Motorcycle Group holds 2.67 percent.

Honda said China’s motorcycle market stood at around 10 million units in 2001.

While demand for motorcycles in urban areas fell due to restrictions on the issuance of license plates, the market has continued to grow in rural areas, where motorcycles are used extensively, Honda said.

Corolla expansion

Toyota Motor Corp. said Friday it has expanded production capacity of its Corolla car at its manufacturing plant in Brazil.

Japan’s top carmaker said the Indaiatuba Plant of Toyota do Brasil Ltda. (TDB), a Brazilian manufacturing unit, has increased production capacity by 15,000 to 57,000 units a year.

The Brazilian plant, which has been building Corollas in the state of Sao Paulo since 1998, started rolling out the ninth-generation Corolla at the end of May, Toyota said.

The expansion at Indaiatuba represents a $300 million investment in Brazil by Toyota. TDB has another plant in Sao Bernardo.

“This new-model Corolla is a world car,” Toyota Vice Chairman Kosuke Ikebuchi said Thursday at a ceremony at the plant. “We are confident that people in Central and South America will also be pleased with it.”

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