A vehicle engine manufacturing venture of Mazda, Ford and Changan Automotive Group held a ground breaking ceremony on Tuesday for a new plant in Nanjing, eastern China, the Japanese automaker told Kyodo News.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The three-way venture Changan Ford Mazda Engine Co., in which Changan has a 50% stake and Ford and Mazda 25% each, plans to begin operation of the plant in the first half of 2007.
The plant is expected to produce two types of high-powered, fuel-efficient engines developed by Mazda and Ford, with an initial production capacity of 350,000 units a year, making it one of the largest engine manufacturers in China.
Earlier this year, the Chinese government granted approval for a plan by the three automakers to jointly build a vehicle assembly plant in Nanjing by the end of 2006, with an initial output capacity of 160,000 vehicles a year.
The engine plant and assembly plant are located in Jiangning Economic and Technological Development Zone, an industrial park in Nanjing, Kyodo News added.
