Chongqing, China – Ford is building its first transmission plant in China, supporting its growth plan in the world’s largest auto market.
Changan Ford Mazda Automobile Limited (CFMA), Ford’s passenger vehicle joint venture in China, will start the project with an initial investment of US$350 million. The plant will produce six-speed automatic transmissions and have an initial annual capacity of up to 400,000 units. The transmissions will be used in Ford brand vehicles built and sold locally by CFMA.
“This transmission plant investment represents yet another important milestone in Ford’s accelerated growth plan for this important market,” said Joe Hinrichs, president of Ford Asia Pacific and Africa. “Together with prior investments announced in the past few years, this new plant demonstrates Ford’s unprecedented commitment to the China market and how are leveraging advanced global technologies to support Ford’s aggressive plan to introduce 15 brand-new vehicles to China by 2015.”
The plant, to be located in Chongqing’s New North Zone, is scheduled for groundbreaking this July and for start of production in the fourth quarter of 2013. CFMA builds the Ford Mondeo, Focus, Fiesta and S-MAX in China.