Chongqing, China – Changan Ford Mazda Automobile (CFMA), Ford’s joint passenger car venture in China, has broken ground for a new engine plant in Chongqing. The plant is scheduled to start production in 2013.
The US$500 million investment will more than double CFMA’s annual engine production capacity in China to 750,000 units, which will be used in Ford-brand vehicles manufactured and sold in the country.
“Today’s groundbreaking ceremony represents yet another milestone in Ford’s accelerated expansion plan for China,” said Joe Hinrichs, chairman and CEO of Ford China. “This plan reinforces our commitment to aggressively grow the Ford brand in China and offer a full range of exciting, fuel-efficient vehicles to Chinese customers.”
The new plant is one of several investments Ford has recently made in China. Last July, Jiangling Motors Corporation, its commercial vehicle partner and producer of the Ford Transit, broke ground for a new assembly plant in Nanchang. In April, Ford announced that it will bring 15 new vehicles to China by 2015 and in May, it signed an agreement to build its first transmission plant in China.