September 28, 2005
Ford, Mazda open engine plant with Chinese partner
Nanjing, China – Changan Ford Mazda Engine Co., a joint venture among Changan Automotive Group, Ford Motor Company and Mazda Motor Corporation, held its groundbreaking ceremony on Tuesday in Jiangning Economic and Technological Development Zone (JNDZ) in Nanjing, China.
Scheduled to formally launch its mass production in early 2007, the new engine company is jointly invested by Changan Automotive Group, Ford Motor Company and Mazda Motor Corporation, with a total investment amount of over 3 billion RMB. The three parties’ share of equity in the new engine company accounts for 50%, 25% and 25% of the total.
As one of the largest engine manufacturing facilities in China, CFME will have some 1,800 employees and an initial annual capacity of 350,000 units, which can be quickly expanded as needed. It will supply advanced engine products primarily to the assembly plants of Changan Ford Automobile Co., Ltd. in Chongqing and Nanjing (under construction) as well as the three parties’ other vehicle assembly operations in China.