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FAW to complete auto range with Mazda MPVs.

August 25, 2008 - FAW Car Corp, the partner of Japan's Mazda Motor Corp, on Friday announced it would invest 293 million yuan (US$43.2 million) to locally produce Mazda multi-purpose vehicles (MPV) to complete its product portfolio.

The listed unit of China's second-biggest car maker, FAW Group Corp, plans to make 20,000 Mazda-branded MPVs starting from next year after pouring money into new equipment and upgrading existing assembly lines in a plant in Changchun, it said in the latest filing to the Shenzhen stock market.

The move is expected to help FAW win more customers with a complete product line-up. It is now mainly partnered with Mazda to produce the Mazda 6 mid-to-high class sedan, which has been challenged by more competitive rivals such as Toyota's Camry and Honda's Accord.

Although the niche market segment accounts for a small proportion of the overall vehicle market, analysts said it would sustain growth in China's increasingly affluent society.

Half-year sales for MPVs added 4.09 percent to 111,400 units in China, according to the China Association of Automobile Manufacturers.

The expansion plan came after FAW Car reported its half-year earnings had more than tripled to 506 million yuan, due to sustained growth of the overall auto market and cost reductions. Its sales revenue increased by 76.16 percent to 10.4 billion yuan for the first six months from a year earlier after it sold 59,300 vehicles during the period — an increase of 75 percent.

FAW Car also projected slower profits for the second half of this year due to declining car prices and intensified market competition. It plans to launch two new models, including the M6 mid-class sedan and Besturn B50.
From:Shanghai Daily
 

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FAW-Mazda to build new factory, to increase production by 100k.

November 27th, 2008 - Mazda, and its joint venture partner FAW, have plans to build a new factory which will see their production increase by 100,000 cars per year.

Mazda plan to begin sales of the new Mazda 6 in 2009, and will sell it alongside the existing Mazda 6. The existing Mazda 6 sold 60,000 units from January until the end of October, showing that the old ‘6 still has some sales power left in it. Mazda have been carrying out advertising that by adding 10,000rmb to your car buying budget, you can jump from the A-Segment (compact sedan) to the B-Segment (mid size sedan), which easily affords the current Mazda 6.

Final plans for the factory, and its geographical location have not yet been announced by Mazda or FAW.
from China Car Times
 

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FAW-Mazda to launch three new cars in 2010.

September 22, 2009
FAW-Mazda are planning to launch three new cars 2010, ranging from sedan to MPV’s.

FAW-Mazda are planning to introduce the sports version of the new Mazda6 model, and will also introduce the Mazda8 and the Mazda CX7 as locally produced vehicles.

FAW-Mazda still plan to keep the previous generation Mazda6 in production in China to cater to the consumer that wants relative luxury on a budget, and will also offer the new Mazda6 as a premium segment product.

The new Mazda6 sports sedan is expected to take on a small but growing premium sports sedan segment that has grown in China over recent months, competitors will include the recently launched Honda Spirior and Toyota Reiz.

By the end of 2010, FAW-Mazda’s line up will include sedans, premium sedans, SUV’s and MPV’s, giving them a fairly comprehensive line up in the PRC.
source: CCT
 

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Mazda plans new JV with FAW for expansion in China

May 19, 2010
Mazda Motor is planning to set up a new joint venture with Chinese partner FAW Group to boost sales and market share in China, now the world's largest auto market, media reported today.

The plan comes after Mazda and its partner Ford Motor are set to split their three-way joint venture in China with Changan Auto by operating separate JVs with the Chinese automaker. Meanwhile, Mazda's minor role in its partnership with FAW Group has slowed its expansion in the Chinese market.

"The two automakers [FAW and Mazda] are in discussions to deepen their cooperation, possibly a new joint venture to be set up in the future," the National Business Daily reported yesterday, citing an unnamed source.

The fifth-largest Japanese carmaker entered China in 2003 when it started making the Mazda 6 through a technical cooperation with FAW Group. A new venture will likely help Mazda to boost its sales and share in the fast-growing Chinese market.

"The Mazda 6 has achieved good sales but cooperating technically limits profit for Mazda," said an industry analyst. The new venture will give Mazda a big role in the partnership with FAW and speed up its growth in China.

http://autonews.gasgoo.com/auto-news/1015242/Mazda-plans-new-JV-with-FAW-for-expansion-in-China.html
 
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