CHONGQING – Chang’an-Ford-Mazda Automobile (CFMA) broke ground for its third passenger vehicle assembly plant here on August 27, according to a company news release.
CFMA also signed a letter of intent with the Chongqing municipal government on the same day to explore expanding its research and engineering capability in Chongqing.
With investment of approximately $600 million, the new assembly plant in Chongqing will have the capacity to produce 250,000 vehicles annually.
CFMA already operates two assembly plants in Chongqing, with another engine plant and a transmission plant under construction.
The joint venture company is also expanding the capacity of its second assembly plant in Chongqing by 100,000 vehicles. When the third plant is completed, total vehicle output capacity increase in Chongqing will be 350,000 units.
The third Chongqing plant, like all new Ford manufacturing facilities, will have the flexibility to build up to seven different models. The first vehicle is expected to come off the line at the new Chongqing plant in late 2014.
Ford will introduce 15 new vehicles and 20 new engines and transmissions in China by 2015 as part of the company’s plan to broaden its product portfolio and powertrain offerings in China.
Chongqing is the largest global manufacturing location for Ford outside southeast Michigan.
Ford has five manufacturing facilities in China that are currently operational, and together with its partners, it is building five more.