Mazda Motor Co. plans to sell 270,000 vehicles in China in 2012, representing a growth of 26 percent, according to a report from Wall Street Journal.
Aimed at improving sales, Mazda plans to expand its dealers in China by 15 percent to 365, and bring the CX-5 compact SUV into China, according to the report.
Mazda sold 214,799 vehicles in China last year, down 10 percent year-on-year. Its Chinese joint ventures, FAW-Mazda and Chang’an–Ford-Mazda, sold 135,455 and 79,344 Mazda vehicles respectively, dropping 8 and 15 percent.
To solve the problem of lack of new products, FAW Car Co., Ltd., Mazda’s manufacturing partner, will invest ¥1.5 billion ($238.5 million) to upgrade technology and equipment for its Mazda products, which is expected to take 33 months to complete.