The Ford Motor Company, Mazda and Changan Automotive are to jointly build an auto manufacturing plant in the Jiangning Economic & Technological Development Zone (NJDZ) near Nanjing, in the Jiangsu Province of China.
The 190,000 square metre manufacturing facility will have an initial manufacturing capacity of 160,000 automobiles a year and could be expanded to build as many as 200,000.
Capable of producing a number of different Ford and Mazda vehicles, the new plant will support stamping, body assembly, paint, trim and final assembly.
Using the Mazda manufacturing process as a blueprint, the jointly developed manufacturing facility is part of the $1 billion investment that Ford Motor Chairman Bill Ford announced during his visit to China back in October 2003.
Mazda is expected to participate in the project by having an equity stake in Changan Ford.
All three partners in the venture will cooperate to develop and operate the new plant.