In keeping with a report by CarNewsChina, Mazda will spend money on China because it looks to grow its presence on the planet’s largest electric vehicle (EV) market in addition to improve its manufacturing capabilities.
As a part of this plan, the Japanese carmaker will invest 10 billion yuan (about RM5.8 billion) in its Nanjing operations, which can serve because the central hub for R&D, manufacturing and export capabilities. The corporate currently has a 50:50 three way partnership with Changan Automobile called Changan Mazda, which recently revealed the EZ-60 at this yr’s Auto Shanghai.
Before the EZ-60, which is an SUV, there was the EZ-6 sedan that made its debut at Auto Beijing 2024. Vehicles and technologies developed at Nanjing shall be deployed not only in China, but additionally across Mazda’s global markets, with an example of this being the approaching launch of the EZ-6 in Thailand, where it’s often called the 6e.
Through this initiative, Mazda will leverage on China’s manufacturing and provide chain benefits while maintaining its vehicle design standards. With this, it goals to be more competitive in China, a market that isn’t wanting domestic brands that may offer a wide selection of models at lower prices. By 2027, two additional EVs shall be introduced by the brand.
Mazda has set several targets that it goals to hit to make good on its investment, including an annual export value of 10 billion yuan (RM5.8 billion) and double the production output. It also goals to succeed in annual sales of 300,000 vehicles by 2027, with fully electric and hybrid models (collectively often called recent energy vehicles or NEVs) making up 90% of that total.
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This Article First Appeared At paultan.org
