Ford has announced that it will invest $20.3 million in its Chinese operations. Ford’s two other Chinese partners — Chang’an Automotive Group and Mazda — will also be adding to the investment, $29 million and $8.7 million respectively, bringing the total investment to $58 million.
The joint-venture — dubbed Chang’an Ford Mazda — is 50% owned by Chang’an, 35% by Ford and 15% by Mazda.
While Ford trails its cross-town rival General Motors in China by a fairly wide margin, Chang’an Ford Mazda did see a sales increase of 60% last year — placing the joint-venture among the top 10 best-selling automakers in China.
According to Edmunds, Chang’an Ford Mazda opened a new production facility last September with an annual production capacity of 160,000 units — bringing Ford’s total Chinese capacity to 410,000 units.
