Mazda to invest RM5.8 billion in China JV – targets 300,000-unit annual sales by 2027, 90% being NEVs

According to a report by CarNewsChina, Mazda will invest in China as it looks to grow its presence in the world’s largest electric vehicle (EV) market as well as improve its manufacturing capabilities.

As part of this plan, the Japanese carmaker will invest 10 billion yuan (about RM5.8 billion) in its Nanjing operations, which will serve as the central hub for R&D, manufacturing and export capabilities. The company currently has a 50:50 joint venture with Changan Automobile called Changan Mazda, which recently revealed the EZ-60 at this year’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 will be deployed not just in China, but also across Mazda’s global markets, with an example of this being the imminent launch of the EZ-6 in Thailand, where it is known as the 6e.

Through this initiative, Mazda will leverage on China’s manufacturing and supply chain advantages while maintaining its vehicle design standards. With this, it aims to be more competitive in China, a market that isn’t short of domestic brands that can offer a wide range of models at lower prices. By 2027, two additional EVs will be introduced by the brand.

Mazda has set several targets that it aims 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 aims to reach annual sales of 300,000 vehicles by 2027, with fully electric and hybrid models (collectively known as new energy vehicles or NEVs) making up 90% of that total.

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