Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Japanese company Mazda and Chinese carmaker Changan accepted FAW’s offer to increase its capital in the Changan Mazda Automobile (CMA) joint venture, which operates in the Chinese market, the three companies said in a joint statement.


Through this agreement, Mazda and Changan will own 47.5pc each in CMA, with FAW owning the remaining 5pc, as the JV looks to increase its sales in China, which is considered the world’s largest automobile market. The company announced its intent to sell at least three million vehicles by 2025 in a separate statement on Tuesday.


Although it will require administrative restructuring, the company will retain the same name and continue to be responsible for Mazda and Changan’s operations in the Chinese market, as well as the joint operations that FAW and Mazda already have in the Asian nation.

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