In early April 2012, Changan Ford Mazda announced plans to invest US$600 million in the expansion of its manufacturing facilities in Chongqing, increasing its total unit capacity by 350,000 vehicles to 950,000. Later in the same month, Changan Ford Mazda announced plans to invest US$760 million in the construction of a new vehicle assembly plant in Hangzhou with an initial capacity of 250,000 units. The plant is planned for completion in 2015. In late 2012, China approved the division of Changan Ford Mazda into two new joint ventures, Changan Ford Automobile Co., Ltd. and Changan Mazda Automobile Co., Ltd. In January 2019, Mazda acquired Ford's stake in Changan Ford Mazda Engine Co., Ltd. & renamed the company Changan Mazda Engine Co., Ltd., which is now owned 50% by Mazda & 50% by Changan. Sales References Car manufacturers of China Ford Motor Company Ford Chinese companies established in 2001 Chinese companies disestablished in 2012 Vehicle manufacturing companies established in 2001 Vehicle manufacturing companies disestablished in 2012 2001 establishments in China 2012 disestablishments in China