China isn’t the only market where carmakers are currently expanding. Mazda, for example, is already producing the Mazda2 in Vietnam and will also produce the Mazda2 and Mazda3 in a new factory it is building in Mexico.
Today, the Japanese company announced that it has signed a Memorandum of Understanding (MoU) with OJSC Sollers for the establishment of a new joint venture plant in Russia.
OJSC Sollers is one of Russia’s biggest companies in the fields of vehicle production, distribution and servicing, while Russia is Mazda’s second biggest market in the European region.
Moreover, the Hiroshima-based automaker is rapidly increasing its sales in the local market. In the first nine months of the year, Mazda delivered 28,000 cars in Russia, an increase of almost 77% compared to the same period in 2010.
The new plant will be located in Vladivostok, in Russia’s Far Eastern Federal District, and will manufacture several (still unspecified) Mazda models that will be sold to the Russian market.
