Company overview
Haima Automobile Co., Ltd. was founded in 1992 as a joint venture between the Hainan provincial government and Mazda. The initial purpose was to produce Mazda vehicles for sale in China. From 2006, FAW Group acquired Mazda’s share of the venture, and Haima continued production. In 2012, annual production capacity reached approximately 400,000 vehicles. In 2013, Haima sold 157,242 passenger cars in China, ranking it as the 28th largest-selling car brand. In July 2021, FAW transferred 49% of its shares in FAW Haima to Hainan Development Holdings Co., Ltd. As of 2023, Toyota and Haima Automobile are cooperating on fuel cell vehicles and launched a car rental business in Hainan.
