Haima

Haima is a Chinese passenger car maker based in Haikou on Hainan island. It began in January 1992 as Hainan Mazda Motor, a joint venture between the Hainan provincial government and Mazda that built Mazda models for the Chinese market, and the name Haima is both a blend of Hainan and Mazda and the Chinese word for seahorse. In 2006 FAW Group bought Mazda's share and the company became a FAW subsidiary, keeping the right to build older Mazda models and to use Mazda technology under its own designs while no longer using the Mazda name. Its range included the Family compact sedans, the Freema MPV, the M-series sedans, the S5 and S7 crossovers and the Fstar microvan. In July 2021 FAW transferred 49 percent of the shares of FAW Haima to Hainan Development Holdings.