Segment Y : Haima introduces sub-compact M3 sedan in the Philippines

Headlines 20 Nov 2013
›	Shanghai-Volkswagen makes 10 millionth vehicle
›	Dongfeng Peugeot 301 to grab market share in China
›	BMW plans on changing sales region, regional manager
›	Hyundai Mistra launched in China
›	Jiefang Anjie long head heavy trucks rolled out in China
›	Weifang to build world's largest rear wheel product base

A new Chinese subcompact sedan has entered the Philippine market.

The new Haima M3 which is distributed by Haima Automobiles Philippines, boasts about the A-segment car platform developed by Haima Automobile's Shanghai R&D Center. According to the distributor's press material, it took Haima engineers three years to design this model.

Haima Automobile Philippines, incidentally, is a part of the Laus Auto Group. "Haima," is a brand name derived from combining "Hainan" and "Mazda." Haima, as you may have guessed, had started life as a joint venture between the Japanese automaker and the Hainan government in China.

Touted as a 'new-generation' car, the M3 (we imagine this sounds nauseating to BMW fans) is powered by a 112 HP and 147 Nm variable-valve-timing engine whose displacement we couldn't find on the company's official website.

The only variant which is available now is the M3 Comfort 699, offered with an introductory discount of PH 30,000 (US$ 688.5) and priced at PH 669,000.