Haima is an abbreviation of Hainan–Mazda, descended from the Hainan Auto Works, which had become part of the First Automobile Works (FAW). It began building cars under licence from Mazda—when the company became Haima—and the Japanese firm held a 17·5 per cent stake. However, when Mazda wound up with three partners in China, the government intervened, saying the firm could not have that many, and cooperation with Haima came to an end. Today, the Hainan firms are owned by FAW (49 per cent), Hainan Auto Group Corp. (49 per cent) and the Hainan Provincial Government (2%). In 2007, Haima absorbed Zhengzhou, a firm in Henan province which had been building small vans and a pick-up truck, and had plans for a small, entry-level microcar. Despite ending cooperation with Mazda, Haima models still have Mazda-like styling.