The Changan Automobile or Chang’an Automobile Co., Ltd. is a Chinese state-owned automobile manufacturer headquartered in Jiangbei, Chongqing. Founded in 1862, it is the oldest automobile manufacturer in China. Changan Ford Mazda Automobile was split into two new joint ventures: Changan Ford and Changan Mazda. Changan plans to stop producing vehicles powered solely by internal combustion engines by 2025. As a result, the car manufacturer will sell only plug-in hybrid vehicles and fully electric vehicles from 2025.
The company said this is because the Chinese government has announced that it has passed legislation that will ban new ICE-powered vehicles by the mid-2030s, due to high air pollution and because of China’s re-commitment to the United Nations Paris Agreement. as the car manufacturer wants. stay in compliance with the government’s automotive emissions standards. The automaker joins Volvo Cars, Jaguar Land Rover, Hongqi, BYD Auto, Lotus Cars and several other automakers in planning to phase out ICE-powered vehicles in the coming years.
Changan said it plans to launch 21 electric cars between 2021 and 2025, boosting its sales of such vehicles to more than 1 million units. Changan has also been developing high-end electric vehicles under the Shenlan brand since 2022, with the brand’s first vehicle, the SL03 codenamed C385, under development. The group previously launched another premium electric vehicle brand called Avatr in late 2021 in collaboration with Huawei and CATL.
|Stock price||000625 (SHE) CN¥13.13|
|Literal meaning||Chongqing Chang'an Automobile Joint-stock Limited Corporation|
|Parent organizations||China South Industries Group, Jiangling Motors Corp|
|Subsidiaries||Hafei, Changan Ford, Changan Mazda|