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Changan Auto gets $2.9m for hybrid car making

December 01, 2008
Shanghai, December 1 (Gasgoo.com) Chinese automaker Changan Auto has obtained a 20 million yuan ($2.93 million) government grant for its hybrid car subsidiary, Chongqing Changan New Energy Auto, said local media on Friday. The newly founded company will develop several hybrid models and launch them to the market by 2012.

After three years of preparation, the Chongqing Changan New Energy Auto was officially founded on November 27 in western Chinese city of Chongqing. China's technology minister Wan Gang attended the founding ceremony, at which he announced that China will put 60,000 new-energy vehicles into trial service by 2012 to reduce pollution and fuel imports. These vehicles will be used for the public facilities, postal services and others in 11 Chinese cities first.

Chongqing city has granted 20 million yuan to the local Changan New Energy Auto to help fund research into alternative energies for driving future vehicles. The company has registered capital of 29 million yuan, with Changan Auto Group holding 65% stake and the other 35% going to Chong municipality. More investment is expected to be injected into the company if its current talks with venture capital firms are fruitful.

Changan Auto Group started its project of setting up a new-energy auto company in June 2006 and registered this company two years later. Changan Auto joined the national "Project 863" in 1998 and has invested a total of 250 million yuan in the hybrid vehicle research, now leading the Chinese auto technologies from the complete auto to engine to hybrid power system. The new subsidiary will develop several hybrid models and launch them to the market by 2012.

The Chinese government will support automakers' research in the area through financial assistance and preferential policies, sci-tech minister Wan Gang said in Chongqing. The western Chinese city has purchased 10 hybrid cars made by Changan Auto and will buy more than 1,000 units from its new-energy auto maker in the next three years.

http://www.gasgoo.com/auto-news/1008566/Changan-Auto-gets-2-9m-for-hybrid-car-making.html
 

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Changan Auto launches minicar, MPV in Malaysia.

China's Changan Automotive Co. on Monday launched a minicar and a seven-seater multipurpose-vehicle (MPV) in Malaysia, marking its debut in Southeast Asia.

Changan is the third China carmaker after Chery Auto Group and Geely Automotive to enter Malaysia, which is the region's largest passenger car market.

Tony Khor, Chief Executive of Changan Berjaya Auto, said the Era CV6, an egg-shaped minicar, and the Era CM8 family size multipurpose vehicle are affordable vehicles targeted at first-time buyers and those looking for a second car.

Changan Berjaya, which is part of the Berjaya Group, is the exclusive assembler and distributor of Changan cars in Southeast Asia.

Khor said both cars, priced from 36,000 ringgit (US$10,141) with 1.3 liter engines, have been refined for the Malaysian market to be safer and more attractive.

"Although there is an economic slowdown, we are confident. It's a good time for us to introduce a small and entry-level car because people will downgrade," he said. "There are long term plans for Malaysia, which will become Changan's right hand drive hub for the region."

Khor said Changan Berjaya hopes to sell 3,000 units of the CV6 and 2,000 of the CM8 this year. It also aims to export some 5,000 of the cars to Southeast Asian countries including Singapore, Brunei, Indonesia and Thailand, he said, but gave no details on when this will be.
Changan Auto '08 sales hit 862,000 vehicles.

China's state-run Changan Automobile Co announced it sold 862,000 vehicles in 2008, with Changan mini-bus sales reaching 362,000 units, sina.com said today.

Changan Auto director Xu Liuping announced the result at the company's 2009 marketing and sales conference.

In 2009, Changan Auto aims to sell 500,000 Changan mini buses, up 30% over 2008, Xu disclosed.

Changan Auto reportedly will boost sales of its all-new mini-bus products, such as Changan Star II, Changan Star S460 and Changan Xingguang 4500.
January 20, 2009, Gasgoo.com
 

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Changan Auto plans to invest $80 mln in S. Africa

July 15, 2009
Chinese state-owned automotive manufacturer Chana Auto Company (Changan Auto) has decided to invest US$80m in South Africa over the next five years to set up a production facility in the country.

Business Report, citing Yang Qing, the general manager of Chana International, says this investment will be spread over three phases, with the assembly plant forming the final phase. The location for the plant, however, has not been finalised yet.

The planned facility will have annual output capacity of more than 50,000 vehicles, and will create around 1,000 jobs in all. The plant will, however, be set up only when the OEM has a 4% share of the local automotive market. The company plans to turn the facility into a base for build of its right-hand drive (RHD) models.

Meanwhile, Changan Auto will focus on boosting sales through the establishment of a company to promote sales in South Africa, the report says. It will also establish a vehicle finance company, in association with China Construction Bank, Absa and WesBank.

The economic downturn has had a significantly negative impact on Changan's fortunes in South Africa. Monthly sales at the OEM fell from 400 units mid-2008, down to 100 units at present. The number of its dealers in the country has, as a result, been cut from 50 to 20.

From:Automotive World
 

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Output and sales of Changan over 1 million units in 2009



The output and sales of Chana Auto Co. Ltd (Changan), reached over 1 million units in the first three-quarters of this year, Changan said yesterday. The output and sales of the independent brands of the company made up two-thirds of the total sales.
The figures show that Changan has become the fourth company to reach output and sales of over 1 million units. The other three companies are China FAW Group Corporation (FAW), Shanghai Automotive Industry Corporation (Group) and Dongfeng Motors. The three companies are cooperation companies.
Sales of Changan reached 1.03 million units in the first three-quarters, up 50.14 percent year-on-year, and it is nearly 16 percent higher than...
 

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Changan to make Ford car under own brand

Chongqing Changan Automobile (000625.SZ) is in talks with partner Ford Motor (F.N) to produce a mid-sized car in China using Ford technology but carrying a Changan brand, as they move to take their partnership to a new level, two sources said on Monday.

Changan, one of China's top state auto groups but which lags in its own brand sedans, has been making Focus, Mondeo, Fiesta and other Ford models in a three-way tie-up with the Detroit automaker and Mazda Motor (7261.T).

The initiative, if it goes ahead, would mark a breakthrough in their partnership and pave the way for more, mutually beneficial deals in the years to come, sources said.

"Ford CEO Alan Mulally met Changan Chairman Xu Liuping during his trip to China in March. They had in-depth talks on ways to bring their cooperation to the next level," one source with direct knowledge of the matter told Reuters.

One option both partners are seriously considering would see Changan making a mid-sized sedan based on a Ford platform in its own production base in Nanjing, close to Shanghai, said a second source who was briefed on the matter.

The sedan will be sold under Changan's name, but will be priced lower than the comparable Ford model to avoid direct competition. Ford will then get a sizeable share of the proceeds, both sources said.

It is unclear at this stage which of Ford's car models will be made at Changan's Nanjing production base, both sources said.

Changan's spokesman declined to comment, while Ford's China spokesman, Craig Von Essen, said it was "market speculation".

GIVE AND TAKE

The partnership between General Motors [GM.UL] and SAIC Motor (600104.SS) has long been touted as the most successful tie-up in the Chinese auto industry, allowing both to make a breakthrough in China and elsewhere.

Ford, a relatively latecomer to China, now the world's biggest auto market, is also looking at options to expand its partnership with Changan Auto beyond the terms of the current joint venture. [ID:nN24159793]

"The Changan deal may not add much value to Ford's only brand in the short term, but it could be the first step toward a wider and deeper relationship like GM and SAIC," said Huang Zherui, an analyst with global industry consultancy CSM Worldwide.

Currently, Changan has been competing mostly with indigenous players in the lower-end passenger car segment, leaving the more lucrative medium-to-higher market segment to locally-built Buick, Accord, Camry and Passat models.

SAIC is virtually the only local automaker that has made some inroads in that segment with its Roewe and MG sedans.

FAW Group, a Volkswagen (VOWG.DE) and Toyota Motor (7203.T) partner, has also been making mid-size Besturn, based on the Mazda 6 platform.

Access to Ford's technology could raise Changan's profile and put it on par with its domestic rivals, industry observers said.

http://www.reuters.com/article/idUSTOE65606Z20100607
 

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Changan to make own brand high-end car with new logo

August 25, 2010
China's Chang'an Automobile Group revealed to the media that in order to get rid of its low-end brand image for poor quality and low price, Changan Group has decided to make an own brand high-end vehicle.

It is reported that the incoming high-end model is an extension of the current Changan brand, but its operation mode will be different. General manager assistant of Changan Group told the reporter that the high-end model will use a new logo and its market position will be higher than the Benni, Alsvin and even SAIC's Roewe 550.

Xu Liu ping, president of Changan Group said that not only will the high-end brand boost Changan's existing brand image, but will cement its position as the first car camp at home.

Changan Group had a fast expansion last year due to the restructuring of Aviation Industry Corperation of China and a JV with Peugeot Citroen. Despite of which, Changan Group expressed that developing self-owned brand is its first priority.

Changan Motor has established R&D institutions in Chongqing, Shanghai, Beijing, Harbin, Jiangxi, Turin (Italy) and Yokohama (Japan).

Xu said that Changan Motor aims to sell three million vehicles in 2015, and in 2020, that figure will be five million units.

http://autonews.gasgoo.com/china-ne...brand-high-end-car-with-new-lo-5-100825.shtml
 

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Changan to establish R&D center in Michigan

Changan Automobile Co. Ltd. – China’s fourth largest automaker – has announced plans for a research and development center in Plymouth Township, Michigan. The projected was spurred by tax incentives provided by the Michigan Economic Growth Authority.

Changan didn’t give a move-in date for its new R&D facility, but the project will create 161 new jobs. The Chinese automaker was considering locations in Ohio, California and China, but the Michigan Economic Growth Authority won Changan over with a tax incentive deal worth $1.7 million over seven years.

“As we work to foster business opportunities across a wide spectrum of sectors, we’re using every tool in our economic development arsenal to leverage the kinds of public-private partnerships — like the ones announced today — that attract investment and create jobs for Michigan workers,” said Michael Finney, president of the Michigan Economic Development Corp.

Changan currently has a joint-partnership in place with Ford.

http://www.leftlanenews.com/chinas-changan-to-establish-rd-center-in-michigan.html
 
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