Changan names new chairman to lift sales

Shanghai (Gasgoo)- On Sept. 21st, Changan Auto, a state-owned auto enterprise, announced a new chairman. Zhang Baolin, Changan’s deputy chairman was named chairman to be responsible for Changan’s development, manufacturing and marketing, etc . This is the latest major shake-up after the former chairman, Xu Liuping, became FAW chairman in August and Tan Benhong was promoted to vice president.

Since the beginning of this year, Changan’s sales performance is not that satisfactory. According to its public data, Changan sold 1,429,511 new cars in the first year, only accounting for 43 percent of its annual target, which is 3.3 million units. However, the first two months of the second half year continually saw the falling of sales. Its July sales was 161,468 units, dropping 15.76 percent year on year. Even though its August sales grew 27 percent month on month, it also fell compared with the same month of last year.  

As a result, the new chairman’s top priority is to reverse the downward trend. The personnel change may push Changan’s development and maintain its stability.