Changan invests RMB 4.79 billion to set up NEV production base in Jiangsu

Shanghai (Gasgoo)- Local media learned from the Environmental Protection Department of Jiangsu Province that Changan Auto will set up a manufacturing base in the province to build new energy vehicles. The total annual capacity of the new base will be 240,000 units and the output of the first phase will be 120,000 per year.

The automaker’s subsidiary in Nanjing will cover an area of 1.46 million square meters and the total investment is up to RMB 4.79 billion, of which RMB 3.47 billion is designated for the first phase. The base is slated to start production from 2020.

Zhang Baolin, chairman of Changan Auto, once revealed that Changan will complete the building of three platforms exclusive for new energy vehicles before 2020. The Chongqing-based automaker plans to launch 21 battery electric vehicle models, 12 plug-in hybrid electric models by 2025.

After the operation of the new base, Changan will make all-new compact electric cars, compact electric SUVs, high-performance electric coupe models and electric crossover SUVs. Currently, Changan has launched several new energy vehicle models such as Changan EADO EV, Changan CS75 PHEV.

Last year, Changan announced its Shangri-La Plan and said that it will start to ban the sales of traditional fuel-powered vehicles in 2025 and invest RMB 100 billion in new energy vehicle segment.