Changan Auto Full Acquisition Hefei Changan, Prepares for Market List

Last week, Changan Auto announces that the company will prepare about 440 million CNY to fully acquisition 100% stock of Hefei Changan Automobile Co Ltd after director of board approve. As it known, the acquisition aims production capacity increase. It will include Hefei Changan into market list asset, which will prepare for Changan Auto market list.

According to Changan Auto plan, it will have capacity shortage after year 2015. The acquisition is because of Hefei Changan owned 150 thousandcapacity production lines. After a simple adjustment and improvement, it will save about 1.2 billion CNY new plant building cost and solve Changan owned brand capacitylimitation.

As it known, Changan Auto will product Changan Benben Mini, CX 20 and Alsvin in Heifei Changan in the next 3 years. It will help to make sure key products capacity such as of CS35, Eado and Wondq XT. It improves the entire profitability of it owned passenger brand, and support its market performance for market listed company.