Changan to invest 18b RMB over the next 10 years

Gasgoo.com (Shanghai March 10) - Changan has announced its development strategy for the next decade, the National Business Daily reported today. According to the strategy, Changan aims to sell 400,000 vehicles by 2020 and 2 million vehicles by 2025.

According to its strategy, Changan is looking to invest 18 billion RMB ($2.93b) in R&D, technology, supply chains and marketing. Chongqing-based manufacturer has set up its key R&D center in Beijing, with centers also build in the US and the UK. Changan aims to create a vehicle production chain spanning Chongqing, Beijing, Shenzhen and Baoding, Hebei.

Although Changan has announced its intent to have pure electric vehicles spearhead its new energy vehicle lineup, the manufacturer has also released hybrid electric platform technology. Changan’s pure electric and hybrid electric platforms will be used in both passenger and commercial vehicles.

Changan will pursue a three-step development routine in order to make its 2025 sales goal a reality. The manufacturer aims to release 34 brand new models before that time, with 27 of those being pure electric vehicles and the remaining ones being hybrids.