Changan aims to sell 2m new energy vehicles in 2025

Gasgoo.com (Shanghai March 25) - Changan Automobile has publically announced its development plan for its new energy vehicle business for the upcoming decade earlier this month. The announcement comes after a nearly 13 year silence on the manufacturer’s part. In the plan, Changan stated its commitment to achieve annual new energy vehicle sales of 2 million units by 2025.

Changan’s recent announcement may very well have been motivated by the recently concluded National People’s Congress summits, where new energy vehicles were a major talking point. Premier Li Keqiang specifically pointed out the importance of promoting new energy vehicles as a way to control automobile emissions.

To this end, Changan has announced its goal to release 34 new energy vehicle models over the next ten years, 27 of which will be pure electrics and the remaining seven plug-in hybrids. Among the lineup will be 12 pure electric commercial vehicles, 6 pure electric minivans, 2 pure electric SUVs and seven pure electric sedans. Prior to achieving its 2 million new energy vehicles sales goal in 2025, Changan first aims to sell 400,000 new energy vehicles in 2020.

Xu Liuping, Changan’s former chairman, explained the manufacturer’s resolve in detail: “Our new energy vehicle plan does not merely consist of releasing a few new models; more importantly, it is mark a rare opportunity for Changan and other own brand manufacturers to close the gap with the multinational giants.”

To achieve its goal, Changan will invest 18 billion RMB ($2.93b) in strengthening R&D, technology, supply and marketing operations. Changan has set up its key R&D center in Beijing, with plans to also build centers in the US and the UK. The manufacturer aims to create a vehicle production chain spanning Chongqing, Beijing, Shenzhen and Baoding, Hebei.