Changan Auto to build 8 plants abroad for global expansion

Shanghai, April 17 (Gasgoo.com) On April15, the chairman and president of Changan Auto told Chongqing evening news that the Chinese carmaker has been eyeing the overseas market, intending to build eight plants abroad.

It is reported that Changan Auto has already chosen South Africa, Pakistan, Algeria, Brazil and three other overseas markets at present for its global expansion. It plans to construct an assembly facility and to rank Changan the top brand locally. Besides, Changan Auto will also establish the fourth R&D Institute in Japanese city of Yokohama in the near future.

Sources said that Changan Auto will launch CM9, CM10 and some other own-brand new models in 2008. Changan Auto is now researching and developing mid-class and luxury sedans, the MPV vehicles and all-terrain vehicles, with emissions from 0.8 to 2.2 liters. It also aims to expand the production capacity from present 100,000-120,000 units to 400,000 units.