Top stories of Changan Automobile in 2023
In 2023, Chinese automaker Changan Automobile demonstrated a robust market performance, with sales and profitability surpassing the industry average.
The company achieved steady growth in the two major areas of new energy vehicles and overseas expansion. Furthermore, Changan Automobile enhanced its competitiveness by seeking external collaborations in the fields of automotive intelligence and battery swapping technologies, addressing any shortcomings.
Photo credit: Changan Auto
Gasgoo conducted an annual review of key automakers and component companies. In this article, we will retrospectively examine the notable milestones and accomplishments that took place for Changan Automobile in 2023.
Chinese automaker Chongqing Changan Automobile Co., Ltd. ("Changan Automobile") reported an annual sales volume of 2,553,052 vehicles in 2023, representing an 8.82% rise year-on-year, according to the company’s announcement on January 9.
In December 2023, DEEPAL, Changan Automobile's new energy vehicle brand, achieved a delivery volume of 18,338 vehicles, marking a 13.5% month-on-month increase and an outstanding 57.4% year-on-year surge, as the company disclosed on January 2.
In a dedicated effort to advance the Project Shangri-La New Energy Development Plan and refine its industrial layout, Changan Automobile officially signed a Memorandum of Cooperation with Ganfeng Lithium, one of the world's top producers of the commodity used in electric vehicle, on December 22 in Ningbo city, Zhejiang province. This collaboration aims to accelerate the transformation of Changan Automobile into a leading intelligent, low-carbon mobility technology company.
Changan NEVO officially put its inaugural plug-in hybrid electric SUV, the Q05, onto the market on December 12, with a price range of 119,900 yuan to 149,900 yuan.
On December 10, AVATR announced the nationwide delivery launch of the AVATR 12, arriving gradually in 40 cities across 19 provinces in China.
AVATR Technology, the premium new energy vehicle company jointly backed by Changan Automobile, Huawei, and CATL, announced on December 12 that Changan Automobile's Party Secretary and Chairman, Zhu Huarong, assumes the role of Chairman at AVATR Technology.
On November 29, Changan Automobile saw its DEEPAL S07 and DEEPAL L07 right-hand drive models officially hit the Thai market at the 40th Thailand International Motor Expo.
Emphasizing a strong commitment to global growth, Deepal, the new energy vehicle (NEV) brand under Changan Automobile, plans to launch two all-new models next year, targeting a global annual sales volume of 450,000 vehicles by 2024, Deepal's CEO, Deng Chenghao, announced on Nov. 27 via his Weibo account.
On Nov. 27th, Changan Automobile held a brand launch event in Bangkok, Thailand, marking its determined business expansion in the Southeast Asian markets.
On November 24, Changan Automobile saw the first standard cell under the "Golden Shield" ("Jin Zhong Zhao" in Chinese Pinyin) brand roll off the production line at the factory of CATL-Changan EV Battery Co., Ltd. ("CCEC"), marking a swift progression following the automaker's unveiling of its new battery plan and the Golden Shield battery brand at the Auto Guangzhou 2023.
On November 25, Changan Automobile and Huawei signed an "Investment Cooperation Memorandum", under which Huawei is set to establish a new company, focusing on the R&D, production, sales, and services of intelligent driving systems and incremental components for intelligent connected vehicles (ICVs).
On November 21, Changan Auto and NIO signed a cooperative agreement in Chongqing city on battery swap-related businesses. This groundbreaking collaboration aims to establish battery swap standards, facilitate the construction and sharing of battery swap networks, engage in joint R&D of battery-swap-enabled vehicle models, and implement an efficient battery asset management system.
The 21st Guangzhou International Automobile Exhibition, which was inaugurated on November 17, 2023, witnessed a significant stride as Changan Auto unveiled its battery business development plan, marking a solid step towards transforming into a technology company for intelligent and low-carbon mobility under the Shangri-La Plan dedicated to new energy vehicle business.
On November 10, AVATR, the premium new energy vehicle brand jointly developed by Changan Automobile, Huawei, and CATL, officially inaugurate the global market launch of its intelligent luxury sedan, the AVATR 12.
On November 8, Chinese automaker Changan Automobile held a groundbreaking ceremony for its Thailand manufacturing base in Rayong, Thailand.
On November 6, Changan Mazda announced a strategic partnership with ThunderSoft, a Chinese software company specializing in intelligent cockpits and smart connectivity solutions.
Chongqing Changan Automobile Co., Ltd. (Changan Automobile) released impressive performance report for the third quarter (Q3) of 2023 with an operating revenue of 42.714 billion yuan, marking a substantial 48.43% surge year-on-year.
On October 23, Changan Mazda Automobile Co., Ltd. (Changan Mazda) and TINNOVE (Phoenix Auto Intelligence Co., Ltd.) inked a strategic cooperation agreement, setting the stage for deep collaboration in various areas, including big data applications and in-car app development.
AVATR, the new energy vehicle brand jointly backed by Changan Automobile, Huawei, and CATL, announced on Monday the gradual roll out of its map-free Navigation Cruise Assistance (NCA), an advanced smart driving system that operates independently of high-definition maps, enabling nationwide accessibility.
On October 7, Chinese legacy automaker Changan Automobile announced the appointment of Klaus Zyciora as Vice President with a specific focus on global design.
On September 25, as part of its internationalization strategy, Chinese automaker Changan Automobile held a signing ceremony with its Thai dealers and an executive study camp at its Global R&D Center.
On September 22, Deepal, the new energy vehicle brand under Changan Automobile, announced its cumulative sales have surpassed 100,000 units in just 14 months after the launch of its first model.
Changan Automobile, the renowned Chinese legacy automaker, hosted the "2023 Changan Auto Tech Ecosystem Summit" and introduced the results of the company’s leap into smart mobility.
Chinese automaker Chongqing Changan Automobile Company Limited (Changan Automobile) saw a double-digit year-on-year growth in both semi-annual revenue and net profit, according to its report released on August 30.
On September 5, AVATR, the premium new energy vehicle brand jointly developed by Changan Automobile, Huawei, and CATL, officially unveiled its the luxurious AVATR 12 sedan at the IAA MOBILITY 2023.
On August 31, AVATR, the premium new energy vehicle brand jointly backed by Changan Automobile, Huawei, and CATL, announced the successful completion of its B round financing with 3 billion yuan secured.
On August 27, Changan Automobile officially launched the "Qiyuan" brand new energy vehicle (NEV) brand, completing the automaker's NEV layout alongside the existing Deepal and AVATR brands.
On August 16, AVATR, the premium new energy vehicle brand jointly developed by Changan Automobile, Huawei, and CATL, has emerged as the first automotive brand to integrate CATL's game-changing Shenxing Superfast Charging Battery into its lineup.
On August 16, Chongqing Changan Automobile Co., Ltd. (Changan Automobile) and Baidu formed an in-depth partnership targeting such fields as cloud computing, artificial intelligence (AI), big data, and the Internet of Things (IoT).
DEEPAL, Changan Automobile's dedicated new energy vehicle brand, announced on August 16 a significant partnership with Huawei, solidifying its commitment to technological innovation.
On August 11, China’s Anti-Monopoly Enforcement Bureau of the State Administration for Market Regulation has revealed that Changan Ford Automobile Co., Ltd. ("Changan Ford") intends to establish a new joint venture with Chongqing Changan Automobile Co., Ltd. ("Changan Automobile").
On the first day of August, Changan Ford, the joint venture between Changan Automobile and Ford Motor Company in China, announced the official takeover of the operation of Ford Mustang Mach-E in the Chinese market, starting the same day.
On July 11, Changan Automobile and Tencent signed an agreement to deepen their strategic cooperation. The two sides will strengthen their partnership in multiple areas to jointly promote higher quality digital transformation and help Changan Automobile expand overseas markets.
On June 30, DEEPAL, Changan Automobile's new energy vehicle brand, held a brand strategy launch event and the large-scale delivery ceremony of the DEEPAL S7.
According to Qichacha, a Chinese corporate database, CATL Changan Power Battery Co., Ltd. (referred to as “CATL Changan”) was incorporated on Jun. 28 with a registered capital of 1.5 billion yuan.
DEEPAL, the new energy vehicle brand under Changan Automobile, recently announced the establishment of a new joint venture with StarPower Semiconductor.
Chinese legacy automaker Changan Automobile recently disclosed during an investor inquiry session its accelerated strategic plan to expand into five major regional markets, including Europe, the Americas, the Middle East and Africa, Asia-Pacific, and the Commonwealth of Independent States (CIS).
Chongqing Changan Automobile Co., Ltd. ("Changan Automobile") and Zhejiang Geely Holding Group (“Geely Holding”) signed a strategic cooperation framework agreement on May 9.
On April 27, Chinese major automaker Chongqing Changan Automobile Co., Ltd. (Changan Automobile) released its financial report for the first quarter of 2023, which showed a two-digit year-on-year soar in net profit attributable to shareholders.
On March 16, Changan Automobile announced that its Changan Lamore (Yida) sedan will be the first mass-produced model in China to carry Baidu's ERNIE Bot AI technology.
On March 23, AVATR, the new energy vehicle maker backed by Changan Automobile, Huawei, and CATL, announced it inked a cooperation agreement with Huawei Software Technologies Co., Ltd. (Huawei Software) for cloud services.
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