Chongqing Changan

Summary

Chongqing Changan Automobile Company Limited, together with its subsidiaries, manufactures and sells automobiles, automobile engines, and supporting parts primarily in the People's Republic of China. The company products include passenger, sedan, MPV, SUV, cross-passenger, and EV cars. It offers its products under the Changan SHENLAN, Changan, Oshan, Kaicene, Avatr, Changan UNI, Changan Ford, and Changan Mazda brands. It also provides mobility, car services, battery swapping, and auto finance services. The company was founded in 1862 and is headquartered in Chongqing, the People's Republic of China.


History

Changan's early origins can be traced back to 1862 when Li Hongzhang set up a military supply factory, the Shanghai Foreign Gun Bureau. It is China’s oldest automobile maker. In 1937, during the Second Sino-Japanese War, the factory was moved to Chongqing when Shanghai was invaded and bombed.In 1959 a predecessor entity, Chongqing Chang'an Arsenal, under contract to the government, began auto manufacturing and built Changjiang Type 46 vehicle which was the first production vehicle of China. Changan introduced minicar by licensing from Suzuki.In 2009, Changan acquired two smaller domestic automakers, Hafei and Changhe. In 2013, Changhe was transferred to Jiangxi provincial government for restructuring, and later became a majority-owned subsidiary of another Chinese automaker BAIC Group.As of 2010, China Weaponry Equipment is the parent company of this state-owned automaker, and that year Chang'an became the fourth most-productive car manufacturer in the Chinese automobile industry by selling 2.38 million units.The company also released a new logo for its consumer offerings in 2010 while commercial production retains the former red-arch brand.Although it only allowed the company to achieve fourth place among domestic automakers in terms of production, Changan made over 2 million whole vehicles in 2011.In 2012, it was reported that 72% of production was dedicated to passenger vehicles, but this count likely conflates private offerings and microvans, tiny commercial trucks and vans that are popular in China.

In November 2012, Changan Ford Mazda Automobile was divided into two new joint venture companies: Changan Ford and Changan Mazda.Changan plans to cease production of vehicles powered solely by internal-combustion engines by 2025. The automaker will only sell plug-in hybrid vehicles and all-electric vehicles from 2025 as a result. The company stated that this is because Government of China announced that it has passed legislation that will ban new ICE-powered vehicles by the mid 2030s, due to high air pollution and due to China's reiterated commitment in the United Nations Paris Agreement as the automaker wants remain compliant with the government's automotive emission standards. The automaker is joining Volvo Cars, Jaguar Land Rover, Hongqi, BYD Auto, Lotus Cars, and several other automakers in planning on ceasing production of ICE-powered vehicles in the coming years.Changan said it plans to launch 21 electric cars in the 2021–2025 period, increasing its sales of that kind of vehicles to over 1 million units.


Mission

Changan is on a mission to build the vehicles that people want and need.


Vision

Seek to give back to the world that has given us so much.


Key Team

Mr. Mingxue Yuan (Exec. VP)

Mr. Benhong Tan (Exec. VP)

Mr. Fei Zhao (Exec. VP)

Mr. Pei Ye (Exec. VP)

Mr. Wei Chen (Exec. VP)

Mr. Dayong Yang (VP)

Mr. Tao Peng (VP)


References
Chongqing Changan
Leadership team

Mr. Deyong Zhang (CFO, Chief Accountant, Sec. & Director)

Mr. Mingcai Li (Exec. VP & Gen. Counsel)

Products/ Services
Automotive, Industrial Design, Manufacturing, Marketing, Product Design
Number of Employees
20,000 - 50,000
Headquarters
Chongqing, Heilongjiang, China
Established
1862
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
SZSE:000625
Wed Feb 28 2024
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