Chang’an Automotive Group (additionally called Chang’an Motors and Chang’an auto) is an industrial producer in Chongqing, China. The takeover, between the 2 State-owned navy-turned-civil enterprises, would additionally involve AVIC’s elements company Harbin Dong’an Auto Engine Co, together with joint venture Harbin Dong’an Mitsubishi Automotive Engine Manufacturing Co, and Changhe Auto’s joint venture Changhe Suzuki Automobile Co.
In May, China’s six-largest automaker, Guangzhou Automobile Corp, the Chinese associate of Japan’s Honda Motor Co, Toyota Motor Corp and Italian automaker Fiat Auto SpA, paid 1 billion yuan for a 29-percent stake in Shanghai-listed SUV producer Changfeng Motor Co Ltd, turning into the first one to follow the government’s plan.
The automotive will depart Chongqing and arrive in Beijing — roughly the equal of driving from New York to Kansas City — in time for when the Chinese capital hosts its auto show subsequent month, based on Xu Liuping, Changan’s chairman and Communist Party secretary of the state-owned carmaker.
To speed up its growth, Changan also goals to start production in abroad markets comparable to Russia, India and Brazil, in keeping with Xu. The company is open to working with Tesla Motors Co. if it is fascinated with partnering to fabricate in China, … Read More