China Automotive Industry Prepares For Consolidation
October 11th, the nationwide growth and Reform Commission Research Group in the growth and Reform Commission Director, get together secretary Xu Shaoshi led the Changan car research. In order to cut back the hole in automotive area between the world and Changan and, with a purpose to increase rapidly our R and D capability and manufacturing ability, Changan has arrange one representative workplace in Turin – Italy in August of 2003.
The brand value of ChangAn also rose to RMB eight.02 billion in 2004 from 2.5 billion in 1998. The model value of ChangAn additionally rose to RMB 8.02 billion in 2004 from 2.5 billion in 1998. The company has a historical past of 153 years, with 32 years’ expertise in automotive manufacturing. China’s oldest carmaker Changan Automobiles are planning to enter the Indian market in the next monetary yr. The new Changan CX70 SUV was unveiled on the 2016 Beijing Auto Show , looking clean in white with a shiny bling bling grille.
Headquartered in Chongqing, China, Changan has acquired lengthy-time period leases on 24,000 sq ft of house in three Parkside offices at Birmingham Business Park in Solihull. The new Changan CS95 SUV has been launched on the Beijing Auto Show , looking very good with robust boxy lines and a superb tremendous shiny grille.
The news follows unprecedented curiosity in Greater Birmingham and Solihull from potential Chinese traders, who’re keen to investigate schemes such because the HS2 terminals at UK Central in Solihull and Birmingham Curzon, and the creation of Birmingham’s new Smithfield quarter.
The takeover, between the 2 State-owned military-turned-civil enterprises, would additionally involve AVIC’s parts company Harbin Dong’an Auto Engine Co, together with joint venture Harbin Dong’an Mitsubishi Automotive Engine Manufacturing Co, and Changhe Auto’s three way partnership Changhe Suzuki Automobile Co.…China Automotive Industry Prepares For Consolidation Read More