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 …
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