Changan Automobile Global Partnership Conference
Targeting sales of 2.8 million units and release of 8 new NEV models in 2024
2024/02/14
- Summary
- 2023 sales volume reaches 2.55 million units; construction begins in Thailand on first overseas production facility
- Status of Changan and Huawei joint venture
- Analysis of challenges faced and future trends
- 215 Partnership Action: 2 major improvements, 1 major relationship, 5 new leaps
- 5 opportunities in 2024 (Competition / Markets / New products / Overseas / Transformation)
Summary
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| Changan Auto Global Partnership Conference 2024 (Source: Changan Automobile) |
On January 16, Chongqing Changan Automobile Co., Ltd. (Changan Automobile) held the 2024 Changan Auto Global Partnership Conference in Chongqing, China. At this event, Changan and its partners shared a review of business status and results, as well as outlook and strategies. This report is a brief summary of the presentations given at this year's conference.
Chairman Huarong ZHU announced that the number of vehicles sold by Changan Automobile 2023 grew by 8.8% year-over-year (y/y) to 2,553,000 units. Of this total, sales of its own-brand models were up 11.9% y/y to 2,098,000 units, while sales of NEVs (New Energy Vehicles: Battery Electric Vehicles (BEVs), Plug-in Hybrids (PHVs) and Fuel Cell Vehicles (FCVs)) were up 69.2% y/y to 481,000 units. Sales outside China were up 43.9% y/y to 358,000 units.
Changan Automobile set forth its "215" Partnership Action, and it will adhere to its "two Major Improvements (growth of both NEVs and conventional internal combustion engine (ICE) vehicles / growth of both the domestic and international markets)". The company will update "One Major Relationship (partnership relationship)" and realize "Five New Leaps (strategy driven / optimizing product deployment /strengthening innovation / building industrial ecosystems / facilitating user management)”. The sales target for 2024 is 2.8 million units, and 5 million units in 2030.
Related reports:
Chinese Market Q4 2023: Mercedes-Benz and BMW establish charging JV (Feb. 2024)
SAE China 2023 (4): NEV Drive Systems (Jan. 2024)
Shanghai International Carbon Neutrality Expo 2023: Low Carbon Transportation Forum (Jul. 2023)
Chinese OEM Overseas Expansion Activities: SAIC, Chery, Dongfeng, Changan (Jun. 2023)
Auto Shanghai 2023: Changan, GAC, JAC (May. 2023)
Changan Auto: Target Sales of 2.8M Units in 2023, Rolling Out Multiple Electric Powertrains (Mar. 2023)
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