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.

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