Changan Auto: Targeting Sales of 5 Million Units in 2030 Smart Strategy announced; deepening partnership with Huawei Summary Strategic plan: Sales target of 3 million units and exports of 1 million units in 2025 Electrification: Installation of solid-state batteries in 2030, deepening partnership with CATL Intelligent: Achieving L3 autonomous driving capability by 2026, deepening partnership with Huawei Changan Auto Group’s sales volume in Chi...

Market & Tech Reports  Updated at: 2025/03/12

related to China's automotive industry (Q4 2024) BYD’s 10 millionth NEV rolling off the line(Source: BYD)   The China Association of Automobile Manufacturers (CAAM) announced on January 13, 2025, that 2024 vehicle sales volumes in China increased 4.5% compared to 2023, to 31.436 million units. Of this total, passenger car sales increased 5.8% year-over-year (y/y) to 27.563 million units and commercial vehicle sales increased 3.9% y/y ...

Market & Tech Reports  Updated at: 2025/01/28

Chinese OEM Overseas Expansion Activities: Chery, Changan Chery maintains top position in export volume; Changan building first overseas plant in Thailand Summary Chery: Exports to average 90K+ units per month in 2024, with KD plants built in various regions Changan: Announces overseas strategy, to start operations in Thailand in Q1 2025 Export of various Chery brand vehicles (Source: Chery)   According to a report by the China Associat...

Market & Tech Reports  Updated at: 2024/11/25

ion of Automobile Manufacturers (CAAM). The Group is a wholly owned subsidiary of China Automotive Systems, Inc. (CAAS).   CAAS was listed on the NASDAQ exchange (CAAS, China Automotive Systems, Inc.) in 2004, and its subsidiaries are located in seven provinces (cities) in China, as well as in the United States, Italy, Brazil, Sweden, India, Russia, and other countries. The Group's core businesses cover areas such as steering system components, ...

Market & Tech Reports  Updated at: 2024/09/27

Chinese Market H1 2024: New Vehicle Sales Exceed 14M Units, NEVs 4.9M BYD up 28.5% to 1.6M units, non-Chinese OEMs struggle, and exports increase Summary New vehicle sales in H1 2024 up 6.1% y/y to 14,045,000 units Sales by Group: SAIC's share is 12.7%, BYD 11.5%, and Geely in the top 5 Market share by vehicle type: SUVs at 45.0%, commercial vehicles steady Passenger car market: Chinese automakers have 62.5% share; BYD leading with 1,607,000 unit...

Market & Tech Reports  Updated at: 2024/08/20

Auto China 2024: Changan, GAC, and JAC Changan Qiyuan E07, GAC's 2nd generation AION V, JAC and Huawei's co-developed MPV, etc. Summary Changan Automobile: Renewing its commercial brand, accelerating electrification, showcasing a variety of brands GAC Group: Announces new action plan and unveils the second-generation Aion V global strategic model JAC Group: Unveils De-Fine technology vision concept vehicle, Launch of Refine RF8 MPV with Huawei ...

Market & Tech Reports  Updated at: 2024/06/21

r the theme concept of "The Mobility of Joyful Experiences". The event was organized by Grand Prix International PCL (GPI) with an investment amount of over THB 300 million (approximately USD 8.3 million).   International automotive brands joining this event included Aion, Audi, Bentley, BMW, BYD, Changan, Ford, GWM, Honda, Hyundai, Isuzu, Jeep, KIA, Lexus, Lotus, Maserati, Mazda, Mercedes-Benz, MG, MINI, Mitsubishi, Neta, Nexpoint, Nissan, Peug...

Market & Tech Reports  Updated at: 2024/04/26

Changan Automobile Global Partnership Conference Targeting sales of 2.8 million units and release of 8 new NEV models in 2024 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 (Compe...

Market & Tech Reports  Updated at: 2024/02/14

echnology Seminar (Dec. 2023)SAE China 2023 (2): High Power Charging and Coordinated Charging (Nov. 2023)SAE China 2023 (1): Commercial Vehicle Carbon Neutrality Technology Roadmap 1.0 (Nov. 2023)Chinese Market Q3 2023: Non-Chinese OEMs Strengthen R&D (Nov. 2023)FAW: NEV Sales to Reach 1.45 Million Units in 2025 (Sept.2023)2023 China Auto Forum: NEV Development Activities and Strategies (Aug. 2023)Changan Auto: Target Sales of 2.8M Units in 2023,...

Market & Tech Reports  Updated at: 2024/01/17

nsportation, circular economy, low-carbon services, and exploration and practice. In the low-carbon transportation sector, the "2023 Shanghai International Low Carbon Smart Mobility Exhibition (Green and Smart Auto Shanghai 2023)" was held in parallel, with exhibitors including SAIC, FAW, Dongfeng, Changan, Geely, Great Wall, BYD, NIO, Hozon Auto, Tesla, VW, BMW, GM, Nissan, etc., and suppliers such as Bosch, FORVIA, Valeo, and Webasto.   During...

Market & Tech Reports  Updated at: 2023/07/11

since gaining market share depends on how much investment can be made, the main battery manufacturers continue to expand their business performance. Overall, there is relative stability in the context of rapidly growing battery demand, as smaller and mid-sized battery manufacturers also have opportunities for growth through technology and other breakthroughs.   However, there is a strong possibility that the structure of the battery industry wi...

Market & Tech Reports  Updated at: 2023/06/23

s, SAIC VW, and SAIC-GM. Nearly half of these were NEVs. The total exhibition area exceeded 20,000 square meters.   The Chery Group announced a number of NEVs under four brands: Chery, Jetour, Exeed, and iCAR. The Exeed luxury brand unveiled its Sterra product series. Chery plans to export 500,000 units by 2025, and also exhibited its Omoda and Jaecoo brands to accelerate its globalization.   Related Reports: Auto Shanghai 2023: Electric Vehic...

Market & Tech Reports  Updated at: 2023/06/05

Auto Shanghai 2023: Changan, GAC, JAC Changan exhibits Deepal model; GAC announces its NEXT plan and first PHV; JAC unveils new brand Summary Changan Automobile: Announces overseas strategy, showcasing the Deepal S7 GAC Group: Announces NEXT plan, stands firm on xEV and intelligent technology path, unveils Trumpchi E9 PHEV MPV JAC Group: Debut of the Yiwei 3 compact car and QX PHEV; RF-M concept car under the Refine brand announced Popular...

Market & Tech Reports  Updated at: 2023/05/17

Changan Auto: Target Sales of 2.8M Units in 2023, Rolling Out Multiple Electric Powertrains Expanding R&D investment, building overseas bases, and promoting transition to low-carbon Summary Strategic plan: Sales target by 2030 of 5 million units, NEVs over 60%, and overseas volume 30% Electrification: Sales of own-brand NEVs soar; multiple EV, HV, FCV lines being promoted simultaneously Intelligent: More than 30 intelligent connected products to ...

Market & Tech Reports  Updated at: 2023/03/06

Changan Auto: A low-carbon smart mobility technology company to sell 4.5 million units in 2030 Investing CNY 70 billion in R&D of new tech. between 2021-2025, increasing NEV sales to 35% by 2025 Summary Overview of Changan Automobile Group: Sales volume exceeded 2 million units in 2020, 3/4 of which was its own brand vehicles Accelerating the transformation to a low-carbon smart mobility technology company Research and Development: MPA architectu...

Market & Tech Reports  Updated at: 2021/10/11

2021 H1 China market: New vehicle sales up to 12.88 million units, NEVs reach 1.21 million units Chinese automakers increase share; top selling NEV Hongguang MINIEV ranks in top three Summary Sales in the first half of 2021 increased by 25.9% y/y to 12.88 million units Sales volume by group: FAW and Changan steady as SAIC's market share drops below 20% Market share by vehicle type: SUVs continue to do well, trucks exceed 2 million units Passenger...

Market & Tech Reports  Updated at: 2021/08/17

Chinese market Q2 2021 (1) : Activities of China's state- and privately-owned OEMs SAIC goes high-tech, FAW expands its production sites, Great Wall aims for 4 mil. units in 2025 Summary Trends in China's Automotive Market (2021 Q2) State-owned OEMs (2021 Q2) Privately-owned OEMs (2021 Q2)   According to an announcement by the China Association of Automobile Manufacturers (CAAM) on July 9, production volume in the January-June period of 2...

Market & Tech Reports  Updated at: 2021/07/15