Manufacturing News

Changan's Eado compact electric sedan to go on sale Friday

Chongqing Changan Automobile Co. plans to launch sales of a compact electric sedan on Friday to gain a foothold in the country's fast-growing electric vehicle market, according to Chinese media.

The sedan, an electric version of Changan's gasoline-powered Eado, will hit the market with a starting price of 200,000 yuan ($31,920), reported the Chinese website Tencent.

The electric Eado qualifies for subsidies of 80,000 yuan from China's central and city governments, according to the website.

Powered by lithium ion batteries, the electric Eado has a range of 160 kilometers (99 miles) and a maximum speed of 140 kilometers per hour (87 mph).

Changan, headquartered in the southwest China municipality of Chongqing, makes sedans, SUVs, multipurpose vehicles and microvans. Last year, the company's sales of gasoline-powered vehicles jumped 39 percent to 770,000 vehicles.

The state-owned Chinese automaker also has joint ventures with Ford Motor Co., Suzuki Motor Corp. and PSA Peugeot Citroen.

Thanks to generous government subsidies, EV sales in China jumped 210 percent to 45,048 vehicles last year, according to the China Association of Automobile Manufacturers.

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