Manufacturing News

Changan Auto to invest 18 billion yuan to launch 34 EVs, plug-in hybrids

Changan Automobile Co. plans to introduce 34 electric and plug-in hybrid vehicles by 2025 to carry out the Chinese government's call to speed development of green vehicles.

Twenty-seven of the vehicles will be EVs and seven will be plug-in hybrids, the state-owned automaker announced last week during an EV show in Beijing. Changan plans to invest 18 billion yuan ($2.8 billion) over the next decade to develop and bring the vehicles to market.

In September, Chinese Premier Li Keqiang urged Chinese automakers to accelerate development of EVs and to build more battery-charging stations.

Changan said its future lineup of EVs and plug-in hybrids will include 12 microvans, seven sedans, six multipurpose vehicles and two SUVs. The company did not disclose additional details about the vehicles.

The company currently sells only one green model: an electric version of its Dado compact sedan. Powered by lithium ion batteries, the Dado EV has a range of 200 kilometers and a maximum speed of 140 km per hour.

In the first nine months of this year, Changan sold 2,762 electric Dados.

Two other state-owned automakers, SAIC Motor Corp. and Guangzhou Automobile Co., also revealed plans last month to expand their EV lineups.

SAIC said it will develop more than 30 EVs and plug-in hybrids, while GAC will introduce two EVs, three plug-in hybrids and one conventional hybrid electric car.

In China, only EVs, plug-in hybrids and fuel cell powered vehicles qualify for government subsidies. Conventional hybrids do not.

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