- Home >> Features >> Technology
Chinese state-run automaker Changan Automobile plans to list EV unit
- Monday | 17th May, 2021
BEIJING (Reuters) – Chinese state-run automaker Chongqing Changan Automobile plans to list its electric vehicle (EV) unit on Shanghai’s Nasdaq-style STAR Market, three sources briefed on the matter said, to fund a rapid expansion of its business. Changan, based in the southwestern city of Chongqing, holds 48.95% of the unit, which makes entry-level and mass-market electric vehicles. This year Changan units plans to sell more than 70,000 electric cars. Parent Changan group makes gasoline and electric cars through partnerships with Ford Motor Co and Mazda. (Reporting by Yilei Sun and Tony Munroe; Editing by Tom Hogue)Related article: Is China’s Huawei planning to make electric vehicles under its own brand?
If You Like This Story, Support NYOOOZ
Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.
