Data showing that Changan Automobile sold 191,000 units in February, up 38.27 percent from the previous year, was made public on March 7. Among these, self-owned brand-new energy sales totaled 20,600 units, an increase of 103.38 percent over the previous year.
According to pertinent news, Changan Automobile reported a greater growth rate, with the aggregate sales of 8 domestic new forces reaching 87,100 units in February, a rise of 99% year over year. Nevertheless, compared to January, sales of new car models have climbed significantly, and the majority of automakers have seen monthly sales growth.
The company’s total sales from January to February of this year were 362,812 units, a 12.66% decline from the same period last year. Self-owned brands among them sold 309,424 units, a 7.55 percent decrease from the previous year. And 242,286 units of autonomous passenger vehicles were sold, an increase of 6.01% from the previous year. Self-owned brand sales abroad were 36,695 units, a 2.93% increase over the previous year.
Changan Automobile revealed the record of investor research activities on March 7, indicating that from the overall goal, in 2023, it will go all out to hit the annual target of 2.8 million units, ensuring that scale growth is more than 10 percentage points higher than the industry. By 2025, the group aims to sell 4 million vehicles, with Changan brand sales accounting for 3 million vehicles, new energy sales accounting for 35%, and overseas sales accounting for 15%. By 2030, the group aims to sell 5 million vehicles, with the Changan brand selling 4 million, with new energy sales accounting for more than 60% and overseas sales accounting for 30%.
Changan Automobile was given a buy rating by West China Securities in a research report released on March 8. Rating factors include: February performance was good, and new product introductions are expected to accelerate; New energy short-term fluctuation deep blue S7’s stunning appearance; Export year-on-year upward and optimistic growth of new energy.
Changan Automobile has made every effort to promote the implementation of the new energy strategy “Shangri-La Plan” and the intelligent strategy “Beidou Tianshu Plan” since the launch of its third entrepreneurship and innovation plan in 2017. Changan intelligent electric iDD, one of Changan Automobile’s three new energy power systems, will focus on user scenarios in 2023. The new UNI-V intelligent electric IDD and the new UNI-K intelligent electric IDD have been officially launched in terms of product planning. At the same time, the CS75PLUS and CS55PLUS intelligent electric IDD and other products will be put into the market at an appropriate time this year, and the classic products will be fully “intelligent electric”.
On the other hand, the new investigation into the electrification of the main brand of “Changan” will result in the creation of a new mainstream electric sequence – the OX series. The OX series will expand the mainstream EV layout, maximize the expansion scale, boost the primary brand value of “Changan,” and strive to seize new racetracks. By 2025, five completely new goods will be launched, with the goal of selling more than 800,000 units.
