Baku, Azerbaijan, June 20
By Fikret Dolukhanov – Trend:
A planned car assembly facility of Changan Automobile Group, to be built in Fergana region of Uzbekistan, will manufacture electric cars only, a source in the Chinese company told Trend.
The company representative reminded that Changan launched Shangri-La program at the end of 2017 to stop production of fuel cars by 2025.
“New energy vehicles will be the future development direction. Many countries already announced dates of introducing a ban on sales of cars working on conventional fuel. Global new energy vehicle sales amounted to 1.23 million units in 2017. Forecasts say 18 million new energy vehicles will be sold worldwide in 2025,” the source noted.
According to the source, new energy vehicles will gradually replace the conventional energy vehicles in the next 30 years.
The company representative also reminded that Changan was the first Chinese company to announce a complete halt to the sale of traditional fuel cars.
Changan, a Chinese state-owned automobile manufacturer, earlier announced that it will not sell any more traditional fuel vehicles by 2025.
On Oct. 19, 2017, Changan Automobile Group released its New Energy Strategy, called the Shangri-La Plan.
The plan stipulates investing 100 billion yuan ($15 billion) into four areas; firstly, new energy products will receive 40 billion yuan ($6 billion); secondly, development of a new proprietary energy platform will receive 10 billion yuan ($1.5 billion); thirdly, 30 billion yuan ($4.5 billion) will be invested into batteries; and fourthly, 20 billion yuan ($3 billion) will be invested into charging facilities and services.
Changan Automobile Group Co. Ltd. is among the big four Chinese automakers, which manufacture highest number of cars. The company has joint ventures with Ford, Suzuki, Mazda and PSA Peugeot Citroen.
Changan is headquartered in Chongqing.
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