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24 Aug
17:47

China’s Changan to invest $23.18 billion in smart EVs

Chinese carmaker Changan plans to invest CNY 150 billion ($23.18 billion) over the next five years to develop its smart electric vehicle capabilities, Kallanish reports. According to chairman Zhu Huarong, Changan is targeting annual sales of 1.05 million electric vehicles in 2025 and 2.7m EVs/year by 2030, as part of its expansion plans. He said on Tuesday the carmaker new energy vehicles (NEVs), which include battery electric, plug-in hybrid and fuel cell electr…
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