Last week, Changan Automobile announced that the company’s board of directors, after deliberation, will self-fund 439.98 million yuan to acquire a 100% stake in Hefei Changan Automobile Co., Ltd. (hereinafter referred to as Hefei Changan) held by China Changan. It is reported that the main purpose of this acquisition is to expand production capacity and include Hefei Changan in the vehicle assets of listed companies, which will pave the way for the future overall listing of Changan Automobile.
According to the planning of Changan Automobile, its own brand passenger cars will have a capacity gap after 2015. This time Changan Automobile's acquisition of Hefei Changan is mainly to obtain its plant and production line with an annual production capacity of 150,000. After necessary reconstruction and construction, the construction period of the project can be shortened by more than 24 months, saving 1.2 billion yuan for the new plant. , And quickly solve the Changan own brand passenger car capacity constraints.
It is reported that in the next three years, Changan Automobile will produce Benben mini, CX20, and Yuexiang three cars at its Changan plant in Hefei. Through the above adjustment of the product layout of its own brand passenger cars, CS35, Yidong, Zhishang XT, etc. will be protected from production capacity. The key products realize the production and sales targets of the plan, enhance the overall profitability of self-owned brand passenger vehicles, and will form stable support for the performance of listed companies in the future.
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