Changan Acquires AVIC Units to Become 3rd Largest Automaker in China

Green Car Congress

The state parent of China’s Chang’an Automobile Group is taking over five vehicle units of the Aviation Industry Corp of China (AVIC) to create the third-largest automaker in China. China Ordnance Equipment Group, Chang’an’s parent, will transfer a stake in Chang’an Auto to AVIC in exchange for AVIC’s ownership share of minivan maker Harbin Hafei Automobile Industry Group, Changhe Automobile, engine maker Dongan Power, Changhe Suzuki and Dongan Mitsubishi.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

BYD BYD Automobile Company, Shenzhen, China (partially owned by Warren Buffets Mid-America Holdings) Plan F6DM $22,000 PHEV with 60-mile range for sale, starting in China in 2009, in the US around 2011 Chrysler ENVI division developing Town & Country minivan, 200C EV concept and Jeep Patriot and Jeep Wrangler Unlimited SUVs, EREVs (series hybrids) with 40-mile range One PHEV planned for sale in US by end of 2010, others by 2013. By partnering with these two industries.

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