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

GM has announced plans for public sales in 2010, and almost every carmaker now says it will sell PHEVs or highway-speed battery electric vehicles (BEVs) sometime after 2010. Committed to sales of 10,000 or more vehicles in late 2010, with increasing production in 2011. Expected deposits in 2009 and first sales in CA in 2010. We believe such production models could be available for sale in three years."Furia By partnering with these two industries.

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