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

Green Car Congress

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. AVIC will hold a 23% stake in the new Chang’an Group.

China 186
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Analysis: What’s the Best Way to Market EVs?

Clean Fleet Report

The Chevrolet Volt was a purpose-built plug-in hybrid, with an electric motor driving the car and a small gas engine that charged the small battery when it was depleted. GM’s signature EV now is the Chevrolet Bolt EV , another new name, which arrived as a 2017 model and promptly won Motor Trend ’s Car of the Year award.

Market 70