Chongqing Changan to bid for Hefei Changan to speed up productivity


Yesterday evening, Chongqing Changan Automobile announced that the Board of Directors had decided to bid for 100% of Hefei Changan Automobile Co., Ltd. held by China Changan Group. The listing price of this equity on the Chongqing Stock Exchange was 4.3998 billion yuan.

It is understood that Hefei Changan was formerly known as Hefei Changhe Automobile Co., Ltd., and it was completed and put into operation in May 2012, forming an annual production capacity of 150,000 vehicles. Yesterday, the relevant person in charge of Changan Automobile stated that after the acquisition of Chang'an, Hefei, the production capacity can be quickly established, and the construction period of the project can be shortened by more than 24 months.



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