in

Chinese automaker Changan aims to sell 3 million cars annually in 2025 Reuters via biedexmarkets.com

Chinese automaker Changan aims to sell 3 million cars annually in 2025

© Reuters.

BEIJING (Reuters) – China’s Changan aims to sell three million vehicles a year in 2025, and 4.5 million units annually in 2030, its chairman Zhu Huarong said on Tuesday.

Thirty percent of its sales in 2030 will be outside China, Zhu said. Changan, which is developing electric vehicles (EV) with Huawei Technologies and battery maker CATL, plans to invest 150 billion yuan ($23.14 billion) in smart electric vehicle industry in the next five years.

($1 = 6.4818 renminbi)