Chongqing Changan Auto
“Market Cap $7.71 B As of May 2014
- Industry: Auto & Truck Manufacturers
- Founded: 1996
- Country: China
- Website: www.changan.com.cn
- Employees: 15,176
- Sales: $5.83 B
- Headquarters: Chongqing
- #1497 in Sales
- #1190 in Profit
- #1361 in Market value
Chongqing Changan Automobile Co. Ltd. engages in the manufacturing and distribution of automobiles, automobile engines and spare parts. The company’s products include passenger and commercial vehicles. It operates factories in Chongqing, Beijing, Jiangsu, Hebei, Zhejiang, and Jiangxi. The company was founded in 1862 and is headquartered in Chongqing, China.”
“Chongqing Changan Auto History
Chang’an claims its early origins can be traced back to 1862 when Li Hongzhang set up the Shanghai Foreign Gun Bureau. How this company and today’s Chang’an are linked is not clear, but the firm may be alluding to the fact that, like this famous historical figure, it seeks Western techniques to achieve its goals.
In the late 1950s a predecessor company, Chang’an Factory, assembled a jeep sold under the brand name Yangtze River. By the end of the 1980s the company was producing pint-sized trucks and vans for commercial purposes.
Chang’an acquired two smaller, domestic automakers in 2009 Hafei and Changhe.
As of 2010 China Weaponry Equipment is the parent company of this state-owned automaker, and that year Chang’an became the fourth most-productive car manufacturer in the Chinese automobile industry by selling 2.38 million units. The company also released a new logo for its consumer offerings in 2010 while commercial production retains the former red-arch brand.
Although it only allowed the company to achieve fourth place among domestic automakers in terms of production, Chang’an made over 2 million whole vehicles in 2011.
In 2012 it was reported that 72% of production was dedicated to passenger vehicles, but this count likely conflates consumer offerings and microvans, tiny commercial trucks and vans that are popular in China.
In November 2012, Changan Ford Mazda Automobile was divided into two new joint venture companies: Changan Ford and Changan Mazda.”
*Information from Forbes.com and and Wikipedia.org
**Video published on YouTube by “changanbr“