On July 8, Chongqing Changan Automobile Co., Ltd. (“Changan Automobile”) announced that the company plans to invest in the construction of Yubei factory replacement and green intelligent upgrade construction projects in the Innovation Economic Corridor (Frontier Science and Technology City) of Yubei District, Chongqing City. The total investment was increased by 6.291 billion yuan.
According to reports, the new construction land area of the project is about 1,200 mu, and the new construction area is 396,401 square meters. After the project is completed, it can form a comprehensive production capacity of new energy vehicles with an annual output of 280,000 units, which is expected to be completed in 2024. At that time, Changan Automobile’s existing Yubei plant will be closed in due course, and its designed annual production capacity of 280,000 passenger cars will also be cancelled. Therefore, the investment in this project will not lead to changes in the company’s overall production capacity.
The necessity and feasibility of the construction of this project. Changan Automobile said that in order to implement the “new car, new ecology” strategy, the company will build a new new energy exclusive factory to meet the needs of independent research and development, and create new intelligent new energy vehicle products, thereby opening a new track for new energy and new vehicles. Promote the transformation of enterprises into smart and low-carbon travel technology companies.
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The products produced in this construction project are all-new electrified architecture products, which will occupy the commanding heights of future automobile technology and market through the newly launched electric power technology of Changan Automobile. This electrified architecture product is affected by features such as “restructuring of product architecture, transformation of C2M production mode (from the current production-from-stock to production-to-order), and application of new processes and technologies (such as aluminum alloy, integrated casting)”, etc. The manufacturing mode, production process and management methods have been completely subverted, and it is difficult to share production capacity with traditional fuel vehicles and mix production. Therefore, Changan Automobile must build a special factory for new energy to adapt to the development of the market.
Changan Automobile said that this investment is of great strategic significance for the company to enter the new new energy vehicle market. After the project is put into operation, it can optimize the company’s product structure, expand the company’s market share in the new energy field, and improve the overall profitability of the listed company in the future.
A few days ago, Changan Automobile also released news on the environmental impact assessment of the body integrated die-casting capacity construction project of China Changan Chongqing Chassis System Branch, Yubei Factory Replacement and Green Intelligent Upgrade Construction Project – Casting Professional SDA Integrated Front Cabin, Integrated Rear Floor Quantity The project of producing die-casting molds is subject to external bidding. Among them, the body integrated die-casting capacity building project under construction, rented Changan Automobile Yubei replacement and green intelligent upgrade factory for punching and welding joint workshop, built an integrated front cabin and rear floor workshop, added melting, die-casting, machining, stamping, and transfer. , testing and other related process equipment.
After the project is completed, an annual production capacity of 280,000 sets of integrated front cabin and rear floor will be formed. The main body responsible for the body integration die-casting capacity building project of China Changan Chongqing Chassis Systems Branch is China Changan Automobile Group Co., Ltd., which is the controlling shareholder of Changan Automobile.
Changan Automobile is one of China’s four major auto groups. It has 14 production bases and 33 complete vehicle, engine and transmission factories in Chongqing, Beijing, Hebei Dingzhou, Anhui Hefei, Turin, Italy, Yokohama, Japan, and Birmingham, UK. , Detroit in the United States and Munich in Germany have established a global collaborative R&D pattern of “six countries and nine places” with their respective focuses. In 2021, the cumulative sales of Changan-based Chinese brands will exceed 20 million units.