Chongqing Changan Automobile Company is a publicly listed auto manufacturer headquartered in Chongqing, China. In 2019 it had US$10.2 billion in revenue and sales of over 1.2 million vehicles. 98 percent of Changan’s sales are in China. The company also sells small volumes of vehicles in Russia, the Middle East and South East Asia.
- Total score
- Assessment Note
Chongqing Changan Automobile received a full ACT assessment in 2019.
A less positive trend observed is that the growth of low-carbon vehicle share observed in the previous assessment has stalled, resulting in worse performance on this indicator. This assessment showed that Changan has continued to build on its ‘Shangri-La Plan’ which was originally published in 2017. The company has raised ¥2.84 billion (US$406 million) in capital investment through the reform of its new energy vehicle subsidiaries and plans to set up eleven innovation centres with technology partners. The plan still lacks a long-term horizon and supporting analysis.
Changan can add credibility to its plan by embedding it with long-term emissions reduction targets and stress testing it against a well below 2-degree scenario. Changan also performs poorly on supplier engagement and new business models. Improving performance across these areas could enhance Changan’s competitiveness by demonstrating its commitment to the low-carbon transition.
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More about the company
- Ownership structure
- Publicly listed
- Revenue (2019)
- US$10.2 billion
- Number of vehicles sold (2019)