Changan Auto recently reported 2.346 million vehicles sold worldwide, a year-on-year increase of 2%. Of this, 284,000 new energy vehicles (NEVs) were sold, or a 160.5% increase, year on year. Changan Auto closed 2022 with a net profit of RMB7.798 billion ($1.122 billion), a year-on-year increase of 119.52%.
These outstanding sales volume and profit results bode well for Changan’s overseas development strategy, dubbed “Vast Ocean Plan,” formally announced at the recently concluded Automotive Industry Exhibition in Shanghai, China.
“Vast Ocean Plan” consists of branching further into Europe, the Americas, the Middle East and Africa, Asia-Pacific, and the Commonwealth of Independent States (CIS) to launch no less than 30 global products by 2025 in 3,000 new overseas outlets. Further, by 2030, Changan Auto aims to cement its position as a world-class automotive brand, surpass its overseas investment of $10 billion, exceeding its targeted annual overseas sales volume of 1.2 million units, and add over 10,000 employees to its overseas teams. In the long term, Changan Auto aims to transform into an intelligent low-carbon travel technology company. Proof of this vision has been the Changan Auto display at the Shanghai motor show. Themed “Changan Reaches the World,” the event showcased the company’s full range of new energy products, including the S7, SL03, UNI-V iDD, UNI-K iDD, Z6 iDD, and Lumin.
Changan Motor Philippines Inc (CMPI) president and CEO Maria Fe Perez-Agudo said, “The Changan experience proves how a Chinese global enterprise can drive the industry chain, upstream as well as downstream, tap into new territory, and thrive globally by taking giant steps in future-forward technology. We are one with the Changan global distributorship network in promoting our strong technical reserves and forward-looking vision to the world.”