Company type | State-owned | ||||||
---|---|---|---|---|---|---|---|
ISIN | CNE000000R36 | ||||||
Industry | Automotive | ||||||
Founded | 1862 | ||||||
Headquarters | , China | ||||||
Area served | Worldwide | ||||||
Products | Motor vehicles | ||||||
Production output | 1,900,000 units (2021) [1] | ||||||
Parent | China South Industries Group | ||||||
Subsidiaries | Changan UK R&D Centre Ltd. | ||||||
Chinese name | |||||||
Simplified Chinese | 重庆长安汽车股份有限公司 | ||||||
Traditional Chinese | 重慶長安汽車股份有限公司 | ||||||
Literal meaning | Chongqing Chang'an Automobile Joint-stock Limited Corporation | ||||||
| |||||||
Website | globalchangan.com |
Chang'an Automobile Co., Ltd.[2] (CCAG) is a Chinese state-owned automobile manufacturer headquartered in Jiangbei, Chongqing.[3] Founded in 1862, it is China's oldest automobile maker.[4][5] It is currently the smallest of the "Big Four" state-owned car manufacturers of China, namely: SAIC Motor, FAW Group, Dongfeng Motor Corporation, and Changan Automobile, with car sales of 5.37 million, 3.50 million, 3.28 million and 2.30 million in 2021 respectively.[6]
The company produces and sells vehicles under its own branding, such as Changan, Deepal, Avatr, Oshan, Kaicene, as well as under foreign-branded joint ventures such as Changan-Ford and Changan-Mazda. In 2021, domestic branded cars took over 76% of sales (1.75m, 1.2m passenger vehicles).[7]
Its principal activity is the production of passenger cars, microvans, commercial vans and light trucks.[8]
It is China's second most popular car brand, with 1.4 million Changan cars sold in 2016.[9] A subsidiary of Changan, Chongqing Changan Automobile Company (SZSE: 000625), is listed on the Shenzhen Stock Exchange (but is also state controlled).[3]
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