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5 Electric Vehicle “Secrets” That Extend Range, Save Money & Battery Life (Without the Anxiety)

Do you worry about your EV’s winter range, battery degradation, or high running costs? What if you could solve these common concerns without spending extra? Drawing from real-world owner experience, this guide reveals practical, no-cost habits that can significantly boost your electric vehicle’s efficiency and longevity. 1. Banish “Range Halving” in Winter The Reality: Cold weather can drastically reduce range, turning a 520km full charge into 280km overnight.The Proactive Fix: Counteract the cold with a simple “Winter Trio”: 2. Smooth Driving: Your Wallet’s Best Friend The Test: Driving the same route gently vs. aggressively resulted in 13.7 kWh/100km vs. 25.3 kWh/100km—a near doubling of energy use!The Smart Habit: 3. Battery Care: It Thrives on Routine, Not Coddling The Myth: “EV batteries die in three years.”The Data: After three years, real-world battery degradation was only 7.7% (approx. 2.5% per year), well below the common warranty threshold of 20% over 8 years.The Golden Rule: ABC—”Always Be Charging” Smartly: 4. Taming the Climate Control “Power Hog” The Challenge: Cabin heating and cooling draw directly from the battery, consuming 2-4 kW.The Strategy: 5. The “Hidden” Range Booster: Tire Pressure The Discovery: A drop from 2.5 bar to 2.1 bar caused a 15km range loss. Correcting it immediately restored efficiency.The Habit: Make a monthly tire pressure check part of your routine. Conclusion: Your EV, Optimized Electric vehicles aren’t magical, but they are highly responsive to good habits. By integrating these five principles—preconditioning, smooth driving, smart charging, efficient climate control, and tire maintenance—you transform range anxiety into range confidence.Stop worrying about winter shortfalls or battery decay. The key to unlocking your EV’s full potential is already in your hands. Master these simple steps, and watch your vehicle become a more reliable, economical, and enjoyable partner for every journey.

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Zero-Cost Fixes: Avoid These 4 Common Driving Habits That Damage Your Car

Does your car seem to develop more issues lately—unexplained higher fuel consumption, a rough engine start, or occasional brake noises? Often, these stem from daily habits, not mechanical failures. Before spending on repairs, learn to fix these four costly mistakes for free and potentially extend your car’s life by over 100,000 kilometers. Accessory Mode: Press the start button without pressing the brake. Let the dashboard lights cycle (about 5 seconds). Shift to Neutral (N): Press the brake firmly and shift from Park (P) to Neutral. Start Engine: While holding the brake, press and hold the start button for 2 seconds. Brief Warm-up: Keep the brake applied until the engine idle stabilizes (about 10 seconds). Drive: Shift to Drive (D), release the handbrake, and proceed gently.Pro Tip: In cold weather, wait until the coolant temperature gauge needle begins to move before driving for an optimal “engine warm-up.” Come to a Complete Stop: Hold the brake firmly. Shift to Neutral (N): Engage the Parking Brake: Apply it fully to hold the car’s weight. Shift to Park (P): Then release the foot brake and turn off the ignition.This simple habit shifts the load from the transmission to the designed brake system. Use It (“On”): In heavy stop-and-go traffic, at long red lights (>30 seconds). Disable It (“Off”): When driving through standing water, on steep slopes, when the A/C is on max, or right after starting a cold/hot engine.Locate the “A OFF” button and make it a habit to disable the system in heavy rain or flood-prone areas. Defrosting: Use the car’s defroster setting. Gently scrape ice with a plastic scraper, never metal or hot water. Warming Up: Modern cars need only about 30-60 seconds of idling in extreme cold. Drive gently for the first few kilometers to warm the engine efficiently. Tire Pressure: Check and adjust pressure monthly in winter. Cold temperatures lower tire pressure, affecting safety, handling, and fuel economy. ConclusionThese adjustments require no money, just mindful habit formation. As veteran drivers say, “Treat your car well, and it won’t give you trouble.” Incorporating these zero-cost practices into your routine can prevent expensive repairs, enhance safety, and ensure your vehicle remains a reliable companion for years to come. Which habit will you change first?

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Is the Changan UNI-K worth buying?

Having driven for over a decade and encountered many Chinese SUVs, I’ve recently received a lot of questions about the Changan UNI-K‘s value. Based on experience, this car isn’t a simple “blind buy”; it needs to be considered in conjunction with your actual needs. Below, I’ll share my test drive experience and owner feedback to highlight the key points. The 2890mm wheelbase is not an exaggeration. Rear legroom easily fits three fists, and the 1.9-meter trunk depth can comfortably accommodate a stroller and suitcase. Hidden storage compartments under the center console can fit backpacks, and the trunk’s hidden compartments can hold valuables—these details are very practical for families. The entire series features a 2.0T engine paired with an 8-speed automatic transmission, delivering 390 N·m of torque at just 1900 rpm, providing ample power for highway overtaking. The WLTC combined fuel consumption is 8.3L/100km, and my actual highway test showed 6.8L/100km (below 110km/h), which is quite good for a mid-size SUV. The entry-level version includes L2 assisted driving and a 540° camera, offering excellent value for money. However, occasional delays in the infotainment system are mainly concentrated in the higher-spec AR navigation version. If your budget is limited, the basic version is a safer choice. The full-body soundproof glass and active noise cancellation are indeed impressive, controlling wind noise better than competitors in the same price range below 120km/h. However, the 21-inch wheel version uses Hankook sport tires, which produce more noticeable tire noise. If comfort is a priority, 19-inch or 20-inch wheels are more suitable. Compared to the Geely Xingyue L and H6, the UNI-K has the longest wheelbase, offering a clear space advantage. The standard Sony audio system and hidden door handles are distinctive features in this price range. However, the infotainment system isn’t as smooth as the Geely Xingyue L, which is something to keep in mind. Based on years of experience, the UNI-K is suitable for two types of people: first, families with a moderate budget, where the two-wheel-drive Comfort model offers the best value; second, young people who like advanced technology, where the Enjoy model’s headrest speakers and streaming rearview mirror provide a good experience. If you frequently drive on rough roads, the four-wheel-drive version’s on-demand four-wheel drive and central differential lock can handle light off-roading.

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Changan Automobile’s New Energy Vehicle Sales Exceed 1 Million Units

On December 20th, China Changan Automobile Group announced that its annual sales of new energy vehicles had exceeded 1 million units. Currently, Changan’s new energy brands include Avita, DeepBlue Auto, and Changan Qiyuan. In November, Changan Automobile’s total sales reached 283,000 units, a year-on-year increase of 2.3%. Among them, new energy vehicle sales reached 125,000 units, a year-on-year increase of 23%. On December 10th, China Changan Automobile celebrated the production of its 30 millionth Chinese-brand vehicle. Zhu Huarong, Chairman of China Changan Automobile, previously stated that Changan will be guided by the concepts of “New Energy Shangri-La,” “Intelligent Technology Beidou Tianzhu,” and “Globalization,” continuously developing its three major new energy brands: Avita, DeepBlue Auto, and Changan Qiyuan. The company is committed to transforming into an intelligent and low-carbon mobility technology company, striving to achieve 5 million units in total vehicle production and sales by 2030. Of these, new energy vehicles will account for over 60%, and overseas sales will account for over 30%.

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Unshakable Support on the Rails: The Iveco Daily, A Pillar of Railway Emergency Repair

At a railway emergency repair site where every second counts, the rapid and secure transport of critical materials to the core area is the lifeline to restoring operations. This demands professional engineering vehicles with unparalleled reliability, robust power, and ultimate safety. The Iveco Daily engineering vehicle is meticulously engineered to meet these severe challenges. Core Strengths, Tailored for Professional Scenarios Versatile Platform, A Comprehensive Partner The exceptional adaptability of the Iveco Daily platform extends its value far beyond a single sector. In addition to railway engineering, its proven reliability is widely utilized and validated across diverse industries such as efficient logistics, specialized medical transport, and municipal services. Its distinctive front-end design also conveys the strength and unique character of a professional vehicle. Looking ahead, Nanjing Iveco will continue to uphold its professional ethos, deepening its expertise in the special-purpose vehicle sector. Through continuous technological innovation and full lifecycle services, we are committed to meeting the diverse and high-standard needs of various industries worldwide, working hand-in-hand with our partners to create a more efficient and safer future.

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FOTON’s Tunland V series entered the Australian market, with its first hybrid full-size pickup marking the beginning of a new era in intelligent off-roading

Recently, FOTON held a product launch event in Australia, officially introducing the new Tunland V series hybrid pickups to the local market. The lineup includes the practical Tunland V7, designed for utility-focused scenarios, and the high-end Tunland V9, aimed at both family and professional users. As FOTON’s first full-size pickup equipped with a hybrid powertrain, the Tunland V series stands out with its high performance, low fuel consumption, and cutting-edge intelligent features. The entire lineup is powered by FOTON’s latest 48V turbocharged diesel hybrid system, paired with a 2.0L AUCAN engine and an 8AT ZF transmission. This configuration delivers a maximum power output of 120 kW and a peak torque of 450 Nm. Thanks to its advanced energy recovery system and ultra-high-pressure combustion technology, the series achieves a 10% reduction in overall fuel consumption, with thermal efficiency reaching up to 50%. It offers strong performance while fulfilling commitments to energy efficiency and emissions reduction. In terms of intelligence and comfort, the Tunland V series sets a new benchmark in its class. The cabin comes standard with a 14.6-inch intelligent entertainment touchscreen, a customizable digital instrument panel, synthetic leather seats, dual-zone automatic climate control, and wireless charging, creating a driving experience on par with luxury sedans. Overall, NVH performance has been improved by 15%, further enhancing driving quietness. In terms of safety, the Tunland V series meets European safety standards and is equipped with comprehensive active and passive safety features, including 8 airbags, a 360° panoramic camera, lane departure warning, and an electronic stability control system. It also supports an L2.5-level intelligent driving assistance system, covering key functions such as ACC adaptive cruise control, AEB automatic emergency braking, and lane-keeping assist. All these features have undergone road testing and specific calibration for the Australian market. In terms of product positioning, the Tunland V7 features a leaf spring suspension, emphasizing durability, reliability, and cost-effectiveness. The Tunland V9, on the other hand, is equipped with a coil spring multi-link suspension, offering enhanced ride comfort, interior quality, and intelligent tech features. It caters to both family travel and professional needs, redefining the lifestyle and design standards for full-size pickups. At the launch event, FOTON announced its deep connection with local sports culture by officially sponsoring the fifth season of the Australian sports show Search 4 Hurt. Through supporting passionate and dynamic local content, FOTON aims to further integrate into the Australian community and build emotional resonance with consumers. Currently, the show has garnered over 7 million views across various platforms, while the FOTON Australia website sees more than 6,000 visits per week, and over 1,000 people have booked test drives. After the launch event, many industry clients visited to explore the new products and participated in test drives, technical exchanges, and other activities. Through hands-on experience, clients expressed full appreciation for the Tunland V’s driving space, exceptional performance, and intelligent technology. The Tunland V series has successfully launched in multiple global markets, including Europe, Africa, and the Americas, earning an excellent reputation and strong user recognition due to its outstanding product quality. With the full-scale launch in the Australian market, FOTON will continue to provide local users with more efficient, intelligent, and environmentally friendly pickup solutions.

FOTON’s Tunland V series entered the Australian market, with its first hybrid full-size pickup marking the beginning of a new era in intelligent off-roading Read More »

FOTON Motor Holds Successful Heavy-Duty Truck Client Recommendation Event in Ghana 

Amid fierce competition in the global heavy-duty truck market, the African market, particularly Ghana, presents significant growth potential, attracting numerous companies. In a bid to seize early opportunities and meet its Q1 2026 targets for the Ghana market, FOTON Motor hosted the “Fighting for Q1 — FOTON Motor Ghana Heavy-Duty Truck Client Recommendation Event” on December 16. The event focused on market expansion and the promotion of FOTON Telematics System, bringing together over 50 representatives from leading companies in the oil, infrastructure, and logistics sectors. The goal was to comprehensively showcase the brand’s strengths and products, enhance customer loyalty, and establish long-term, stable partnerships. At the event, FOTON Motor showcased its full range of heavy-duty truck products, including tractors, dump trucks, fuel tankers, and trailers. The exhibition provided a direct demonstration of solutions tailored for various scenarios, such as long-haul heavy-load transport, mining site operations, large cargo transportation, and hazardous materials transport. Additionally, FOTON Motor highlighted its telematics system to the attendees. This system enables real-time scheduling and monitoring, intelligent early warning, and data analysis, providing strong support for ensuring continuity in transportation operations. In terms of after-sales service, FOTON Motor offers exclusive service files, one-on-one long-term follow-ups, and rapid response to ensure customers have peace of mind. Additionally, the comprehensive parts support system ensures that customers can promptly obtain the necessary parts during vehicle operation, effectively reducing downtime. On the sales front, FOTON Motor has also introduced highly attractive discount schemes aimed at helping customers reduce procurement costs. In addition to product presentations and demonstrations, FOTON Motor organized a special VIP product experience session, inviting industry leaders to personally test the product performance and engage in live discussions about their experiences and needs. Furthermore, through a series of networking activities, FOTON provided a platform for industry leaders to interact, fostering communication and collaboration. This created an environment that encouraged the development of long-term partnerships and strengthened customer recognition and trust in FOTON Motor in a relaxed and enjoyable atmosphere. This recommendation event marks a key step in FOTON Motor’s deepening presence in the Ghana market. Looking ahead, FOTON will continue to focus on channel expansion and the development of major industry clients. The company is committed to further enhancing its full value chain system, which includes localized manufacturing, after-sales service, local talent development, and intelligent telematics. FOTON aims to collaborate with African partners to drive the regional automotive industry upgrade and create more efficient and sustainable transportation solutions for the African continent.

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The BYD SHARK Phenomenon: How an Electric Pickup is Conquering Global Markets

From Australia to Mexico, the DMO-powered BYD SHARK is redefining the pickup segment with explosive sales, hybrid prowess, and record-breaking performance. Introduction In the fiercely competitive global pickup truck arena, a new predator has emerged and is taking markets by storm. The BYD SHARK, a revolutionary hybrid electric pickup from China’s automotive giant, is not just making waves—it’s creating a tsunami of demand. With staggering sales figures, rapid market penetration, and formidable technology, the SHARK is proving that the future of pickups is intelligent, efficient, and electrifying. This article delves into the incredible journey of the BYD SHARK, exploring the data behind its success and the groundbreaking engineering that powers its global appeal. Unprecedented Market Success: By the Numbers The BYD SHARK isn’t just selling; it’s dominating in key international markets with a velocity rarely seen. The data tells a compelling story of a vehicle that has hit the sweet spot of consumer demand. The Engineering Beast Behind the Hype: DMO Platform What fuels this remarkable success? The answer lies beneath its rugged exterior. The BYD SHARK is born from the innovative DMO (Dual-Mode Off-Road) Super Hybrid Platform, the same architecture that underpins the acclaimed Fang Cheng Bao Bao 5. This platform is a game-changer, seamlessly blending brute strength with exceptional efficiency. More Than a Tool: Your Intelligent Adventure Partner The BYD SHARK transcends the traditional “workhorse” pickup category. It is positioned as a versatile, intelligent companion for modern life. Conclusion: The Shark Has Well and Truly Bitten The evidence is undeniable. Despite commanding a starting price overseas equivalent to over ¥200,000 RMB, the BYD SHARK continues to be met with “crazy demand.” It has successfully challenged deep-seated market norms, proving that consumers globally are ready for a pickup that offers groundbreaking technology, staggering performance, and unparalleled efficiency without sacrificing capability. For anyone seeking not just a utility vehicle, but a powerful, intelligent, and eco-conscious partner capable of conquering both urban jungles and the wild outdoors, the 2026 BYD SHARK stands as a compelling and groundbreaking choice. It is more than a new model; it’s a clear signal of where the global automotive industry is headed. The future is hybrid, intelligent, and electrifying—and the BYD SHARK is leading the charge. BYD SHARK | Electric Hybrid Pickup Truck | Global Sales Success | DMO Platform | Long-Range Pickup

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Foton Motor Officially Launches Tunland V7 and V9 Pickups in South Africa, Strengthening its Presence in Africa with Localization and Smart Technology

As global attention turns to the Group of Twenty Finance Ministers and Central Bank Governors, discussing sustainable development and inclusive growth, FOTON Motor’s move in South Africa adds a practical perspective to this grand topic. Recently, FOTON Motor held a grand product launch event in South Africa, officially unveiling the Tunland V series pickups—V7 and V9. Through a deep localization strategy and smart technology, FOTON is further expanding its footprint in the African market, taking tangible steps to support global cooperation and win-win development. As a key part of FOTON Motor’s “Lighthouse Plan,” the launch of the Tunland V series demonstrates FOTON’s long-term commitment and confidence in the South African and broader African markets. A representative from FOTON South Africa stated at the launch event: “The Tunland V series is the next-generation, high-end, smart, and durable full-size pickup tailor-made for South African users. This milestone not only reflects our recognition of the South African market’s potential but also underscores our determination to grow together with the people of South Africa.” Hybrid Power, Intelligent Leadership The Tunland V series is FOTON Motor’s first full-size pickup equipped with a hybrid power system, offering a perfect blend of high performance, low fuel consumption, and intelligent features. Both models are powered by FOTON’s latest 48V turbocharged diesel hybrid system, featuring a 2.0L AUCAN engine and an 8AT ZF transmission. With a maximum output of 120 kW and peak torque of 450 Nm, the Tunland V series achieves a 10% reduction in fuel consumption, thanks to its energy recovery system and ultra-high pressure combustion technology. Its thermal efficiency reaches up to 50%, demonstrating exceptional performance in energy saving and emission reduction. In terms of product positioning, the Tunland V7 is designed for utility and practical scenarios, featuring a trapezoidal leaf spring suspension that emphasizes durability and reliability. On the other hand, the Tunland V9 is aimed at both family and professional users, equipped with a coil spring multi-link suspension, offering enhanced comfort and a more intelligent experience in terms of interior and tech features. Comprehensive Upgrade in Intelligent Safety and Comfort Features The Tunland V series excels in both intelligence and safety performance. It comes standard with a 14.6-inch smart entertainment touchscreen, a customizable digital dashboard, synthetic leather seats, dual-zone automatic climate control, and wireless charging, providing users with a luxury sedan-like driving experience. In terms of safety, the Tunland V series has earned a 5-star safety rating from C-NCAP. It is equipped with a range of active and passive safety technologies, including six airbags, 360° panoramic imaging, lane departure warning, electronic stability control, and more. Additionally, it supports L2.5-level intelligent driving assistance functions, including ACC adaptive cruise control, AEB automatic emergency braking, and lane-keeping assist. Deepening Localization Strategy and Promoting Collaborative Industrial Development In March 2025, FOTON’s South African factory successfully rolled off the first automatic transmission heavy-duty truck tractor model. In June, FOTON launched the Truck Mate mini truck in South Africa. By September, the factory successfully produced its first CKD pickup model. With the official launch of the Tunland V series, FOTON Motor has further enriched its local product lineup, reinforcing its global philosophy of “growing together with Africa.” Since unveiling its Africa strategy and launching the “Lighthouse Plan” in 2024, FOTON has continuously strengthened its local operations. Through technology transfer, supply chain integration, and talent development, FOTON has created over a thousand local jobs, effectively driving the development of the upstream and downstream industrial chains, and supporting the upgrading of South Africa’s automotive industry.

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Foton Motor Takes an Active Role in South Africa’s Industry Summit, Addressing the G20 Sustainable Development Agenda with Local Engagement and Global Vision

As the Group of Twenty Finance Ministers and Central Bank Governors unfolds in Africa for the first time, with the theme of “Unity, Equality, and Sustainability” outlining a development blueprint, global attention is focused on the industrialization of this vibrant region. As a key player in Africa’s development, FOTON Motor is going beyond traditional trade, showcasing its deep commitment to the region through local manufacturing, product adaptation, and cultural integration, fully embodying the spirit of “growing together with Africa.” Deeply Integrating into Key Sectors, Driving Africa’s Crucial Industries with Product Strength Sustainable development under the G20 framework relies heavily on supporting specific industries and lifestyles. FOTON Motor’s recent active participation in a series of important local exhibitions and events in South Africa demonstrates its strategic approach of staying at the forefront of the market and accurately understanding user needs. South Africa’s livestock industry is rapidly growing and has become a vital pillar of the local economy. At the NAMPO ALFA exhibition, which focuses on agriculture, livestock, and outdoor sectors, FOTON Motor showcased a product range centered on its “Built for Business” philosophy. From heavy-duty agricultural vehicles to off-road products designed for complex terrains, FOTON engaged directly with core user groups—farmers, livestock practitioners, and outdoor enthusiasts—through this key agricultural event, demonstrating its ongoing empowerment of vital industries in South Africa. Verifying Product Strength, Shaping a Brand Perception of “Reliability and Durability” At events like the Grabouw Outdoor and Adventure Expo, FOTON’s Tunland series pickup trucks have perfectly aligned with South Africa’s strong outdoor culture and growing leisure economy. In the Nation Challenge’s professional off-road competition, the Tunland G7 conquered extreme terrain in the 4×4 challenge, winning the top prize and showcasing its outstanding off-road capability and durability. Such real-world performance not only validates the product’s reliability in harsh conditions but also elevates its image from a “functional tool” to an “exploration partner,” transforming its value from “built for business” to “empowering lifestyles.” At the Creators Fest, FOTON Motor, as an official partner, is dedicated to supporting South African women, innovators, and entrepreneurs. At the Soweto Film Market, FOTON, as the official vehicle sponsor, provided comprehensive vehicle support and services, strongly backing the future of African cinema. Additionally, by actively participating in local events such as the Submission Kings MMA competition, FOTON continues to strengthen its brand presence through deep integration into South African culture.On one hand, the company demonstrates its product’s core strengths—reliability, durability, and safety—through exceptional performance in extreme conditions, reinforcing the “Built for Business” brand identity. On the other hand, by linking the brand with South Africa’s thriving outdoor culture and tourism economy, FOTON showcases its commitment as a responsible corporate citizen, supporting local lifestyles and regional economies, and continually injecting vitality into sustainable development in the area. From “Product Output” to “Value Co-Creation” A clear trend runs through FOTON Motor’s recent market activities: a shift from simple trade export to deep localization and value co-creation. Looking back at 2025, the launch of FOTON’s heavy-duty trucks and pickups in South Africa marked the establishment of local manufacturing capabilities across multiple product categories. This enables FOTON to respond more quickly and flexibly to the unique demands of the South African and broader African markets in sectors like agriculture, mining, logistics, and outdoor leisure.This model of local manufacturing driven by African demand is a str

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Foton Accelerates Global Strategy with Ambitious 2030 Targets at 2026 Partner Conference

Beijing witnessed a significant gathering of over 2,000 participants from 140+ countries at Foton’s 2026 Global Partner Conference, where the commercial vehicle manufacturer unveiled its ambitious roadmap to become a “world-class commercial vehicle enterprise.” Under the theme “Drive To Great,” Foton Chairman Chang Rui announced bold targets: achieving over 50% new energy vehicle sales and 300,000 overseas units annually by 2030. Global Expansion Through Localized ProductionFoton’s globalization strategy centers on establishing more than 10 industrial bases across key markets including Thailand, Indonesia, South Africa, Brazil, Mexico, Saudi Arabia, and the EU within five years. The company’s recent successes in Brazil and South Africa demonstrate this approach. In Brazil, Foton has localized production of its “New Aumark” light truck, aligning with the country’s green mobility initiatives. Similarly, Foton’s South African CKD plant represents the first Chinese brand to achieve localized assembly in the country, positioning it as a regional manufacturing hub for Africa. Technology Leadership in New Energy and IntelligenceExecutive Vice President Lu Zhenghua outlined Foton’s three-pillar strategy: comprehensive internationalization, new energy adoption, and intelligent solutions. The company’s proprietary AiYiKe electric drive system achieves 97.7% motor efficiency, while its hydrogen fuel cell demonstrations have reached 3,600 vehicles. Foton’s intelligent driving capabilities include Highway Pilot technology and AI-powered cockpits, supported by a telematics platform connecting 3.16 million vehicles that has improved operational efficiency by 10% and reduced accident risk by 40%. 2026 Business Targets and Ecosystem DevelopmentFor 2026, Foton targets 200,000 overseas vehicle sales, with heavy trucks growing over 70% and buses doubling in volume. The company plans to cultivate eight markets each exceeding 10,000 units annually. Vice General Manager Liu Xuguang emphasized building an ecosystem around “vehicle + telematics,” expanding into charging infrastructure, leasing, and used vehicle businesses while strengthening global parts warehouse networks. The conference recognized outstanding partners with awards spanning new product promotion, new energy leadership, and aftermarket excellence, reinforcing Foton’s commitment to collaborative growth in the global commercial vehicle industry.

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Changan Automotive Expands Production Capacity Through Strategic Acquisition of Beijing Hyundai’s Chongqing Plant

Changan Automotive has strengthened its manufacturing capabilities by acquiring Beijing Hyundai’s Chongqing production facility, marking another strategic move in the company’s ongoing expansion in the competitive automotive market. The former Beijing Hyundai plant, which had been idle since 2021, will now be repurposed to produce vehicles for Changan Automotive’s premium electric vehicle brand, Deepal. The Chongqing facility represents a significant addition to Changan Automotive’s production network. Originally constructed with an investment of 7.75 billion RMB, the plant boasts an annual production capacity of 300,000 vehicles and 300,000 engines. After several unsuccessful listing attempts, the factory was finally sold to Changan Automotive for 1.62 billion RMB in late 2023 through a government-controlled investment entity. This acquisition comes at a crucial time for Changan Automotive’s Deepal brand, which has demonstrated remarkable market performance. Between January and October this year, Deepal achieved cumulative sales exceeding 260,000 units, representing a 57.1% year-over-year increase. October alone saw sales surpass 36,000 vehicles, a 31.2% increase compared to the same period last year. With such robust growth, Changan Automotive requires additional production capacity to meet escalating demand. The repurposing of the Chongqing plant follows a pattern established by Beijing Hyundai’s restructuring. The company’s Beijing No. 1 factory has already been transferred to Li Auto, while the No. 2 factory remains available for acquisition. Beijing Hyundai now operates only two factories in Beijing and Hebei with a combined capacity of 750,000 units – five times the company’s 2023 sales volume of 150,000 vehicles. For Changan Automotive, this strategic move enhances production efficiency while supporting the company’s electrification goals. By utilizing an existing manufacturing facility, Changan Automotive can rapidly scale Deepal production without the time and expense of constructing a new plant. This approach demonstrates Changan Automotive’s commitment to smart growth and sustainable manufacturing practices. The Chongqing plant’s location provides additional strategic value for Changan Automotive, as both the company’s headquarters and the acquired facility are situated in the same municipality. This geographical advantage promises streamlined logistics and operational coordination for Changan Automotive’ expanding electric vehicle operations. As Changan Automotive continues to execute its electrification strategy, the integration of the Chongqing plant into its production network positions the company for continued growth in China’s competitive new energy vehicle market. This acquisition represents not only a practical solution to immediate production needs but also a forward-looking investment in Changan Automotive’s future capacity requirements.

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