On July 12, 2011, Changan Peugeot Citroen Automobile Co., Ltd., a joint venture between Changan Automobile and PSA Peugeot Citroen, was formally established. Prior to this, Changan Automobile and Cummins (China) Investment Co., Ltd. signed a cooperation in the field of light vehicle diesel engines. The Strategic Cooperation Framework Agreement. This series of actions shows that Changan Automobile wants to make a difference in light commercial vehicles.
In February 2011, Changan set up a new business unit, the Changan Automobile Light Vehicle Division, for the light commercial vehicle segment. This division is also considered to be one of the three core pillars of Changan Automobile.
According to industry insiders, the reason why Changan cooperates with PSA Peugeot Citroen is to value its leading position in the field of light commercial vehicles. According to relevant statistics, in the first half of this year, PSA Peugeot Citroen has grown by 8.7% in the European light commercial vehicle market to 21.3%. Market share continues to maintain its leading position in this market segment. For Peugeot Citroen, Renault, its main competitor in the European market, is pressing harder and harder in the field of light commercial vehicles. It also makes him want to take Changan in the direction of China's large and strong light vehicle market.
For the cooperation between Changan and Cummins, relevant industry sources stated that the signing of this strategic cooperation agreement has achieved the strategic layout of Changan light vehicle business in the high-end powertrain with high-end brand, first-class quality and excellent service, and established the Changan light vehicle business. The superior position on the powertrain.
Established in December 2005, China Chang'an Automobile Group Co., Ltd. is a large-scale enterprise group that has been strategically reorganized and co-founded by the two largest Fortune 500 companies, China North Industries Group Corporation and China Aviation Industry Corporation. It is one of the four largest automotive groups in China and is headquartered in Beijing. At present, China Chang'an has formed four main sectors, namely, vehicles, parts, powertrains, and business services, and has built a vertically integrated industrial chain. China Chang'an has formed a product lineage that covers a wide range of vehicles, such as mini-vehicles, cars, passenger cars, heavy-duty trucks, and special Chinese Chang'an vehicles (20 photos). Chang'an Automobile will be able to make a difference.
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