laitimes

Changan New Energy's Series B financing was completed, with 5 billion yuan of financial support

On January 24, Chongqing Changan New Energy Automobile Technology Co., Ltd. (hereinafter referred to as "Changan New Energy") announced that the B round of financing for nearly a year has been completed, and finally raised 4.9773 billion yuan for Changan New Energy, with nearly 2 billion yuan of over-planned financing, and a total of 10 units, including Changan Automobile, have been invested.

Changan New Energy's Series B financing was completed, with 5 billion yuan of financial support

Wang Jun, president of Changan Automobile, said that the landing of Changan New Energy's B round of financing has not only injected new impetus into Changan New Energy's opening of a new round of industrial competition, but also opened a new starting point for Changan Automobile's transformation and upgrading, and will also become another great practice of building a "high-end automobile industry cluster in western China".

Changan New Energy's Series B financing was completed, with 5 billion yuan of financial support

Since its establishment in 2019, Changan New Energy has made gratifying achievements in product development, core technology mastery, marketing capability improvement, and talent training. In 2021, Changan New Energy's sales exceeded 100,000 vehicles, an increase of nearly 300% year-on-year, and the growth rate ranked first in the industry. The first product, C385, built on EPA1's new electric vehicle-specific platform, was rolled off the production line in December last year, and after its debut, it received great attention and is expected to be listed in 2022.

Guided by the "Shangri-La Plan", Changan New Energy has mastered more than 200 breakthrough innovative technologies since the A round of financing. Independently developed and built EPA0, EPA1 and EPA2 three industry-leading new dedicated electric vehicle platforms; independently mastered the development capabilities of the "three electricity" system, launched 0 fire batteries, Changan new generation of super-collector electric drive, intelligent vehicle domain controller "Chang'an Smart Core", etc., of which the domestic leading super-collector electric drive system can achieve a weight reduction of 10%, power density increase of 37%, efficiency increase of 5%; independently master the vehicle integration capabilities, fully grasp the platform integration development, modular design, reliability verification, etc., of which the domestic leading super-collector electric drive system can achieve a 10% reduction in weight, a 37% increase in power density, and a 5% increase in efficiency; independently master the vehicle integration capabilities, fully grasp the platform integration development, modular design, reliability verification, Key technologies such as body, chassis, interior and exterior trim, and electrical appliance development.

Changan New Energy's Series B financing was completed, with 5 billion yuan of financial support

Facing the future, Changan New Energy has planned a sales target of 700,000 vehicles in 2025 and accelerated its efforts to become one of The top new energy vehicle brands in China. The upcoming C385, C673 and other products, the annual sales target of a single series is planned to be 150,000-200,000 units.

In August 2021, the Changan Automobile Science and Technology Ecological Conference was held. Based on the "14th Five-Year Plan", Changan Automobile has comprehensively accelerated its transformation into an intelligent and low-carbon travel technology company and released the "New Car, New Ecology" development strategy.

In five years, Changan Automobile will launch more than 20 new intelligent electric vehicles to meet the needs of new people in all scenarios, and it is planned that by 2025, Changan brand sales will reach 3 million vehicles, of which new energy will account for 35%; by 2030, to become a world-class brand, sales will reach 4.5 million, new energy will account for 60%, and overseas sales will account for 30%.

[Reporter] Shao Yumei

【Author】 Shao Yumei

【Source】 Southern Press Media Group South + client

Read on