Changan’s manufacturing facility in Thailand will introduce fashions from sub-brands Deepal, Avatr, and Qiyuan, with an annual capability of 100,000 models within the first section.
(Picture credit score: Changan Vehicle)
Changan Vehicle goals to have its plant in Thailand, which started building earlier this month, up and operating by the primary quarter of 2025.
The Chinese language auto big held a model launch in Thailand at this time, saying it’s going to use Thailand as a base to enter extra Southeast Asian nations and different right-hand drive automobile markets.
The primary section of Changan’s manufacturing base in Thailand, which is able to begin manufacturing within the first quarter of 2025, will introduce fashions beneath sub-brands Deepal, Avatr, and Qiyuan, the corporate mentioned.
The carmaker will make investments 20 billion baht ($570 million) within the facility, with a complete deliberate capability of 200,000 models per yr, and the primary section of the funding shall be about 10 billion baht with a capability of 100,000 models per yr.
On August 23, Changan’s working entity in Thailand was formally established, marking an vital step within the firm’s globalization technique.
On October 17, Changan reached an settlement with the Thailand Board of Funding (BOI) on the third Belt and Highway Discussion board for Worldwide Cooperation occasion in Beijing.
Changan plans to speculate 8.8 billion baht in Thailand to construct a NEV manufacturing plant with a design capability of as much as 100,000 models within the first section, in keeping with its press launch final month.
The Thailand BOI secretary common Narit Therdsteerasukdi introduced changan chairman Zhu Huarong with an funding certificates for the carmaker’s mission in Thailand at an occasion final month.
At at this time’s occasion, two Deepal fashions — Deepal S07 and Deepal L07 — made their debut in Thailand and shall be formally launched on the Thailand auto present on November 29. These two fashions are often called Deepal S7 and Deepal SL03 in China.
The Deepal S07 and Deepal L07 shall be imported into the Southeast Asian market earlier than going into manufacturing on the Thai plant of Changan.
Each fashions had been accessible in each extended-range electrical car (EREV) and battery electrical car (BEV) variations in China, though they may initially be accessible in BEV variations in Thailand.
Earlier at this time, Deepal CEO Deng Chenghao mentioned on Weibo that the SL03 shall be renamed L07 and the S7 shall be renamed S07 in Thailand for causes together with registration.
Deepal will proceed to construct globalized fashions subsequent, accelerating its entry into ASEAN and European markets, he mentioned.
Deepal goals to promote 450,000 models globally in 2024 and plans to launch two new fashions subsequent yr, Deng mentioned.
Changan goals to promote 5 million models globally by 2030 to turn out to be one of many prime 10 largest carmakers on the earth when it comes to gross sales, Zhu mentioned at this time.
By 2030, Changan’s funding abroad will prime 10 billion US {dollars} and its annual abroad gross sales will prime 1.2 million automobiles, he mentioned.
($1 = 35.1000 baht)
Changan’s NEV unit Deepal goals to promote 450,000 automobiles globally in 2024