Changan Ford Motor to set up electric car JV with Chongqing Changan Auto

Changan Ford Motor to set up electric car JV with Chongqing Changan Auto

BEIJING (Reuters) - Changan Ford Motor plans to set up a new energy passenger car joint venture with state-owned Chongqing Changan Automobile, according to a document released by China's market regulator on Friday.

Changan Ford Motor will own a 60% stake and Chongqing Changan Automobile will hold the remaining 40% stake. In the future, the joint venture plans to engage in "the supply business of mainstream brand new energy passenger vehicles and the distribution business of Ford-branded models in which Changan Ford has invested," the statement said.

Ford sales of the Changan fell 12.6% in the first half compared to the same period a year ago, according to data from the China Association of Automobile Manufacturers.More than 40 brands have cut prices in China since January following Tesla's initial move to battle for market share in the world's biggest auto market, as demand for cars falls and ripples spread to the wider industry.

In a groundbreaking move that underscores its commitment to a sustainable automotive future, Changan Ford Motor has joined forces with industrial powerhouse, Chongqing Changan Auto, to establish a pioneering electric car joint venture. This strategic partnership aims to revolutionize the electric vehicle (EV) space by leveraging the combined expertise and resources of the two automotive giants. As the global shift towards green transport accelerates, this collaboration is set to reshape the automotive industry and cement the position of both companies as leaders in the electric mobility sector.

Meaning of joint venture:

As the world increasingly turns to clean and efficient transportation alternatives, the establishment of this joint venture for electric vehicles is of great importance. Both Changan Ford Motor and Chongqing Changan Auto have a rich heritage in the automotive domain and this collaboration is poised to combine their technological prowess and market insights. By pooling their resources, they want to develop cutting-edge electric vehicles that will meet the growing demand for green and innovative transportation solutions.

A shared vision for sustainability:

At the heart of this collaboration is sustainability. Changan Ford Motor and Chongqing Changan Auto share a common vision of reducing carbon emissions and minimizing the environmental impact of the automotive industry. This joint venture will enable the rapid development of a diverse range of electric vehicles, from compact city models to advanced electric SUVs, each designed to meet the needs of a dynamic and evolving market. Use of technological synergies:

Leveraging the synergies between Changan Ford Motor and Chongqing Changan Auto, this joint venture is poised to create revolutionary electric vehicles that seamlessly integrate advanced technology, performance and safety. Leveraging their combined research and development capabilities, the partners aim to set new benchmarks in electric vehicle innovation and deliver cutting-edge features that redefine the driving experience while maintaining the highest safety standards. Anticipating market trends:

With the rapidly evolving global automotive environment, this joint venture positions Changan Ford Motor and Chongqing Changan Auto as pioneers in anticipating and exploiting new market trends. The alliance is well prepared to take advantage of the growing demand for electric cars and strategically penetrate the domestic and international markets. As electric mobility gains momentum, the joint efforts of these automotive giants are set to drive the adoption of sustainable transportation on a global scale.

 The establishment of this EV joint venture between Changan Ford Motor and Chongqing Changan Auto represents a pivotal moment in the automotive industry. industry. As the world moves towards a sustainable future, these companies are taking a bold step to lead the way in electric mobility. With their combined expertise, resources and shared commitment to innovation, we can expect an exciting range of electric vehicles that will not only redefine the driving experience, but also contribute to a cleaner and greener planet.

Changan Ford Motor, a renowned player in the global automotive market, is taking a revolutionary step to change the future of the automotive industry, announcing a strategic joint venture (JV) with Chongqing Changan Auto, a leading force in China's automotive industry. country. This partnership promises to accelerate the development and production of electric vehicles (EVs) while ushering in a new era of sustainable mobility.

Electric Car JV - Game-Changer for the Industry

This collaboration between Changan Ford Motor and Chongqing Changan Auto is of great significance in the ever-evolving EV sector. As the world moves towards a cleaner and greener future, electric cars have pioneered this transformational journey. The aim of the joint venture is to leverage the strengths of both companies and bring together Changan Ford's global expertise and Chongqing Changan Auto's deep understanding of the Chinese market. This strong synergy is expected to support the development, production and distribution of high-quality electric vehicles to meet the growing demand for sustainable transportation solutions. electric car , joint venture , Changan Ford Motor , Chongqing Changan Auto , sustainable mobility , EV sector , global expertise , China market , electric vehicles

Promoting innovation and sustainability

One of the key drivers of this joint venture is a shared commitment to innovation and sustainability. Both companies recognize the urgency of reducing carbon emissions and the importance of offering consumers environmentally friendly alternatives. Through this partnership, Changan Ford Motor and Chongqing Changan Auto aim to accelerate the adoption of electric vehicles to contribute to a cleaner environment and a more sustainable future. innovation, sustainability, carbon emissions, environmental friendliness, electric cars, adoption

Unlocking new possibilities

This exciting collaboration not only represents a significant step forward in the field of electric vehicles, but also opens up a world of possibilities for technological advancement and market expansion. With Changan Ford Motor's global reach and Chongqing Changan Auto's strong presence in the Chinese market, the joint venture is poised to tap into new consumer segments and create a positive ripple effect across the entire automotive ecosystem. technological advancement, market expansion, global reach, Chinese market, consumer segments, automotive ecosystem

Anticipating a bright future

As the joint venture between Changan Ford Motor and Chongqing Changan Auto takes shape, the automotive industry and consumers around the world are eagerly anticipating the innovative electric vehicles that will emerge from this collaboration. With a shared vision of driving positive change, reducing our carbon footprint and offering cutting-edge electric vehicles, this partnership is set to redefine the way we think about transport.

bright future, innovative electric vehicles, cooperation, shared vision, carbon footprint, transportation The strategic joint venture between Changan Ford Motor and Chongqing Changan Auto is a remarkable development that has the potential to reshape the electric car market and promote sustainable mobility. This partnership brings together the best of both worlds, combining global expertise with market insights, all aimed at creating a cleaner and greener future through the production of high-quality electric vehicles. The future of electric cars has just received a powerful boost, and the world will be watching closely to see how this exciting collaboration unfolds.