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Thematic (Sector/Industry)

China Consumer discretionary / Thematic (Sector/Industry)

Chongqing Changan Automobile Company (200625 CH)

<ul><li>Chongqing Changan Automobile Co. Ltd. plans to speed up the electrification of two of its joint ventures with foreign carmakers, as China’s homegrown electric-vehicle brands increasingly gain market share from fossil fuel-powered car companies.</li><li>The change in the industry was laid bare at last month’s Shanghai Auto Show, where the booths of Chinese brands were flooded with visitors.</li><li>A decade ago, cars built by China’s numerous international JVs would typically be center stage at such exhibitions.</li></ul>

Chongqing Changan Automobile Co. Ltd. plans to speed up the electrification of two of its joint ventures with foreign carmakers, as China’s homegrown electric-vehicle brands increasingly gain market share from fossil fuel-powered car companies.The change in the industry was laid bare at last month’s Shanghai Auto Show, where the booths of Chinese brands were flooded with visitors.A decade ago, cars built by China’s numerous international JVs would typically be center stage at such exhibitions.

Changan JVs Plan to Accelerate EV Transition as Conventional Cars Lose Position