Published by Global Banking and Finance Review
Posted on March 21, 2025
MAINZ, Germany (Reuters) - China's Changan Automobile plans to enter 10 markets across Europe this year with local EV models, it said on Friday, becoming the latest Asian carmaker to tap the home of heavyweights such as Volkswagen and Stellantis.
The group showcased its electric SUV Deepal S07, its first model for the European market, which starts at 45,000 euros ($48,775), at an event in Mainz, Germany, on Friday.
Changan said it will launch the SUV Deepal S07 from April in Norway, Denmark, Germany and the Netherlands, and then in Britain in June and other markets later in the year.
A Deepal S05 model will also launch later this year followed by the Changan E07 by early 2026, the carmaker said, adding that it also plans to sell hybrid cars in Europe from 2026.
Changan also plans to build a sales and services network across Europe, with more than 1,000 dealerships, but did not give a time frame.
The company has production plants in China and Thailand and cars sold in Europe will be imported from there.
In 2024, Changan was the world's No. 16 automaker with sales of just over 2.2 million vehicles, according to car industry analyst Felipe Munoz.
Apart from its own brands, Changan also has joint venture brands with companies including Ford and Mazda. The carmaker exports to over 60 countries and regions, it said.
($1 = 0.9226 euros)
(This story has been refiled to add detail in the headline)
(Reporting by Christoph Steitz and Nick Carey; Editing by Susan Fenton)
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