Beijing: China’s state owned carmaker Changan Automobile has set an ambitious goal to become one of the world’s top ten car manufacturers by 2030, as it accelerates its push into electric vehicles and expands its presence overseas.
The company said it aims to sell about five million vehicles a year by the end of the decade. A large share of this growth is expected to come from electric and hybrid models, which are projected to make up around sixty percent of its total sales.
Changan, which is already among China’s leading automakers, sold close to three million vehicles last year. It is now ranked just outside the global top ten and is looking to close that gap through rapid expansion and new technology.
A key part of its strategy is to grow its business outside China. The company plans to increase overseas sales to between 1.4 million and 1.8 million vehicles by 2030. This marks a sharp rise from its current international sales and reflects a broader trend of Chinese carmakers looking beyond their domestic market for growth.
The company is also investing in new battery technology. It plans to introduce electric cars powered by sodium ion batteries by 2027. These batteries are expected to be cheaper than the commonly used lithium ion type, although they may offer a shorter driving range.
Changan’s plans come at a time of intense competition in the global auto industry. Chinese rivals are also expanding quickly, especially in the electric vehicle segment, while traditional carmakers in Europe, Japan and the United States are facing pressure to keep pace with new technologies.
The company’s focus on affordable electric vehicles and international markets could help it gain ground in emerging regions, including parts of Asia, the Middle East and Africa.
Changan’s leadership believes that strong demand for cleaner transport and advances in technology will support its growth. However, it will need to overcome challenges such as competition, brand recognition and the need for reliable infrastructure in new markets.
With the global auto industry moving rapidly toward electrification, Changan’s next few years will be crucial in determining whether it can secure a place among the world’s leading carmakers.