State-owned Chinese carmakers Dongfeng, Changan likely to combine, eclipsing BYD

Quick Summary:

Company combining Dongfeng and Changan could allocate resources to the most competitive products and technologies, analyst says.

In 2024, the two companies delivered 5.16 million cars – 2.48 million for Dongfeng and 2.68 million for Changan.BYD sold 4.27 million EVs.“The restructuring, if it materialises, would be a big step towards industry consolidation and of great importance to China’s auto industry for the longer term,” Morgan Stanley said in a research note on Monday, adding that a merged group would allocate resources to brands with more competitive products and technologies.

A newly created entity that controls both Dongfeng Motor and Changan Automobile would become China’s largest carmaker by sales, eclipsing Shenzhen-based BYD, the world’s largest EV builder.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets: Hong KongChina

Topics: Group Merger State-owned Changan Cent Million Dongfeng Automobile Motor “the Companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-10 @ 17:30:09 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 270 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 54 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26021239

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 15 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 3 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions