A look back at a transformative year in China's auto industry

Changan Automobile reaches new milestone

China Changan Automobile rolled off its 30-millionth Chinese-brand vehicle, an Avatr 12 sedan, from the production line on Dec 10. This makes it the fastest Chinese-brand automaker to reach the milestone as local manufacturers accelerate their shift toward electric and intelligent vehicles. It took the Chongqing-based carmaker 30 years to reach its first 10 million vehicles in 2014, seven years to reach 20 million, and about four and a half years to add the last 10 million. The company has set a 2030 target of annual sales of 5 million units, with new energy vehicles accounting for more than 60 percent and overseas markets at more than 30 percent. It plans to expand its international capabilities in research, production and services, while extending its roadmap to include advanced batteries, power semiconductors, digital energy and recycling.

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