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Changan Auto announced that it would invest RMB200 billion ($28.75 billion) in the next ten years to accelerate its transformation into an intelligent and low-carbon car manufacturer.
Zhu Huarong, chairman of Changan Auto (长安汽车), said chip shortage and expensive batteries have adversely affected the production of new energy vehicles in China
Chinese leading automobile maker Changan Auto admits chip shortages and other challenges but has managed them well for its newly launched high-end EV brand Avatr