Stone Tan lists the top automotive news stories in Southwest China for 2019. Includes stories from Changan, Ford, FAW-VW, investments from autopart suppliers, and the new energy vehicle space.

1. Stone Tan Report: 2019 Top Auto
News in SW China
January 2020
图表1: 全球半导体的市场预测 (全球半导体贸易统计组织 - 2018年秋天预测)
The latest data from the China Automobile Industry Association shows that in the whole year of 2019, China's
automobile production and sales were 25.712 million and 25.769 million, respectively, a year-on-year decline of
7.5% and 8.2%. The declining trend of national automobile sales has also affected the automobile market in
Southwest China. In 2019, Changan and Changan Ford, the two largest local auto makers, saw sales declines. As
for Chengdu, due to the stable performance of FAW-Volkswagen and the success of the new Jetta brand, the
Chengdu automobile industry remained stable in 2019.
We have compiled the major news stories for the Sichuan-Chongqing automobile industry in 2019. We hope you
find it useful!
Company Location Date News
1 Zhong Jiao Ke Chuang
Co / Streetscooter
CQ
Jan.
2019
Joint smart manufacturing new energy vehicle project.
This is the first complete vehicle production project of
German STS electric logistics vehicle in China.
2 Geely Chengdu
Jan.
2019
New Goal to improve production line and introduce new
energy passenger car products.
3
Ruiyue Automobile
Industry (Chongqing)
Co.
CQ
Jan.
2019
Yongchuan Production Base begins. The project has a
total investment of 1 billion yuan and covers an area of
about 193,000 square meters.
4
Qingshan New Energy
Transmission System
Technology Industrial
Park
CQ
Jan.
2019
Plans to invest 10 billion yuan and use 1,700 acres of
land to build the country's largest production base for
automotive transmission systems
5 FAW-Volkswagen Chengdu
Feb/July
2019
First Jetta brand car, the Jetta VS5 announced; the Jetta
VS5 officially started pre-sale (89,800-11,900 yuan).
6
Chongqing New Energy
A u t o m o b i l e S m a r t
Logistics Industrial Park
CQ
Feb.
2019
Chongqing West Logistics Park that the park will invest
200 million yuan to build a new energy vehicle intelligent
logistics industrial park.
7
Chongqing Xunchang
Auto Parts Co.
CQ
Feb.
2019
Plans to invest a total of 300 million yuan to build an
NVH and VOC parts and equipment base
8
R u n g u O r i e n t a l
(Beijing) International
Investment Co.
CQ
Feb.
2019
Signed a strategic cooperation agreement to jointly
promote the construction and operation of hydrogen
mixed natural gas (HCNG) stations
9 Continental R & D
Center in Chongqing
CQ
Feb.
2019
Continental's first western China R & D center, with a
total investment of 280 million yuan. Center is committed
to developing automotive electronic products.
10
C h o n g q i n g S o fi m a
Automotive Filter Co.
CQ
Feb.
2019
The manufacturing base in Chongqing will be completed
and put into use in 2019.

2. Company Location Date News
11 Snowman Group CQ
March
2019
Total investment of 4.55 billion yuan to construct an
annual production of 100,000 sets of fuel cell engines
and core components, and to construct 35 hydrogen
refueling stations in phases.
12
Wuhan Grove
Hydrogen
Automobile Co.
CQ
April 2019
Grove's new hydrogen SUV vehicle was officially rolled
off the trial production line in Chongqing, and the
country's first hydrogen “sharing car” project landed in
Chongqing's Nan'an District.
13
Zhongneng
Investment
CQ
May 2019
Total investment is 2.7 billion yuan, and the first stage
investment is 700 million yuan, reaching an annual
production capacity of 20,000 new energy vehicles
14 Beijing Hyundai CQ
May 2019
Hyundai Motor Group plans to allow Chinese auto parts
suppliers to provide parts for their cars produced in
China without restrictions.
15 Geely / Daimler Chengdu
May 2019 "Daimler C Project" (Smart Car Model) will be settled in
Longquanyi District
16
Deutschland Power
Systems
CQ
May 2019 1 billion yuan will be invested to build a hydrogen fuel cell
system and core component production base.
17
Chongqing Jianhan
Hanang Automotive
CQ
May 2019 Project producing 400,000 high-quality automotive air-
conditioning compressors.
18 Xinte Automobile CQ
May 2019
Agreement with Changshou District of Chongqing to
build a production project of 120,000 pure electric
passenger cars in Changshou High-tech Zone.
19 REECH / Changan CQ
May 2019
The strategic cooperation agreement between REECH
(绿驰汽⻋车） and Changan Automobile (using Changan
Suzuki factory)
20
China General
Engineering
Corporation China
Automotive
Engineering
Research Institute
Co.
CQ
June 2019
550 million yuan was invested to build the first
automotive wind tunnel in the Midwest in the Lijia area of
Liangjiang New District.
21
Chongqing World
Village New Energy
Vehicle Project
CQ
June 2019
New Energy Vehicle Project - the total area of the project
is 1,800 mu, and the planned total investment is 5 billion
yuan, which will be constructed in two phases.
22 Changan Ford CQ
June 2019 Changan Ford received a fine of 162.8 million yuan for
violating vertical monopoly rules.
23
Baoding Chengju
Mould Stamping
Co.
CQ
July 2019
Additional investment of about 150 million yuan in
Yongchuan to build auto parts, machinery, equipment
and mold production projects
24 Beijing Hyundai CQ
July 2019
Beijing Hyundai's Chongqing plant will be upgraded so
half of its production capacity can be pure electric
models.
25 Xinte Automobile Guizhou
July 2019 Xinte Automobile's Guizhou factory entered production
suspension.

3. Name Location Date News
26 BYD / Changan Location July 2019
BYD and Changan Automobile signed a cooperation
agreement to set up a joint venture company on the
business areas of power battery production and sales.
27
Yongqing Steel Pipe
Co.
CQ July 2019
Plans to build 14 new production lines for automobiles
and mechanical parts, forming an annual production
capacity of about 20,000 tons of automobiles and
mechanical parts.
28
Zhong Che Shi Dai
Dynamic Motor Co.
CQ Aug. 2019
New Energy Bus and Special Purpose Vehicle Project,
with an annual output value of not less than 3 billion yuan
29 BAIC Yinxiang CQ Aug. 2019
The Chongqing Municipal Government and BAIC Group
signed an agreement to promote BAIC Yinxiang's
strategic restructuring
30
Brilliance Xinyuan
Chongqing
Automobile Co.
CQ Aug. 2019
Xinyuan Group may be preparing for an IPO, but the
performance of its automotive sector is a negative factor.
31 Jinkang SERES CQ Aug. 2019 The SF5 car went on pre-sale with a 278,000 yuan price tag.
32
Yinlong New
Energy Chengdu
Industrial Park
CQ Aug. 2019
Gree Yinlong Chengdu New Energy Industrial Park
project signing ceremony was held in Chengdu. The
project will focus on the construction of lithium titanate
batteries.
33
Great Wall
Automotive
Chengdu Aug. 2019
The Great Wall Motors Chongqing Smart Factory was
completed and put into production in Yongchuan District
34 Changan CQ Aug. 2019
Changan Automobile and Georgia (Country) signed a
memorandum on EV production.
35 Changan CQ Aug. 2019 Changan has given up producing cars in Russia.
36 Changan CQ Aug. 2019
Tencent introduced its automotive platform on the
Changan CS75 Plus, supporting three major functions.
37 Beijing Hyundai CQ
Sept.
2019
Hyundai Motor will fully acquire Sichuan Hyundai in early
2020, making it a 100% shareholding Auto company
38
Chongqing Deren
Company
Sichuan
Sept.
2019
5 million yuan investment - annual output of 400,000
pieces
39 Lifan CQ Oct. 2019
The Chongqing Municipal Government announced its
involvement in coordination and helped Lifan set up a
credit committee
40 BYD CQ Oct. 2019
Chongqing BYD new energy vehicle battery production
base project has a total investment of 10 billion yuan to
build 8 lithium-ion battery production lines. In March
2020, it will be mass-produced for the first time at BYD's
Chongqing plant.

4. Name Location Date News
41
Changan
Automotive
CQ Oct. 2019
Changan will accelerate the pace of the new energy
market in 2020. Three models of Changan New Energy:
E-Life, E-Star and E-Rock will be launched in the first
quarter of 2020, the second quarter of 2020, and May
2020, respectively.
42 Toyota Chengdu Nov. 2019
Toyota plans to implement a growth strategy in
Chengdu, pushing the output value to exceed 60 billion
yuan
43
Southwest
Automotive
Electronics and
Electronic
Information Center
CQ Nov. 2019
Southwest Automotive Electronics and Electronic
Information Intelligent Equipment Exhibition and Trading
Center was completed in Yufu Industrial Park
44
Chongqing Sanyou
Machine
Manufacturing Co.
CQ Nov. 2019
Project of 800 million yuan, covering an area of 100 acres,
and the construction area is about 97,000 square meters. The
annual output value is expected to reach 2 billion yuan after
completion.
45
Chongqing Jinkang
Power and
Shenzhen BYD
Microelectronics
CQ Nov. 2019
Strategic Agreement between Chongqing Jinkang Power New
Energy Co., Ltd. and Shenzhen BYD Microelectronics
46
Changan
Automotive
CQ Nov. 2019
In order to cope with financial pressure, Changan
Automobile has launched a "thinning" program, which
includes selling 50% of its equity in Changan Peugeot
Citroen Automobile Co.,
47 Changan Ford CQ Nov. 2019 Changan Ford promotes "acceleration plan"
48 Volvo Chengdu Chengdu Dec. 2019
Volvo Polestar1 is officially put into production in
Chengdu, with a limit of 500 cars per year.
49 Jinkang SERES CQ Dec. 2019
Mr. Xu Lin, Co-Executive Officer and Chief Technology
Officer of Jinkang, introducing the new Cyrus model
50
Changan
Automotive
CQ Dec. 2019
Changan plans to invest a total of 10 billion yuan in the
next three years to accelerate the development of a new
energy exclusive platform
51
Changan
Automotive
CQ Dec. 2019
Changan Automobile Co., Ltd. plans to invest 5 billion
yuan to build a Changan Automobile Software Center in
the Xiantao Data Valley
52 Changan Ford CQ Dec. 2019
The Lincoln Navigator will be introduced by Changan
Ford in 2019 and will be available in 2020.

5. 重庆谈⽯融资租赁有限公司，是由“谈⽯中国⾦
融投资有限公司”与“重庆渝富控股集团有限公
司”共同出资组建。
Stone Tan Financial Leasing Company was jointly
invested by both Stone Tan Finance and Investment
Company Ltd. and Chongqing Yufu Assets
Management (Group) Company Ltd.
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询，财务顾问
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