Zhu Huarong has stepped down as chairman of Changan Automobile, with Zhao Fei taking over a major Chinese state-owned carmaker squeezed by falling sales and thin profits. The handover comes as the company pushes electric and smart vehicles in an increasingly brutal price war.
Avatr unveiled its T09 concept SUV in Paris, a flagship with four lidar sensors co-designed with Huawei. The production version is planned for 2026, with an estimated price above 500,000 yuan.
Chinese automakers are expanding into Brazil, but winning over local buyers means understanding ethanol fuel, small-car policies and a huge used-car market. Success will depend on products, not just electric-vehicle hype.
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