In a plan announced today, it will spend 100 billion yuan (USD 15 billion) and mobilize 10,000 R&D workers by 2025 to develop quality new energy vehicles.
The company also released three new electric models the CS15EV, EADO PHEV and New EADO EV300 today.
Chang'an Auto will have 21 new pure electric vehicle models and 12 plug-in hybrid electric vehicles by 2025. The company sold more than 3 million vehicles last year, state-run Xinhua news agency reported.
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