On November 20th, the establishment and foundation laying ceremony of Changan Peugeot Citroen Co., Ltd. was held in Shenzhen, China. Changan PSA proposed to include new-energy automotive cooperation and independent brand R&D in the company's development plan, committing itself to producing more energy-saving and environmentally-friendly models and creating more technological content. Joint venture. Philippe Varin, CEO of PSA Peugeot Citroen, said that Changan PSA will develop and produce electric, hybrid and plug-in hybrid vehicles in China.

Changan has already demonstrated its ambitions in areas such as hybrid power and new energy, and there are hybrid new products coming out: Benben Love pure electric, Benben mini pure electric, Taurus pure electric and Clover concept car. The joint venture also clearly demonstrated its determination to develop new energy vehicles. Changan's cooperation with PSA can be summarized as: PSA provides a mature product platform while Changan provides hybrid technology.

Judging from the general environment of the Chinese electric vehicle market, the Chinese government currently provides 60,000 yuan (US$9,441) in subsidies to electric vehicle buyers in Shanghai, Shenzhen, and other four cities. The Chinese government expects to sell it by 2015. One million electric vehicles.

The Boston Consulting Group had predicted that due to the serious pollution in China, the Chinese government attached great importance to energy conservation and emission reduction and strongly supported the development of new energy vehicles. In addition, 90% of Chinese consumers expressed interest in purchasing electric vehicles, so by 2020, China or It will surpass the United States to become the largest sales market for electric vehicles. By then, electric vehicle sales will account for 7% of China's total sales.