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  Can Baoneng take the offer? PSA confirms that Baoneng plans to acquire shares in Changan PSA

  On November 29th, Peugeot-Citroen (PSA) announced that it would sell 50 per cent of Changan Peugeot-Citroen (Changan PSA), a joint venture with Changan Motor, and would review the planned sale of Changan PSA shares on December 6th. On the day PSA announced plans to sell 50 per cent of Changan PSA, a PSA spokesman confirmed that China Baoneng was one of the potential buyers for a 50 per cent stake in Changan PSA. On October 28th, Chongqing United property Exchange disclosed that Changan Automobile transferred its 50% stake in Changan PSA. November 29th, Changan Automobile is paying 1.63 billion yuan.

  Baoneng Group Changan Automobile 2019-11-30
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  How hard it is! After Changan Automobile, Peugeot Citroen will also sell 50% stake in Changan PSA

  According to media reports, a spokesman for French automaker PSA announced today that the company plans to sell 50 per cent of Changan Peugeot Citroen Motor Co., Ltd. (Changan PSA), a joint venture with Changan Motor. It is worth noting that Changan Automobile, as one of the partners of Changan PSA, disclosed the sale of 50 per cent of Changan Peugeot Citroen Motor Co., Ltd. at the Chongqing United property Exchange on October 28th. Learned from the Chongqing United property right Exchange, Changan Automobile formally submitted an application for listing transfer on November 19, with a listing price of 1.63 billion yuan.

  Changan Automobile DS 2019-11-29
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  Changan Automobile is listed for sale of the DS brand at a loss, and PSA insists it will not withdraw from China!

  Fiat Chrysler (FCA) and Peugeot-Citroen (Groupe PSA) have once again been revealed that they intend to merge, and as of the latest news, the two companies have agreed to merge. On the other hand, it was revealed that Changan Motor is listing to sell a 50% stake in Changan Peugeot Citroen Motor Co., Ltd. (Changan PSA). The transfer and sale information is posted on the official website of Chongqing United property Rights Trading. The pre-disclosure date is from October 28, 2019 to November 22, 2019. The biggest asset in the stake is Changan PSA's factory in Shenzhen. In 2011, China Changan Automobile set.

  Chang'an Automobile listed for sale of DS brand at a loss 2019-10-31
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  1.6 billion sold all shares, Changan withdrew from the "Changan Peugeot Citroen" joint venture

  The news of the dissolution of Changan Peugeot Citroen (Changan PSA) has been basically confirmed, both sides of the shares have sold all their shares, all operations and factories in Shenzhen have been taken over, and the eight-year history of the joint venture will eventually come to an end. Chongqing Changan Automobile Co., Ltd. officially announced today that as of December 30, Shenzhen Qianhai Ruizhi Investment Co., Ltd. (hereinafter referred to as "Qianhai Ruizhi") submitted the registration materials and paid 831.3 million yuan for the down payment of 831.3 million yuan. The announcement shows that on December 30, 2019, Changan Automobile and Qianhai Ruizhi signed an equity transfer agreement.

  DS Chang'an Peugeot Citroen 2019-12-31
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  Changan PSA officially changed its name to Baoneng Automobile, where should the high-end DS go?

  According to the information on the website of Shenzhen Market Supervision Administration, Changan Peugeot Citroen Automobile Co., Ltd. (hereinafter referred to as "Changan PSA") has been formally changed to Baoneng Automobile Co., Ltd., the changed investor is Shenzhen Qianhai Ruizhi Investment Co., Ltd. (hereinafter referred to as "Qianhai Ruizhi"), and the legal representative is changed from Zhu Huarong to Sun Li, Vice President of Baoneng Investment Group Co., Ltd. At the same time, the main members of the new company are all updated to be members of Baoneng Department. Where should the DS brand go if both shareholders sell their shares? Tianyan check information shows that the former Hai Ruizhi was established in July 2017 and is 100% controlled by Baoneng Automobile Co., Ltd.

  Changan Automobile Baoneng Automobile Guanzhi Automobile DS PSA Group 2020-05-22
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  DS promotes the "trust plan". Meng Nuo, president of Changan PSA: will never give up the Chinese market.

  Sales of PSA in China have been declining in recent years. DPCA, which has two major brands, Dongfeng Peugeot and Dongfeng Citroen, sold 253000 vehicles in 2018, down 33% from the same period last year, while Changan PSA's sales of French high-end DS-branded cars are almost forgotten by the market, with only 5478 DS brands sold in China in 2018. Despite poor sales, PSA is hopeful about the Chinese market. DS launched a brand recovery plan called the DS Trust Plan in China on Feb. 26, while Meng Nuo, president of Changan PSA, said: "I will never give up the Chinese market." This is...

  Tesla 2019-02-28
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  The "withered" French brand has only 0.6% of the domestic market share from January to November.

  According to data released by the China Automobile Association, from January to January this year, German, Japanese, American and Korean passenger cars accounted for 24.3%, 21.6%, 9.1% and 4.5% of China's market share, respectively, with legal system having the lowest market share, with only 0.6% of the domestic market share, down more than half compared with the same period in 2018. At present, the legal brands in the domestic market mainly include Dongfeng Peugeot brand and Dongfeng Citroen brand of DPCA, DS brand of Changan PSA and Renault brand of Dongfeng Renault, but from the performance of these brands in the domestic market, only one word can be used.

  Dongfeng Renault Changan PSA Dongfeng Peugeot Citroen 2019-12-13
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  In 2019, PSA's net profit increased by 13.2%, but it lost 5.4 billion yuan in the Chinese market.

  On February 26th, Peugeot-Citroen (PSA) released its 2019 results. The financial report shows that in 2019, PSA achieved an overall operating income of 74.731 billion euros (about 571.7 billion yuan), an increase of 1 percent over the same period last year; operating profit of 4.668 billion euros, an increase of 6.1 percent over the same period last year; and adjusted operating profit of 6.324 billion euros (48.3 billion yuan), an increase of 11.2 percent over the same period last year. In 2019, PSA's net profit attributable to the parent company was 3.201 billion euros (24.4 billion yuan), up 13.2% from a year earlier. PSA Group is in...

  PSA Peugeot Citroen 2020-02-27
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  After three months of maintenance, there are still no accessories, the owner of DS protects his rights on Weibo.

  DS is a high-end brand of PSA Group (Peugeot Citroen). Due to brand promotion, product positioning and other reasons, the market promotion and new car sales of DS have been repeatedly blocked since entering China, and the brand market position has fallen into an awkward situation. At the end of 2019, Changan Automobile and PSA Group formally withdrew from the joint venture, and DS was once again in trouble in China. For tens of thousands of DS owners, how to get after-sales protection is more important to them. Some DS owners said that the car has been sent to the 4S store for maintenance for more than two months, but there are still no accessories. According to the DS owner, his car is January 6, 2020.

  DS Peugeot Citroen 2020-03-17
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  With the joint venture disbanded, is there any hope that DS will launch this flagship car?

  The DS brand has almost faded out of sight in the Chinese market, and there is uncertainty about whether it will stay after the dissolution of the joint venture. A few days ago, the DS brand officially released a preview of the new model and revealed that the new car will be officially unveiled on February 24th. Based on this judgment, this may be the DS 9 flagship sedan previously exposed. In June 2019, foreign media reported that the DS brand would launch a new flagship car in the Chinese market to compete with the BMW 5-Series and Mercedes-Benz E-Class, with the same infrastructure as the Peugeot 508L and a longer wheelbase. In the new car declaration information released by the Ministry of Industry and Information Technology earlier, it was named D.

  DS Brand DS Group Peugeot Citroen 2020-02-22
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  PSA and FCA officially confirm the merger, and the new company is expected to be operational in 2021

  After a month and a half, Fiat Chrysler (FCA) and Peugeot Citroen (PSA) officially announced the merger and issued a joint statement on December 18. With annual sales of 8.7 million vehicles and combined revenue of 170 billion euros, the new company will become the fourth largest automobile group in the world after Volkswagen, Toyota and Renault-Nissan alliance, according to the statement. In the new corporate governance structure, John Elcan, chairman of FCA, will serve as chairman of the new company, and Tang Weishi, CEO of PSA, will serve as CEO of the new company. It is understood that.

  PSA FCA 2019-12-18
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  PSA senior management change: Citroen and DS ushered in new CEO respectively

  It has been nearly six years since Peugeot-Citroen announced the new CEO. According to Autocar, Citroen and DS will usher in a new CEO due to the restructuring plan of the PSA group. Among them, Vincent Cobee, former vice president of Mitsubishi Motors, will take over as CEO of Citroen, replacing former CEO Linda Jackson; Beatrice Foucher, who is now deputy CEO of DS brand, will become CEO of DS, replacing former CE...

  PSA 2020-01-16
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  The picture of the domestic DS 9 real car has been exposed, and the tail mark is still "Changan Diaisi".

  After the dissolution and delisting of Changan PSA, the original Shenzhen factory has been completely taken over by Baoneng Automobile, but according to the agreement reached between the two sides, part of the production capacity is still contract production of DS brand cars. Recently, the brand-new home-made DS 9 real car picture has been exposed on the Internet, and its tail label is still affixed with the word "Changan Aisi". News shows that the domestic DS 9 cars produced in the Shenzhen factory in the future will be listed globally, and the Shenzhen factory will also serve as the export base of the DS brand. DS 9 is the brand's flagship car, the new car is based on PSA Group EMP2 modular platform, and Peugeot 508 for the same platform product, the new car is planned for 2020.

  DS brand 2020-06-23
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  DS's new CEO: the launch of DS 9 "the real meaning" is the benchmarking BBA

  DS is an out-and-out premium car brand like BMW Audi Mercedes-Benz, so the DS brand needs to be supported by a large car like the DS 9. This is the news revealed by the new CEO of DS in a recent public interview with the media.

  DS9 2020-03-19
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  Does it still make sense? DS brand changed coach in China.

  Auto Industry concern learned from Stellantis Group that Stellantis Group has appointed Zhang Jun as general manager of DS brand in China, which will take effect from July 1st. Data show that Zhang Jun's career began in 2004 and has held a series of important positions at Nissan and Audi.

  Brand Group Automobile China Changan Citroen Market Company Peugeot sales luxury Zhang Jun France Changan Automobile China 2022-07-03
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  The domestic DS9 real car was unveiled with the tail mark "Baoneng Automobile".

  After the dissolution and delisting of Changan PSA, the original Shenzhen factory has been completely taken over by Baoneng Automobile, and the DS brand has been able to continue production and sales in China by virtue of contract production. Recently, at the completion and commissioning ceremony of the Xi'an base held by Baoneng Automobile, the domestic DS 9 was also officially unveiled, and its tail mark was replaced by the word "Baoneng Automobile". Take a brief look at this car. DS9, the latest flagship car under the DS brand, is based on PSA Group's EMP2 modular platform. The new car was pre-sold in China in August this year and is expected to be released this year. Domestic DS9 will launch 4 models, outside.

  Baoneng Automobile PSA 2020-11-10
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  PSA Tang Weishi: don't rely too much on Asian supply chains, because there are risks in dealing with the crisis.

  The impact of the epidemic on the automotive industry is still a hot topic. When talking about the impact of the epidemic, Tang Weishi, CEO of PSA Group, said: "the epidemic makes the automobile industry realize that it is risky to rely too much on Asian supply chains, while Peugeot Citroen itself is very low on Chinese parts, so it is more calm in dealing with this crisis, which is, to some extent, an advantage of Peugeot Citroen." Some netizens said that "if you withdraw from the Chinese market, the degree of dependence can be reduced to 0", "the reason why French cars fail in China is that they do not rely on China", "who knows, the epidemic has begun to spread in Europe, will the advantage.

  Peugeot Citroen DS 2020-03-05
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  The performance is declining! Dongfeng Motor may sell its shares in PSA.

  Dongfeng Motor is exploring options for its stake in Peugeot-Citroen (PSA), including a possible divestment, Bloomberg reported, citing people familiar with the matter. Dongfeng Motor owns about 12.2% of Mark Citroen, valued at 2.2 billion euros ($2.5 billion). Dongfeng Group has held talks with consultants in recent weeks to discuss how to liquidate some or all of its French car manufacturing trademark to PSA, according to people familiar with the matter. The company is exploring possible options for its shares, including a stake sale. People familiar with the matter also said that Dongfeng Motor plans to reduce its stake in the company.

  Performance car PSA decline Dongfeng sale 2019-08-08
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  DS 9 will be launched domestically and will be sold globally in the future.

  After the French PSA Group's high-end brand DS released the new car official map earlier, DS officially announced that DS9 will be launched in China on August 6 and is expected to be officially launched in the second half of 2020. The new car is based on the EMP2 platform and is positioned as a medium-sized sedan. In the future, the new car will only be produced in China and will be sold to the global market in the future. DS9 uses the latest family design language in appearance, with a woven mesh texture in the hexagonal grille, headlights connected to the front grille, and turn lights on both sides. In addition, the center of the hood is inlaid with a "Sword of Paris" decoration to highlight its special identity. The side.

  DS 2020-08-06
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  Changan Motor received another 72.25 million yuan in financial subsidy, but its sales profit fell sharply.

  Changan Automobile announced today that Chongqing Changan Automobile Co., Ltd. (hereinafter referred to as "the company") received 30 million yuan of special funds for industry and information technology from the Finance Treasury payment Center of Jiangbei District of Chongqing in 2019, encouraging 42.25 million yuan to be invested in R & D. a total of 72.25 million yuan. On December 4, Chongqing Changan Automobile Co., Ltd. received 213221102 yuan from Chongqing Jiangbei District Employment and Talent Service Bureau. In addition, on June 28 this year, Chongqing Changan Automobile Co., Ltd. received 350 million yuan in subsidies allocated by the Chongqing Municipal Bureau of Finance, among which the product research and development award.

  Changan Automobile 2019-12-18