Changan plans to invest 3b RMB in R&D and management over next five years
Gasgoo.com -Changan Automobile is planning to invest a further 30 billion RMB ($4.89b) to boost its research development capabilities and management system, theBeijing Timesreported today, quoting a statement by Changan Automobile President Zhang Baolin.
In addition to an array of new models, Changan has also announced the unique CATVS R&D standards, which compiles over 4,000 R&D standards. ¡°Although Changan forecasts this year¡®s sales growth to be 40 percent, however looking forward we feel there are more problems we need to address,¡± Mr. Zhang (pictured) stated. Changan¡¯s impressive sales performance has brought it on to the level of joint ventures. However, Changan is aware that improving its management system is much harder than creating good products, but is a vital to ensuring future steady growth. In addition to its announced investment plans for the next five years, Changan has already invested over 10 billion RMB ($1.63b) in the past five years as well.
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