Changan PSA
{{Short description|Automobile company in China}}
{{Infobox company
| name = Changan PSA Automobiles Co., Ltd.
| logo = Changan PSA logo.jpg
| caption =
| former_names =
| type = Joint venture
| fate =
| predecessor =
| successor = Baoneng Group's Shenzhen plant
| foundation = November 2011
| founder =
| defunct = 2020
| location_city = Shenzhen
| location_country = China
| location =
| locations =
| area_served = China
| key_people = Olivier Mornet (President)
Ying Zhanwang (Executive Vice President)
| industry = Automotive
| products = Automobiles
| services =
| revenue =
| operating_income =
| net_income =
| assets =
| equity =
| owner = Changan Automobile (50%)
Groupe PSA (50%)
| num_employees =
| parent =
| divisions =
| subsid =
| homepage = {{URL|http://www.ds.com.cn}}
| footnotes =
| intl =
}}
Changan PSA (officially Changan PSA Automobiles Co., Ltd., informally CAPSA) was an automobile company headquartered in Shenzhen, China, a 50:50 joint venture between Changan Automobile and Groupe PSA. Its principal activity was the manufacture and sale of DS Automobiles branded passenger cars for China.
Changan PSA was Groupe PSA's second automobile joint venture in China, after Dongfeng Peugeot-Citroën.[http://www.chinacartimes.com/2011/06/15/capsa-changan-psas-new-joint-venture-company/ CAPSA – Chang’an-PSA’s new joint venture company] {{Webarchive|url=https://web.archive.org/web/20131119130203/http://www.chinacartimes.com/2011/06/15/capsa-changan-psas-new-joint-venture-company/ |date=2013-11-19 }} chinacartimes.com, 15 June 2011 Centering on a newly built production base in Shenzhen, it had an annual production capacity of 200,000 vehicles.For Shenzhen production base, see {{cite web | url=http://www.capsa.com.cn/en/capsa_qyjs.aspx | title=About CAPSA: Changan PSA Automobiles Co., Ltd Profile | publisher=Changan Automobiles Co Ltd | work=capsa.com.cn | access-date=27 September 2013 | archive-url=https://web.archive.org/web/20131222040014/http://www.capsa.com.cn/en/capsa_qyjs.aspx | archive-date=22 December 2013 | url-status=dead }}
History
In 2010, Changan and Groupe PSA agreed to establish a 50:50 joint venture to produce passenger cars for the Chinese market,[http://www.psa-peugeot-citroen.com/en/psa_espace/press_releases_details_d1.php?id=1096 China Chang’an Automobile Group and PSA in Joint Venture discussion] PSA Peugeot Citroën Official Site, 5 June 2010 and final approval for the project was gained in 2011.{{Cite web |url=http://media.groupe-psa.com/en/download/article/node-field_download_files-459069-0 |title=PSA Peugeot Citroën in China (a PSA Press Kit) |date=April 2015 |website=groupe-psa.com |publisher=PSA Peugeot Citroën |access-date=9 April 2017 |archive-url=https://web.archive.org/web/20160614020941/http://media.groupe-psa.com/en/download/article/node-field_download_files-459069-0 |archive-date=14 June 2016 |url-status=dead }}
Manufacturing commenced in 2014, with China specific DS models; the DS 5, the DS 5LS first and then the DS 6WR.{{cite web|title=PSA launches DS compact crossover in China|url=http://europe.autonews.com/article/20141010/ANE/141009817/psa-launches-ds-compact-crossover-in-china|website=Automotive News Europe|access-date=1 November 2016|date=10 October 2014}}
The venture got consistently poor sales, leading to production levels below capacity. It was dissolved in 2020 after both Changan and Groupe PSA agreed to transfer their respective stakes to the Baoneng Group.{{cite web|title=长安汽车上半年净利转正 系报告期内非经常性损益获利52亿|trans-title=Changan Auto's net income in the first half of the year turns positive, mainly through a non-recurring income of 5.2 billion|url=http://m.caijing.com.cn/api/show?contentid=4694433|website=caijing.com.cn|access-date=8 September 2020|date=31 August 2020}}
The newly restructured venture was renamed Shenzhen Baoneng Motor.{{Cite web|title=Shenzhen Baoneng Motor's first vehicle expected to roll off production line in fourth quarter|url=https://autonews.gasgoo.com/Detail2020.aspx?ClassId=2&ArticleId=70017199|access-date=2021-09-15|website=Gasgoo}}
Sales
DS sales in China rose sharply to 26,000 units in 2014, driven by a premium offering composed of the DS 5, DS 5LS and DS 6. All three models are produced in Shenzhen and were launched in a single year.
At the same time, the brand is busy developing its distribution network, with 80 DS Stores covering the 60 largest Chinese cities.
China currently accounts for 22% of DS registrations globally, compared with just 2% in 2013.{{Cite web |date=April 2015 |title=PSA Peugeot Citroen China Press Kit |url=http://media.groupe-psa.com/en/download/article/node-field_download_files-459069-0 |url-status=dead |archive-url=https://web.archive.org/web/20160614020941/http://media.groupe-psa.com/en/download/article/node-field_download_files-459069-0 |website=PSA Peugeot Citroen |archive-date=14 June 2016 }}
Products
File:DS 4S 001 China 2017-04-01.jpg|DS 4S
File:DS 5 facelift 02 China 2016-04-16.jpg|DS 5
File:DS 5LS China 2018-03-20.jpg|DS 5LS
File:DS 6 China 2016-03-29.jpg|DS 6WR
File:DS 7 Crossback 002 China 2018-03-26.jpg|DS 7
References
{{Reflist}}
External links
- [http://www.ds.com.cn DS Automobiles China]
- [https://web.archive.org/web/20161103222741/http://www.capsa.com.cn/index.php/en/ Changan PSA]
{{Changan Automobile}}
{{Groupe PSA}}
{{Automotive industry in China}}
Category:Car manufacturers of China
Category:Manufacturing companies based in Shenzhen
Category:Vehicle manufacturing companies established in 2011
Category:Chinese companies established in 2011
Category:Vehicle manufacturing companies disestablished in 2020