6-year loss of 4.9 billion Changan automobile to sell Changan PSA

category:Finance
 6-year loss of 4.9 billion Changan automobile to sell Changan PSA


Changan PSA was founded in 2011. Different from DPCA, another PSA joint venture in China, Changan PSA focuses on creating high-end products of DS brand. Since it was put into production in 2013, five models have been put into operation, with sedan products mainly focusing on the market of 180000-200000 yuan and SUV products focusing on the market of 250000 yuan.

At the same time, Changan PSA continues to be in the red. According to the financial report of Changan automobile from September 30, 2013 to 2019, the accumulated equity income of Changan PSA calculated by the equity method is a loss of 2.455 billion yuan. As Changan Automobile owns 50% of Changan PSA, the total loss of Changan PSA in the past six years is 4.91 billion yuan. In response to the pre disclosure of the equity transfer, Changan Auto related people only said in an interview with the first financial reporter that the transaction will be officially listed after the pre disclosure on November 22. PSA Asia Pacific replied: we thank Chongqing Changan Automobile Co., Ltd. for its support in the past eight years. At the same time, we also want to make it clear that DS brand will continue to stay in China and get strong development, DS brand will not exit China, and DS brand will adopt a new development strategy in this strategic market in China. Source: First Financial Editor: Wang Xiaowu NF

At the same time, Changan PSA continues to be in the red. According to the financial report of Changan automobile from September 30, 2013 to 2019, the accumulated equity income of Changan PSA calculated by the equity method is a loss of 2.455 billion yuan. As Changan Automobile owns 50% of Changan PSA, the total loss of Changan PSA in the past six years is 4.91 billion yuan.

In response to the pre disclosure of the equity transfer, Changan Auto related people only said in an interview with the first financial reporter that the transaction will be officially listed after the pre disclosure on November 22.

PSA Asia Pacific replied: we thank Chongqing Changan Automobile Co., Ltd. for its support in the past eight years. At the same time, we also want to make it clear that DS brand will continue to stay in China and get strong development, DS brand will not exit China, and DS brand will adopt a new development strategy in this strategic market in China.