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Stock impact report

China's Changan Automobile adds Italy and Spain to its European markets [Yahoo! Finance]

BYD CO LTD UNSP/ADR (BYDDY) 
NASDAQ:AMEX Investor Relations: byd.cn/bydenglish/investor
Company Research Source: Yahoo! Finance
Chongqing-based Changan is part of ?the second wave of Chinese automakers entering the European market, after forerunners including China's No. 1 car ?company BYD and the country's top exporter Chery. Changan has already started selling its vehicles in eight European countries including Germany, the UK and Norway. In Italy, it will offer EV versions of its Deepal S05 and S07 SUVs, with starting prices of 39,990 ?euros ($46,880) and 44,990 euros, respectively, ?Changan adviser for Italy Giuseppe Graziuso said during a presentation at the group's design centre in Rivoli, near Turin on Thursday. In ?contrast to northern Europe, southern parts of the continent have shown limited interest in pure electric vehicles, but Graziuso said Italian clients were starting to move towards EVs. Plug-in hybrid versions ?of the Deepal S05 and S07 are expected in Italy by the second ?quarter of next year, with the company working on launches as soon as the end of February and March. Changan ha Show less Read more
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