Changan KAICHENG completes agreement signing for Series A funding

Beijing (Gasgoo)- On January 21, Changan KAICHENG, the commercial vehicle brand of Changan Automobile, held its Series A financing signing ceremony at the Changan Global R&D Center.  

Photo credit: KAICHENG

On January 2, KAICHENG announced that it had successfully raised over 2 billion yuan in its Series A funding round, which marked a significant milestone in its capital market journey. 

As the cornerstone of Changan Automobile’s commercial vehicle strategy, KAICHENG will accelerate its pursuit of electrification, intelligence, pickup development, and globalization strategies. The brand is set to position itself as a leading smart new energy commercial vehicle brand, advancing toward becoming a world-class player in the commercial vehicle sector.  

With the newly secured capital, Changan KAICHENG plans to launch a series of initiatives. Starting in 2025, the company will introduce over six new energy vehicle (NEV) models within three years, aiming to expand its presence in the light-duty commercial NEV market. For pickup trucks, KAICHENG intends to roll out four NEV models across three product lines by 2028, strengthening its product portfolio.  

Globally, Changan KAICHENG targets total sales of 600,000 units by 2030, with overseas markets accounting for 50% of the volume, underscoring its ambitions for international growth. 

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