Market Chatter: Chongqing Changan Automobile Sets Up German Unit

MT Newswires Live09-05

Chongqing Changan Automobile (SHE:000625, SHE:200625) established a unit in Germany to boost the automaker's internationalization plans, the South China Morning Post reported Wednesday.

Changan Automobile Deutschland is the first European subsidiary of the carmaker. It will be in charge of marketing and engineering research for the continent, the report said.

Shares rose 1% in Shenzhen during Thursday's trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (RMB): Â¥11.97, Change: Â¥+0.10, Percent Change: +0.84%

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