CHANGAN Philippines expects electric vehicles to account for 70 percent of its sales this year, a senior executive said on Thursday.
"What I see is 70 percent of our sales would be coming from new energy vehicles," Ryan Bermudez, Changan Philippines franchise head, told reporters on the sidelines of the Manila International Auto Show on Thursday.
He did not provide a specific sales goal.
The balance of projected sales is expected to come from internal combustion engine models, Bermudez said. These include the CS15, CS35 Plus, CS55 Plus, X7 Plus, Uni-T, and Uni-K.
Meanwhile, Bermudez said Changan Philippines was targeting to eventually expand to 25 dealerships from its current 14 dealerships nationwide.
"We're looking to expand these dealerships nationwide to be available in all, if I may say, metro areas in the Philippines," he said.
"Part of us strengthening that relationship with the customer is us building dealerships in metro areas nationwide, increasing our outlets so that our customers would have a dealership to have their car serviced [in]."
Changan Philippines was launched in the local market in 2020. It is under the charge of Inchcape, a global automotive distributor chosen by Chinese automaker Changan International Corporation to distribute its cars in the country.
Changan’s vehicle offerings currently include a sedan model and a diverse array of crossovers, including the Alsvin, while under its Nevo sub-brand, its range of new-energy vehicles consists of hybrids and full EVs such as the Hunter, the Q05, and the Lumine.
Based on data from the Chamber of Automotive Manufacturers in the Philippines and Truck Manufacturers Association, electric vehicle sales surged 66.9 percent to 5,701 units year to date from 3,416 units a year earlier.
