China-made cars begin testing driverless road 2000 km
China Changan Auto to send Driverless car 1200 Mile Test.
Changan targeting semi-autonomous cars by 2020, the president said.
President Xu said Changan undervaluation market with increased sales.
Changan Automobile Group Ford Motor Co's China partner, plans to send a test self-driving car on a trip next month road 1,200 mile, underlining its ambition to produce highly automated vehicles of 2020.
The car will leave Chongqing and arrive in Beijing - roughly the equivalent of driving from New York to Kansas City - in time when Beijing hosts its auto show next month, according to Xu Liuping, chairman of Changan and Secretary Communist Party of automaker state-owned company will present a model of self-driving at the exhibition, held in Beijing this year in the largest automotive market in the world.
Changan joined the group BAIC and Internet giant Baidu Inc among competing Chinese companies in the global race to develop cars that can pilot with little or no human intervention For China, the thrust of self-driving vehicles made also part of a broader state initiative inviting manufacturers to upgrade their technology as an emerging country cheaply and compete for the jobs of the workers of the factory.
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alternative energy, artificial intelligence and the Internet are the three new technologies are reshaping the global automotive industry, which poses both an opportunity and a difficult test, Xu said in an e-mail We are currently working with some distinguished companies, organizations and institutions of higher education on autonomous vehicle development and research partnerships will continue to strengthen and broaden in the future.
Changan has sold more than 1 million of its own brand cars for the first time last year it increased its average sales price of Changan vehicles badge of about 10 percent annually since 2008, even as more the discounting leads the margins of the contract industry, according to Xu.
However, shares of Chongqing Changan Automobile Co the listed unit traded Changan Group, fell 56 percent over a period of four months to a low in August as market rout wiped out billions of dollars in market value The reference Shanghai composite Index dropped 34 percent in the same period.
There's a gap between the operating results of Changan, the growth potential and low equity valuations, Xu said that we hope and believe that Changan receive better market recognition in the future.
To accelerate its expansion, Changan also aims to start production in foreign markets such as Russia, India and Brazil, Xu said the company is open to working with Tesla Motors Co if she is interested in a partnership for manufacturing China, he said.
China Changan Auto to send Driverless car on 1 200Mile test, China Changan Auto.