ChongqingChangan’s overseas sales rose 64% as its nine-month profit fell 98%.
A third-quarter loss of 758 million yuan nearly erased the first half’s profit, the filing shows.
In China, domestic petrol sales shrink while electric rivals force costly launches, and nine-month sales fell 18.07% to 1.69 million.
Chairman Zhao Fei, appointed 16 October, inherits a nine-month operating cash outflow of 11.38 billion yuan.
How each outlet framed it
- TMTPost leans critical
- frames Changan's 98% profit collapse against 64% overseas sales growth, arguing scale advantage is failing for legacy automakers
Sources: TMTPost