June 10 — Changan Automobile denied reports it was selling a 40% stake in Changan Ford New Energy at 40% of value. The company said it directly holds 40% of the JV; the planned transfer is priced at the appraised value for that 40% stake and represents a shareholder-level structural adjustment, not a distressed or steeply discounted sale.

2026-06-10

June 10 — Changan Automobile denied reports it was selling a 40% stake in Changan Ford New Energy at 40% of value. The company said it directly holds 40% of the JV; the planned transfer is priced at the appraised value for that 40% stake and represents a shareholder-level structural adjustment, not a distressed or steeply discounted sale.