Changan to reduce focus on gas-fueled cars

Chongqing Changan Automobile Co announced on Thursday that it will stop selling conventional gasoline cars by 2025, but it will continue to produce hybrid cars, driving electric generators that power electric motors.

By then, it plans to invest 100 billion yuan ($15.1 billion) in new energy cars, including launching 21 electric car models and 12 plug-in hybrids, said the carmaker, which is based in the city of Chongqing in Southwest China.

Changan President Zhu Huarong said the investment will cover a number of things, ranging from car research and development to making batteries and building charging facilities.