Core Viewpoint - Changan Automobile is expanding its market presence in Italy and Spain by launching two pure electric vehicle models, with plug-in hybrid versions expected to be available next year [1][5]. Group 1: Market Expansion - Changan has already initiated vehicle sales in eight European countries, including Germany, the UK, and Norway [1][6]. - The company plans to introduce the Deep Blue S05 and S07 electric SUVs in Italy, with starting prices of €39,990 (approximately $46,880) and €44,990, respectively [1][6]. - The acceptance of pure electric vehicles in Southern Europe, particularly Italy, has been historically low, but there is a growing trend among consumers towards electric models [1][6]. Group 2: Future Plans - The plug-in hybrid versions of the Deep Blue S05 and S07 are expected to launch in Italy by the second quarter of next year, with efforts to achieve a market entry by late February to March [1][6]. - Changan has not yet disclosed its sales targets for the European market for next year, indicating that performance in Italy will largely depend on the launch timing of hybrid models [2][6]. - A small SUV model, Q05, is anticipated to enter the Italian market by late 2026 or early 2027 [2][6]. Group 3: Strategic Goals - Changan aims to launch a total of eight models in the European market within three years and plans to establish over 1,000 dealerships by 2030 [2][7]. - The company is set to invest €2 billion in market development in Europe [2][7]. - Approximately 100 dealerships are planned for the Italian market [3][7]. - As part of its European strategy, Changan is also considering the sale of light commercial vehicles in the local market [4][7].