Gasgoo Munich-Less than three years after its founding, Changan Ford New Energy Automotive Technology Co., Ltd. — known simply as Changan Ford New Energy — is facing a critical turning point.The Chongqing United Property Exchange recently revealed that Changan Automobile is listing its 40% stake in the EV unit for sale, with a reserve price of 154 million yuan. If the transaction goes through, Changan Automobile will no longer hold a direct equity interest in the company.Image source: Changan FordEstablished in September 2023, the joint venture was originally 60% owned by Changan Ford and 40% by Changan Automobile. It was tasked with spearheading the electrification transformation of the Changan Ford brand.Yet, the company's core operations have ground to a halt. Data indicates that in 2025, it generated revenue of 913 million yuan and a net profit of 527.5 billion yuan. However, in the first four months of 2026, revenue plummeted to -102,900 yuan, while net profit stood at 1.26 million yuan. Operating profit was listed as "unable to provide business data." Since October 1, 2025, the company has ceased handling Ford brand vehicle sales and after-sales services, with no plans to resume such operations.When the unit was formed, it took over operations for the Mach-E, aiming to optimize its powertrain, battery, and intelligent systems. However, market performance remained sluggish, with only 35 units sold throughout 2025. The original roadmap called for launching one new model annually starting in 2025, but the production status of its first strategic vehicle, the CX810, remains unclear. Despite repeated rumors of an impending launch, no definitive timeline has emerged.A convergence of pressures drove the business standstill. On the personnel front, frequent executive reshuffles at Changan Ford in recent years disrupted strategic continuity. Meanwhile, Ford has scaled back its global electrification strategy; by the end of 2025, it had canceled plans for several large electric vehicles and dissolved its EV division, effectively lowering the priority of joint-venture new energy projects in China. Crucially, Ford established a wholly-owned sales company to take full control of marketing and distribution channels in the country.Changan Automobile stated publicly that the equity adjustment is a routine commercial arrangement. It emphasized that the move does not impact the partnership between Changan and Ford, nor does it hinder the implementation of their new energy strategy.
