The Chinese central government plans to consolidate the Chinese car industry, which has over 130 different manufacturers and brands. The first to merge were SAIC and Nanjing MG, which made them into a regional power house. The Aviation Industry Corporation of China (AVIC) had two car making ventures in China, one was the Changhe Automobiles, and the second was Harbin’s Hafei Automobile, these two entities were signed over to Chang’an Automobiles.
The Chang'an takeover also included Changhe’s Suzuki joint venture and Harbin Dongan Auto Engine Company which also has a joint venture with Mitsubishi Automotive Engine. Hafei Autos thus becoming a subisidiary of giant Chang'an Automobiles.
Chang'an is now working to launch the electric E30, based on the Saibao III. And together with electric version, the 'regular' Saibao III is also getting a refreshment. Saibao III will get slightly different face and also new logo..
Electric Saibao III, the E30:




refreshed Saibao III:



