3 6 Ke·2025-06-05 04:07Core Viewpoint - The merger and restructuring between Changan Automobile and Dongfeng Motor has progressed unexpectedly, with Changan becoming an independent central enterprise following the separation of its automotive business from the parent company, the Equipment Group [1][5]. Group 1: Changan Automobile Developments - On June 5, Changan Automobile announced that its parent company, the Equipment Group, received a notification from the State-owned Assets Supervision and Administration Commission (SASAC) regarding the separation of its automotive business into an independent central enterprise [1]. - Following this separation, Changan Automobile will be upgraded to a first-level central enterprise, placing it on par with other major players like FAW Group and Dongfeng Motor [5]. - In 2024, Changan Automobile's sales increased by 5.12% to 2.6838 million units, with significant growth in the new energy vehicle sector, which saw a sales increase of 52.8% [6][8]. Group 2: Strategic Initiatives and Future Plans - Changan Automobile has launched the "Beidou Tianzhu 2.0" intelligent strategy, planning to stop developing non-intelligent new products from 2025 and to introduce 35 smart new vehicles over the next three years [8]. - The company aims to achieve full-scene L3 autonomous driving by 2026 and L4 capabilities by 2028, alongside plans for a new generation of flying cars and humanoid robots [8]. - The elevation to a first-level central enterprise is expected to enhance Changan's market influence and operational efficiency, allowing for quicker responses to industry changes [8]. Group 3: Dongfeng Motor's Position - Dongfeng Motor announced that its restructuring plans with other state-owned enterprises do not currently involve asset and business restructuring, and its normal operations will not be affected [3][9]. - The independent status of Changan Automobile may reduce pressure on Dongfeng, allowing both companies to focus on their respective business strategies without the immediate need for merger integration [9].