CHANGAN AUTOMOBILE-B(SZ:000625) Zhong Guo Qi Che Bao Wang·2025-06-06 01:55Core Insights - The forum highlighted the transformation of automotive power systems, emphasizing the shift towards electric vehicles (EVs) and the importance of technological innovation in the industry [1][3]. Industry Trends - Chinese automotive market shows over 50% market share for domestic brands and over 50% penetration of new energy vehicles (NEVs), indicating a leadership shift [3]. - Overall vehicle sales in China remain stable, but the structure is rapidly changing with a significant increase in NEVs, particularly in the XEV (including PHEV and REV) and EV segments [3]. - By 2029, XEV sales are expected to surpass EV sales due to factors like increased user adoption and declining battery costs [3]. - The trend towards electrification is evident, with a decreasing percentage of XEV users consuming less than 20% electricity, projected to drop to 10-15% in the future [3]. Technological Innovations - Key technological concepts include decoupling, separation, and integration, with a focus on centralized control and distributed execution in electronic architectures [4]. - The automotive industry is transitioning towards a "smart body," integrating electrification and intelligence, leading to enhanced user experiences [4][5]. - Long-term goals include achieving hardware standardization and software platformization to enhance efficiency and functionality [6]. Company Strategy - Changan aims to transform into a smart low-carbon mobility technology company, launching three major initiatives: Shangri-La, Beidou Tianshu, and Haina Baichuan [5]. - The company has introduced three new energy smart brands: Changan Qiyuan, Deep Blue Automotive, and Avita, focusing on new energy, intelligence, and globalization [5]. - The upcoming 2024 launch of the Smart New Blue Whale 3.0 aims to provide a comprehensive hybrid platform with a thermal efficiency of 44.39% and a reserve thermal efficiency of 47.03% [5]. Future Outlook - The automotive sector is evolving into a mobile intelligent space, characterized by data-driven, self-evolving smart vehicles [5]. - Changan's objectives include achieving high maneuverability, reliability, and safety in its electric vehicles [7].