Zhong Guo Qi Che Bao Wang·2025-06-12 02:07Core Viewpoint - The decision to halt the merger between Dongfeng and Changan reflects a pragmatic approach to respect the actual circumstances and allows both companies to continue their strategic development independently [1][3][5]. Group 1: Company Performance - Dongfeng's new energy vehicle sales are projected to reach 860,000 units in 2024, representing a year-on-year growth of 64.4% [1]. - From January to May 2024, Dongfeng's cumulative sales of new energy vehicles reached 299,000 units, a staggering increase of 118.1% year-on-year [1]. - Changan's cumulative sales in 2024 are expected to hit 2.684 million units, marking a 5.1% year-on-year increase, the highest in nearly seven years [2]. - Changan's new energy vehicle sales reached 735,000 units in 2024, reflecting a year-on-year growth of 52.8% [2]. - In May 2024, Changan's single-month sales of new energy vehicles surpassed 94,800 units, with a year-on-year increase of 70% [2]. Group 2: Strategic Development - The cessation of the merger allows both Dongfeng and Changan to maintain their strategic stability and focus on their respective market demands and innovation [4]. - The restructuring of Changan's controlling shareholder to an independent central enterprise enhances decision-making efficiency and resource allocation flexibility [4]. - Both companies are positioned to explore collaborative opportunities in technology innovation and market expansion, particularly in new energy technology development and international market penetration [4][5]. Group 3: Industry Context - The automotive industry is undergoing significant transformation towards new energy and intelligent technology, necessitating companies to respond swiftly to market changes [3]. - The decision to stop the merger aligns with the trend of "professional integration" in the industry, as the State-owned Assets Supervision and Administration Commission (SASAC) emphasizes focusing on core responsibilities [3].