CHANGAN AUTOMOBILE-B(SZ:000625) Zheng Quan Shi Bao·2025-07-29 05:05Core Viewpoint - China Changan Automobile Group Co., Ltd. has been established in Chongqing, marking it as the third central enterprise in the domestic automotive industry after China FAW Group and Dongfeng Motor Group [4]. Group 1: Company Formation and Structure - The establishment of China Changan Automobile Group Co., Ltd. was approved by the State Council and is now under the supervision of the State-owned Assets Supervision and Administration Commission (SASAC) [2][4]. - The new group is formed from the separation of the China Ordnance Equipment Group and includes 117 subsidiaries, focusing on automotive manufacturing, sales, financial and logistics services, and motorcycles [4]. Group 2: Strategic Goals and Future Plans - The new central enterprise aims to develop intelligent automotive robots, flying cars, and embodied intelligence, while exploring a new ecosystem for multi-modal transportation [4]. - The company plans to accelerate its globalization efforts, targeting markets in Southeast Asia, the Middle East, Africa, Central and South America, Eurasia, and Europe [4]. Group 3: Industry Impact and Government Support - This restructuring is a significant step in the national push for central enterprise reform and optimization of state capital layout, enhancing the competitiveness of the Chinese automotive industry [4]. - The formation of three major central automotive enterprises in China is expected to support the high-quality development of the intelligent connected new energy vehicle industry and foster globally competitive world-class brands [4].