CHANGAN AUTOMOBILE-B(SZ:000625) Ren Min Ri Bao·2025-07-30 00:54Core Insights - China Changan Automobile Group has been established with a registered capital of 20 billion yuan and total assets of 308.7 billion yuan, formed by the restructuring of 117 subsidiaries, aiming to contribute to the development of a world-class intelligent connected new energy vehicle industry cluster in Chongqing [1] Strategic Choices - Changan has a historical connection with the nation, evolving alongside Chongqing since its relocation during the Second Sino-Japanese War, embodying the city's resilient and pioneering spirit [2] Industry Development - In 2024, Chongqing's new energy vehicle production is projected to reach 953,200 units, contributing to the city's economic growth. The Chengdu-Chongqing economic circle has developed a competitive automotive industry cluster, accounting for approximately 12% of the national automotive output [3] - Chongqing has 45 automotive manufacturers and over 1,600 regulated auto parts companies, with an annual output value exceeding 600 billion yuan. The local supply chain supports 90% of automotive parts within a 5-kilometer radius [3] - In the first half of the year, Chongqing exported 214,000 vehicles worth 17.84 billion yuan, with electric vehicle exports reaching 5.55 billion yuan, a year-on-year increase of 53.3% [3] Innovation and Development - Changan's smart factory has achieved a 40% increase in manufacturing efficiency through over 40 self-developed technologies. The company files an average of 19 patents daily [4] - The efficiency of Changan's super electric drive system is 95%, and it has developed battery low-temperature decay technology that operates effectively below -30 degrees Celsius [4] - Changan aims to produce 1.5 million vehicles in Chongqing by 2025, generating 160 billion yuan in output value [4][5] Future Outlook - Changan plans to leverage its strengths in the western region to expand its market reach globally, with a goal of achieving 30% of overseas sales by 2027 [6][7] - The company is establishing a battery materials base in Yibin and an intelligent cockpit R&D center in Mianyang, which will support a trillion-yuan automotive ecosystem in the Sichuan-Chongqing region by 2030 [6] - Changan's international operations include a factory in Thailand and plans for a European innovation center and a production base in Mexico, with its electric vehicles already sold in 103 countries and regions [6][7]