CHANGAN AUTOMOBILE-B(SZ:000625) Zheng Quan Shi Bao Wang·2025-07-30 11:05Core Insights - China Changan Automobile Group has been established as the third automotive central enterprise in China, with a strategic goal to become a world-class automotive group with global competitiveness and independent core technologies by 2030 [1] Group 1: Strategic Goals - The company aims to achieve a production and sales scale of 5 million vehicles by 2030, with over 60% of sales coming from new energy vehicles and over 30% from overseas markets [1] - The company aspires to rank among the top ten global automotive brands and become a world-class automotive brand [1] Group 2: Brand Development - "New Central Enterprise New Luxury Avita" will continue as Changan's high-end intelligent electric brand, leveraging strategic resources for accelerated development in the smart mobility sector [1] - "New Central Enterprise New Deep Blue" will serve as a key pillar for high-quality development and global expansion, focusing on the brand mission of the central enterprise [1] - "New Central Enterprise New Origin" will concentrate on core technologies such as intelligent driving assistance and smart power systems to support digital transformation [1] Group 3: Financial Performance - In the first half of the year, Changan's total revenue reached 146.9 billion yuan, with vehicle sales of 1.355 million units, marking an eight-year high [2] - New energy vehicle sales reached 452,000 units, a year-on-year increase of 49.1%, while overseas sales grew by 5.1% to 299,000 units [2] - The company expects to achieve total sales of 3 million vehicles for the year, including 1 million new energy vehicles, with projected annual revenue of 355 billion yuan [2] Group 4: Strategic Initiatives - The company will implement several strategic plans, including the "Shangri-La" plan to create a world-class dedicated platform for new energy vehicles, aiming for an annual production scale of 1 million units [4] - The "Beidou Tianshu" initiative will focus on core technologies related to intelligent driving and safety, enhancing technological competitiveness [4] - The "Haina Baichuan" strategy will accelerate overseas market expansion and localize operations globally [4] Group 5: Product Development - Changan predicts that future vehicles will be "evolutionary intelligent automotive robots," planning to launch over 50 new energy products globally in the next five years [5] - The company will invest over 200 billion yuan in the new automotive sector over the next decade, expanding its technology innovation team by over 10,000 personnel [5] Group 6: Ecosystem and Services - The company aims to strengthen vertical integration and collaboration within the industry ecosystem, enhancing supply chain resilience [6] - Changan will focus on automotive finance and after-market services, innovating financial products to support the real economy [6] - The company plans to leverage AI technology to enhance service offerings, creating a differentiated service brand [6]