CHANGAN AUTOMOBILE-B(SZ:000625) Hua Xia Shi Bao·2025-07-31 07:58Core Viewpoint - The establishment of China Chang'an Automobile Group marks the creation of the 100th central enterprise in China, representing a significant milestone for both the company and the city of Chongqing [1][2]. Company Overview - China Chang'an Automobile Group was officially established on July 29, with a registered capital of 20 billion yuan and is headquartered in Chongqing [3]. - The new central enterprise is formed from the automotive business of the former Equipment Group, which has 117 subsidiaries and focuses on vehicle manufacturing, sales, and related services [1][3]. - The company aims to develop smart vehicles, flying cars, and integrated transportation solutions while accelerating its global expansion into Southeast Asia, the Middle East, Africa, Central and South America, and Europe [1]. Industry Context - This new central enterprise is the third automotive central enterprise in China, following China FAW Group and Dongfeng Motor Group [2]. - The restructuring aligns with the national goal of enhancing the competitiveness of the automotive industry and optimizing state-owned capital [4]. - The automotive sector is experiencing accelerated consolidation, with a focus on strategic emerging industries and technological advancements [4][5]. Performance and Future Plans - In the first half of the year, Chang'an Automobile achieved a total sales volume of 1.3553 million vehicles, a year-on-year increase of 1.59%, with electric vehicle sales growing by 49% [4]. - The company plans to hold its first media communication meeting on July 30, where management will discuss performance and future business strategies [5].