CHANGAN AUTOMOBILE-B(SZ:000625) Zhong Guo Qi Che Bao Wang·2025-08-04 09:36Core Viewpoint - The establishment of China Changan Automobile Group marks a significant step in the development of China's automotive industry, with a registered capital of 20 billion yuan and total assets of 308.7 billion yuan, aiming to become a world-class automotive group with global competitiveness and independent core technologies [3][8]. Group 1: Company Overview - China Changan Automobile Group was formed from 117 subsidiaries, focusing on vehicle manufacturing, sales, automotive finance, logistics services, and motorcycles [3]. - The company has approximately 110,000 employees and aims to leverage its resources to enhance the automotive ecosystem in Chongqing [4][5]. Group 2: Technological Innovation - Over the past decade, Changan has invested more than 110 billion yuan in electrification and intelligence, developing advanced technologies such as the "Golden Bell" battery and a comprehensive smart driving system [5][6]. - The company has applied for over 14,000 patents in the last three years, with an average of 19 applications per day, and ranks first in the national enterprise technology center evaluation for 14 consecutive years [6]. Group 3: Market Performance - In the first half of the year, Changan's total revenue reached 146.9 billion yuan, with vehicle sales hitting 1.355 million units, marking an eight-year high [8]. - The sales of new energy vehicles reached 452,000 units, a year-on-year increase of 49.1%, while overseas sales grew by 5.1% to 299,000 units [8]. Group 4: Strategic Initiatives - Changan is implementing three major strategic plans: the "Shangri-La" plan for a world-class new energy vehicle platform, the "Beidou Tianshu" plan for smart driving technologies, and the "Haina Baichuan" plan for global market expansion [9][10]. - The company aims to launch over 50 new energy products globally in the next five years, with a target of 3 million global sales this year, including 1 million new energy vehicles [12][10]. Group 5: Brand Development - Changan's three major brands—Avita, Deep Blue, and Changan Origin—are positioned to lead in their respective markets, focusing on high-end intelligent electric vehicles, mainstream new energy products, and value-oriented family vehicles [14][15]. - Avita plans to introduce 17 new models by 2030, while Deep Blue aims for 30 new products, and Changan Origin targets significant growth in the mainstream new energy vehicle segment [14][15].