CHANGAN AUTOMOBILE-B(SZ:000625) Zhong Guo Qing Nian Bao·2025-08-07 01:39Core Viewpoint - China Changan Automobile Group Co., Ltd. was officially established on July 29, 2023, becoming the third state-owned enterprise in the domestic automotive industry, following China FAW and Dongfeng Motor [2] Group 1: Company Overview - China Changan Automobile has a registered capital of 20 billion yuan and manages 117 subsidiaries, covering the entire automotive industry chain, including manufacturing, parts, sales, finance, logistics, and motorcycles [2] - The company has an asset scale exceeding 300 billion yuan and annual revenue of 340 billion yuan, with over 110,000 employees [2] Group 2: Deep Blue Automotive's Role - Deep Blue Automotive, as a key player under Changan, focuses on new energy vehicles and has achieved significant market performance and technological advancements [2][3] - Since its inception, Deep Blue has rapidly built a system for new energy, intelligence, and globalization, contributing to Changan's goal of becoming a world-class Chinese manufacturing brand [2] Group 3: Sales and Growth - Deep Blue Automotive became the sales champion among state-owned enterprise new energy brands, achieving over 100,000 units sold within 14 months of launching its first model, SL03 [3] - By October 2024, Deep Blue reached 300,000 units sold in just 27 months, and by December 2024, it surpassed 400,000 units in 29 months [3] - In the first half of 2025, Deep Blue's sales increased by 71% year-on-year, with total global deliveries exceeding 500,000 units [3] Group 4: Profitability and Technology - Deep Blue Automotive announced achieving phase profitability, becoming one of the first state-owned new energy brands to do so [3] - The company has strategically focused on electric vehicle technology, launching the Deep Blue Super Range technology to address user concerns about range anxiety [4] - Deep Blue collaborates with Huawei to develop advanced driving assistance systems, enhancing its main models [4] Group 5: User Engagement and Product Development - Since September 2022, Deep Blue has conducted nearly 30 OTA updates, pushing over 1 million vehicles, and adding more than 300 new features [5] - The company plans to launch 30 new mainstream and differentiated models over the next five years to meet diverse user needs [5] Group 6: Global Expansion Strategy - Deep Blue Automotive aims for a global presence, with plans to achieve 33% to 50% of sales from overseas markets by 2030 [5][6] - The company targets to sell 56,000 vehicles overseas by 2025, with models covering five major regions and 66 countries [5] Group 7: Future Outlook - Deep Blue Automotive is committed to dual power systems (BEV and XEV) and aims to establish six product lines by 2027 [6] - The company emphasizes technological independence and aims to enhance the strength of Chinese new energy vehicles on a global scale [6]