CHANGAN AUTOMOBILE-B(SZ:000625) 21世纪经济报道·2025-07-30 13:41Core Viewpoint - The establishment of the new China Changan Automobile Group marks a significant transition from a secondary state-owned enterprise to a primary state-owned enterprise directly managed by the State-owned Assets Supervision and Administration Commission (SASAC), enhancing its competitive position in the automotive industry [3][4][24]. Group 1: Company Structure and Changes - The new Changan Automobile Group retains its name but has undergone substantial changes in its governance structure, now being directly overseen by SASAC, similar to other major state-owned automotive enterprises like FAW Group and Dongfeng Motor [3][4]. - The new group comprises 117 subsidiaries related to automotive operations, integrating resources previously under the former China Changan Automobile Group, which was a wholly-owned subsidiary of the China Ordnance Industry Group [4][8]. - The leadership of the new group remains consistent, with Zhu Huarong continuing as the Party Secretary and Chairman, and Tan Benhong as the Deputy Party Secretary and Director [4][5]. Group 2: Strategic Goals and Future Plans - The new Changan Automobile Group aims to achieve an annual production and sales target of 5 million vehicles by 2030, with over 60% of sales coming from new energy vehicles and more than 30% from international markets [21][22]. - To support this ambitious goal, the group plans to invest 200 billion yuan over the next decade and expand its technology innovation team by 10,000 personnel [22][23]. - The company has set a target of producing 300,000 vehicles in 2023, with a focus on new energy vehicle sales reaching 1 million units [18][19]. Group 3: Market Position and Competitive Strategy - The establishment of the new group is part of a broader strategy to enhance the global competitiveness of state-owned enterprises in the automotive sector, responding to the need for faster development in the face of competition from companies like Tesla and BYD [23][24]. - The restructuring is expected to activate the group's operational efficiency and decision-making processes, allowing for a more agile response to market demands [23][25]. - Changan's strategy includes a focus on innovation, international expansion, and maximizing the commercial value of existing products, with plans to launch over 50 new energy products globally in the next five years [22][23].