Group 1: Company Overview and Achievements - Changan Automobile has integrated its upstream and downstream supply chains, aiming to create a self-controlled industrial chain [1] - In 2014, Changan's self-owned brand vehicle sales surpassed 10 million, becoming the first Chinese brand to enter the "10 million club" [1] - By 2021, Changan was the first Chinese brand to exceed 20 million in production and sales, with expectations to surpass 30 million in 2025 [1] Group 2: Strategic Development Plans - Changan aims to enhance internal collaboration and external partnerships to build a globally competitive automotive group [1][2] - The company plans to achieve a global sales target of 1 million units by 2027 and 1.8 million units by 2030 for its new energy brand, Changan Qiyuan [2] - Changan will focus on low-carbon, intelligent, lightweight, and digital transformation, emphasizing innovation and international expansion [2] Group 3: Product Development and Market Strategy - Changan will develop a new electronic architecture and energy framework, targeting the creation of 3-5 globally competitive products with sales potential of 300,000 to 500,000 units each [3] - The company plans to launch several new models in the second half of 2025, including the Changan Q07 laser version and the new electric SUV B216 [5] - Changan's deep blue automotive brand aims for a 35% overseas sales share by 2030, with a commitment to releasing 30 new models by that year [4] Group 4: Financial Performance and Future Projections - In the first half of 2025, Changan achieved a total sales volume of 1.355 million vehicles, marking an 8-year high, with new energy vehicle sales reaching 452,000 units, a 49.1% increase year-on-year [4] - The company targets an overall sales goal of 5 million vehicles by 2030, with 4 million from the Changan brand and 3 million from new energy vehicles [6]

在今日举行的中国第一汽车集团有限公司第十五次党代会上，中国一汽集团董事长兼党委书记邱现东明 确了今后五年的奋斗目标：坚持"一个定位"，从现在起用三年左右时间完成关键调整期主要任务，再用 两年左右时间全面筑牢转型基础、实现发展向新突破，到2030年实现主要指标"六个超过"、产业基 础"五个领先"、运营管理"五个一流"。其中，"六个超过"是，整车销量、智能网联 新能源汽车销量、自 主品牌销量、自主品牌智能网联新能源汽车销量、海外市场销量，分别超过500万辆、300万辆、200万 辆、150万辆、70万辆；职工平均收入增速继续超过央企平均水平。 （记者 刘阳） ...

Group 1 - The establishment of China Changan Automobile Group marks the first central enterprise headquartered in Chongqing, with a focus on automotive manufacturing and services [1][3] - The new central enterprise is formed from the original Equipment Group and includes 117 subsidiaries, aiming to enhance global competitiveness and explore new markets in Southeast Asia, Middle East, Africa, Central and South America, and Europe [1][3] - China Changan Automobile Group is positioned as a key player in the restructuring of the Chinese automotive industry, with a registered capital of 20 billion yuan and total assets of 308.7 billion yuan [3] Group 2 - The company introduced its three major new energy brands: Avita, Deep Blue, and Qiyuan, each with distinct roles in high-end electric vehicle development and technological innovation [5] - Avita will focus on high-end intelligent electric vehicles, while Deep Blue will serve as a key pillar for high-quality development and global expansion [5] - Qiyuan will concentrate on core technologies such as intelligent driving assistance and smart power systems, supporting the brand's digital transformation [5] Group 3 - In the first half of the year, China Changan Automobile reported a total revenue of 146.9 billion yuan, with vehicle sales reaching 1.355 million units, marking an eight-year high [7] - The company aims to achieve total sales of 3 million vehicles for the year, including 1 million new energy vehicles, and expects a total revenue of 355 billion yuan [7] - By 2030, the company targets an annual production and sales scale of 5 million vehicles, with new energy vehicle sales accounting for over 60% and overseas sales exceeding 30% [7]

两江交汇，气象万千，山城重庆再开新局！ 7月29日，中国长安汽车集团有限公司（以下简称"新长安"）在重庆正式挂牌，第100家央企由此诞生，中国汽车产业发展史揭开新的一页。 "新长安面临的天地太广大了，我看到的全是满满的机会，有一种取之不尽用之不竭的感觉……"7月30日，中国长安汽车集团有限公司党委书记、董 事长朱华荣在新长安成立首次媒体沟通会上所言，道出了新长安面对的战略新机遇。 在朱华荣的眼中，中国长安汽车的成立，是党中央立足国家发展全局，审时度势，纵深推进国资国企改革的重大战略部署。其战略定位与建设汽车强 国、建设科技强国的需求高度契合，体现了党和国家对汽车产业的高度重视，也体现了对长安汽车的高度信任、关心和支持。 立足增量优势 全面体现央企新担当 新长安，新跨越。新长安是经国务院批准，由国务院国资委执行出资人职责的第三家汽车央企，在国资委央企名单中排名第73位。 "新成立的长安汽车集团，有利于加快发展具有全球竞争力的世界一流企业，更好地助力智能网联新能源汽车产业高质量发展；有利于长安整合相关 资源，在激烈市场竞争中闯出一条新路，开辟一片新天地，进一步做强做优做大国有企业；有利于长安更好的参与国际竞争，打 ...

Group 1: Company Overview - China Changan Automobile Group was officially established on July 29, marking the first central enterprise headquartered in Chongqing, with a registered capital of 20 billion yuan and total assets of 308.7 billion yuan [2][4] - The group is formed from Changan Automobile Co., Ltd., Changan Automobile Technology Group, and several financial subsidiaries, encompassing 117 subsidiaries and a diverse business scope including vehicle manufacturing, sales, finance, and logistics [2][4] - In the first half of the year, the group reported a revenue of 146.9 billion yuan, with vehicle sales reaching 1.355 million units, the highest in nearly eight years, and a projected annual revenue of 355 billion yuan [2][4] Group 2: Strategic Vision and Goals - The chairman, Zhu Huarong, emphasized the mission to build a world-class automobile brand, aiming for a production and sales scale of 5 million vehicles by 2030, with over 60% being new energy vehicles [2][3] - The group plans to invest over 200 billion yuan in the new automotive sector over the next decade, establishing a technology innovation team of over 10,000 people [3][5] - Future product launches will include over 50 new energy models, with a focus on creating a comprehensive brand matrix and advancing in cutting-edge technologies such as AI and quantum computing [3][5] Group 3: Industry Impact and Development - The establishment of China Changan Automobile Group is seen as a significant step in enhancing the competitiveness of China's automotive industry and optimizing state-owned capital layout [4][5] - The group aims to integrate resources effectively to navigate market competition and enhance its core capabilities, contributing to the high-quality development of the intelligent connected new energy vehicle industry [5][6] - The strategic initiatives include the "Shangri-La" plan for new energy, the "Beidou Tianshu" plan for intelligence, and the "Haina Baichuan" plan for globalization, focusing on building three major brands: Avita, Deep Blue, and Changan [5][6]

Core Viewpoint - The establishment of China Changan Automobile Group Co., Ltd. (referred to as "New Changan") marks a significant step in the transformation of China's automotive industry, aiming to become a world-class automotive group with global competitiveness and independent core technologies [1][3]. Group 1: Company Overview - New Changan was officially established with a registered capital of 20 billion yuan, making it the third automotive central enterprise in China, surpassing Dongfeng Motor Group's 15.6 billion yuan but below FAW Group's 35.4 billion yuan [1]. - The company has 117 subsidiaries, total assets of 308.7 billion yuan, and approximately 110,000 employees, focusing on vehicle manufacturing, parts, finance, and motorcycles [1]. Group 2: Strategic Goals and Plans - New Changan aims to achieve a production and sales scale of 5 million vehicles by 2030, with over 60% of sales coming from new energy vehicles (NEVs) and over 30% from overseas markets [5]. - The company plans to launch over 50 new energy vehicle products in the next five years, including more than seven global flagship models priced around 300,000 yuan [5]. - A total investment of 200 billion yuan is planned for the next decade to enhance innovation capabilities, with an additional 10,000 personnel dedicated to technology innovation [5]. Group 3: Market Positioning and Competition - New Changan is positioned to leverage both autonomous and cooperative strategies to expand its market presence, collaborating with global automotive giants and ICT companies to create a robust ecosystem [3][4]. - The company recognizes the need to adapt to changing market dynamics, shifting from traditional competitive metrics to a focus on "product power, flow power, and ecological power" [4]. Group 4: Future Outlook - New Changan is committed to driving high-quality development in China's automotive industry, emphasizing innovation in key technologies such as power batteries, automotive chips, and intelligent driving [9]. - The establishment of New Changan is seen as a necessary move to enhance the competitiveness of state-owned automotive enterprises in the rapidly evolving landscape of new energy and intelligent connected vehicles [8].

Core Viewpoint - The establishment of China Changan Automobile Group marks a significant strategic deployment by the central government to promote state-owned enterprise reform and aims to accelerate the development of a world-class automotive group with global competitiveness [2][3]. Group 1: Company Overview - China Changan Automobile Group has become an independent first-level central enterprise, on par with China FAW and Dongfeng Motor, following the separation of automotive and military businesses by China Ordnance Equipment Group [2]. - The new group aims to achieve a vehicle production and sales target of 5 million units by 2030, with over 60% of sales coming from new energy vehicles (NEVs) and over 30% from overseas markets [6]. Group 2: Strategic Plans - The company plans to accelerate the implementation of its "Shangri-La" plan for new energy, "Beidou Tianshu" plan for intelligence, and "Haina Baichuan" plan for globalization, while focusing on the development of three major brands: Avita, Deep Blue, and Changan [6][10]. - A total investment of 200 billion yuan is planned over the next decade to explore cutting-edge business models and technologies, including electric vehicles, intelligent driving, and flying cars [10][12]. Group 3: Market Expansion - The company is pursuing a global strategy with a "152" layout, targeting Southeast Asia, the Middle East, Africa, Central and South America, and Europe, implementing tailored strategies for each region [13][15]. - Changan has established 20 overseas factories, with 9 already operational, and aims to enhance its global presence through localized operations rather than merely exporting products [15][19]. Group 4: Financial Performance - In 2024, the company expects to achieve a revenue of 160 billion yuan, marking a historical high, although net profit is projected to decline by over one-third to 7.3 billion yuan due to a significant drop in fuel vehicle sales [19]. - The company faces challenges in profitability despite strong growth in NEV sales, indicating a need for strategic adjustments to improve financial performance [19].

Core Viewpoint - The establishment of China Changan Automobile Group Co., Ltd. marks a significant development in the automotive industry, positioning it as a central enterprise with a focus on innovation and global expansion [5][11][21]. Group 1: Company Overview - China Changan Automobile Group was formed from 117 subsidiaries, with a registered capital of 20 billion yuan and total assets of 308.7 billion yuan, employing approximately 110,000 people [5][11]. - The company aims to develop smart vehicles, flying cars, and other innovative transportation solutions while exploring markets in Southeast Asia, the Middle East, Africa, Central and South America, and Europe [5][16]. Group 2: Historical Context - Changan Automobile has a rich history, starting from the production of China's first jeep in 1958 to becoming a leader in the automotive sector with a focus on technological innovation and transformation towards smart and low-carbon transportation [8][11]. Group 3: Industry Impact - Chongqing, as a major industrial hub, is home to 19 vehicle manufacturers and 1,200 parts suppliers, making it a key player in China's automotive industry [11][12]. - The automotive industry in Chongqing is recovering from previous downturns, with a projected production of over 2.54 million vehicles in 2024, including 953,200 new energy vehicles, reflecting a growth rate of 90.5% [12][26]. Group 4: Future Goals - By 2030, Changan aims to achieve a production and sales scale of 5 million vehicles, with over 60% being new energy vehicles and 30% from overseas markets, aspiring to be among the top 10 global automotive brands [15][16]. - The company is committed to high-end, intelligent, and green development, focusing on three major plans: the "Shangri-La" for new energy, "Beidou" for intelligence, and "Haina Baichuan" for globalization [16][24]. Group 5: Global Expansion - Changan's recent initiatives include establishing its first overseas new energy vehicle production base in Thailand and achieving record exports, indicating a strong push for international market penetration [20][23]. - The company is part of a broader trend of Chinese automotive brands expanding globally, with significant contributions to the global electric vehicle market, which saw a 28% increase in sales in the first half of 2025 [26][27].

Core Viewpoint - The establishment of China Changan Automobile Group Co., Ltd. aims to contribute to the development of a world-class intelligent connected new energy vehicle industry cluster in Chongqing, leveraging its substantial capital and asset base [1] Group 1: Strategic Choices - Changan has a historical connection with Chongqing, having relocated there during the Second Sino-Japanese War, and has integrated deeply with the city's character [2] - In 2024, Chongqing's new energy vehicle production is projected to reach 953,200 units, providing new momentum for the city's development [2] - The Chengdu-Chongqing economic circle has formed a competitive automotive industry cluster, accounting for approximately 12% of the national automotive production [2] - Chongqing's automotive industry features a complete supply chain with 45 vehicle manufacturers and over 1,600 parts suppliers, generating an annual output value exceeding 600 billion yuan [2] - The local supply rate for Changan's production is expected to increase from 38% in 2023 to 45% in 2024, potentially driving the city's automotive parts output value to surpass 350 billion yuan [4] Group 2: Innovation and Development - Changan's smart factory has achieved a 40% increase in manufacturing efficiency through over 40 independent research and development technologies [3] - The company has a daily average of 19 patent applications over the past three years, showcasing its commitment to innovation [3] - Changan's electric drive system efficiency reaches 95%, and its battery technology can withstand temperatures as low as -30 degrees Celsius [3] - The company aims to produce 1.5 million vehicles in Chongqing by 2025, generating an output value of 160 billion yuan [3] Group 3: Future Outlook - Changan plans to leverage its strengths in the western region to expand its market reach globally, with a focus on the Belt and Road Initiative [6][7] - The company has established a collaborative model with 680 core suppliers, enhancing its production capabilities and supporting hydrogen corridor projects [6] - By 2030, Changan aims to achieve a new energy production capacity of over 3 million units in Chongqing, contributing to a trillion-yuan automotive ecosystem in the region [6] - The company is expanding its international presence, with production lines in Thailand and plans for a European innovation center and a manufacturing base in Mexico [6]

Core Insights - China Changan Automobile Group has been established with a registered capital of 20 billion yuan and total assets of 308.7 billion yuan, formed by the restructuring of 117 subsidiaries, aiming to contribute to the development of a world-class intelligent connected new energy vehicle industry cluster in Chongqing [1] Strategic Choices - Changan has a historical connection with the nation, evolving alongside Chongqing since its relocation during the Second Sino-Japanese War, embodying the city's resilient and pioneering spirit [2] Industry Development - In 2024, Chongqing's new energy vehicle production is projected to reach 953,200 units, contributing to the city's economic growth. The Chengdu-Chongqing economic circle has developed a competitive automotive industry cluster, accounting for approximately 12% of the national automotive output [3] - Chongqing has 45 automotive manufacturers and over 1,600 regulated auto parts companies, with an annual output value exceeding 600 billion yuan. The local supply chain supports 90% of automotive parts within a 5-kilometer radius [3] - In the first half of the year, Chongqing exported 214,000 vehicles worth 17.84 billion yuan, with electric vehicle exports reaching 5.55 billion yuan, a year-on-year increase of 53.3% [3] Innovation and Development - Changan's smart factory has achieved a 40% increase in manufacturing efficiency through over 40 self-developed technologies. The company files an average of 19 patents daily [4] - The efficiency of Changan's super electric drive system is 95%, and it has developed battery low-temperature decay technology that operates effectively below -30 degrees Celsius [4] - Changan aims to produce 1.5 million vehicles in Chongqing by 2025, generating 160 billion yuan in output value [4][5] Future Outlook - Changan plans to leverage its strengths in the western region to expand its market reach globally, with a goal of achieving 30% of overseas sales by 2027 [6][7] - The company is establishing a battery materials base in Yibin and an intelligent cockpit R&D center in Mianyang, which will support a trillion-yuan automotive ecosystem in the Sichuan-Chongqing region by 2030 [6] - Changan's international operations include a factory in Thailand and plans for a European innovation center and a production base in Mexico, with its electric vehicles already sold in 103 countries and regions [6][7]