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]

Group 1: China Changan Automobile Group - China Changan Automobile Group was established in Chongqing on July 29, 2023, as a new central enterprise formed from the split of the former Equipment Group, comprising 117 subsidiaries [1] - The new enterprise will focus on developing intelligent vehicles, flying cars, and exploring a new ecosystem for transportation across land, sea, and air, while accelerating globalization and expanding into five major regional markets [1] - This restructuring is a significant step in the national push for central enterprise reform and optimizing state-owned capital layout, aimed at enhancing the competitiveness of China's automotive industry [1] Group 2: Changan Automobile Holdings - Changan Automobile announced on July 29, 2023, that its indirect controlling shareholder has changed to China Changan Automobile following the signing of a split agreement with the Equipment Group [2] - After the acquisition, China Changan Automobile directly holds 1,410,747,155 shares of Changan Automobile, representing 14.23% of the total share capital, and indirectly holds an additional 20.81% through subsidiaries, totaling 35.04% [2] Group 3: Xiaomi and Ideal Auto - Xiaomi announced the rollout of its end-to-end driving assistance system for the Xiaomi SU7 series, emphasizing that current assistance features are not equivalent to full autonomous driving [3] - Ideal Auto revealed the pricing for its new model, the Ideal i8, starting at 321,800 yuan, with deliveries set to begin on August 20, 2023 [3] Group 4: Leadership Changes at Dongfeng Liuzhou - Dongfeng Liuzhou Automobile Company appointed Liu Xiaoping as the new Party Secretary on July 29, 2023, along with other leadership changes [4] Group 5: Chery Automobile's Flying Car Patent - Chery Automobile announced a patent for a folding wing mechanism for flying cars, allowing them to be parked in standard parking spaces, enhancing space efficiency [5] Group 6: Stellantis Financial Performance - Stellantis reported a net revenue of 74.3 billion euros for the first half of 2023, a 13% decrease year-on-year, primarily due to declines in North America and Europe, partially offset by growth in South America [6] - The company also reported a net loss of 2.3 billion euros for the first half of 2023, compared to a net profit of 5.6 billion euros in the same period last year [6] Group 7: Nissan's Global Restructuring - Nissan announced plans to consolidate its automotive production in Mexico into the Aguascalientes plant by the fiscal year 2025, aiming to improve production and logistics efficiency [7] - The restructuring plan includes reducing the number of global production bases from 17 to 10 [7]

7月29日，国务院国资委发布关于组建中国长安汽车集团有限公司的公告称，经国务院批准，组建中国 长安汽车集团有限公司，由国务院国有资产监督管理委员会代表国务院履行出资人职责，列入国务院国 有资产监督管理委员会履行出资人职责的企业名单。 当日，中国长安汽车集团有限公司在重庆挂牌成立。至此，国务院国资委履行出资人职责的中央企业达 100家。我国形成中国一汽、东风公司、中国长安汽车三大央企汽车集团。 探索海陆空立体出行新生态 最新数据显示，上半年，长安汽车累计销量135.53万辆，同比增长1.59%；新能源汽车累计销量45.17万 辆，同比增长49.05%。 "新央企未来将着力打造智能汽车机器人、飞行汽车、具身智能等新质生产力，探索海陆空立体出行新 生态，并加速全球化发展。"中国长安汽车集团负责人表示。 国务院国资委相关负责人表示，至此，我国形成的三大央企汽车集团，将更好助力智能网联新能源汽车 产业高质量发展，加快发展具有全球竞争力的世界一流品牌。 根据国资委公布的最新央企名录显示，中国长安汽车集团位列73位。同日，国务院国资委还公布了中国 长安汽车集团领导人员职务调整信息：朱华荣任中国长安汽车集团有限公司党委书记、 ...

Core Viewpoint - The establishment of China Changan Automobile Group is a significant step in advancing the development of the country's new energy vehicle industry and enhancing the automotive power strategy [2][3]. Group 1: Strategic Goals and Innovations - China Changan Automobile aims to establish itself as a leading enterprise in intelligent connected new energy vehicles, focusing on strategic advancement, innovation leadership, efficient governance, and functional excellence [3]. - The company will prioritize innovation-driven development, emphasizing self-innovation and tackling key technologies such as power batteries, automotive chips, and intelligent driving [3]. - The company is committed to enhancing its governance structure, implementing lean management, and improving organizational agility and market competitiveness [3]. Group 2: Integration with Local Development - The establishment of China Changan Automobile is seen as a crucial measure for deepening state-owned enterprise reform and optimizing the layout and structure of the state-owned economy [5]. - The company is encouraged to actively integrate into the modernization of Chongqing, serving both national and global markets while contributing to high-quality manufacturing development [5]. - Chongqing will focus on supporting China Changan Automobile in achieving its strategic mission, providing high-quality services and innovative policy support [5]. Group 3: Brand Development - China Changan Automobile will continue to develop its three major brands: Avita, Deep Blue, and Changan, while deepening cooperation between central and local governments to drive development in the western region [7]. - The company aims to contribute significantly to Chongqing's goal of becoming a hub for intelligent connected new energy vehicles and a key player in the modern manufacturing cluster [7].

Core Viewpoint - The establishment of China Changan Automobile Group Co., Ltd. marks the launch of the first central enterprise headquartered in Chongqing, enhancing the competitive landscape of China's automotive industry [1] Group 1: Company Formation - The founding conference of China Changan Automobile Group was held on July 29 in Chongqing [1] - This event signifies the operational commencement of a major central enterprise in the region [1] Group 2: Industry Impact - The formation of this group contributes to the establishment of three major central automotive enterprises in China: China FAW, Dongfeng Motor Corporation, and China Changan Automobile [1] - The initiative aims to support the high-quality development of the intelligent connected new energy vehicle industry [1] - It is expected to accelerate the development of globally competitive, world-class automotive brands [1]

Group 1 - The establishment of China Chang'an Automobile Group Co., Ltd. marks the creation of another new central enterprise in the automotive sector, following China FAW and Dongfeng Motor [1] - The new group was formed through the separation of the automotive business from the original Equipment Manufacturing Group, with a registered capital of 20 billion yuan [1] - The main business operations of the new group include vehicle manufacturing, parts production, sales, financial and logistics services, and motorcycles [1] Group 2 - The restructuring is part of the national strategy to promote central enterprise reform and optimize the layout of state-owned capital, enhancing the competitiveness of China's automotive industry [2] - The formation of three major central automotive enterprises is expected to support the high-quality development of intelligent connected new energy vehicles and accelerate the development of globally competitive world-class brands [2]

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, with a registered capital of 20 billion yuan and total assets of 308.7 billion yuan [1]. Strategic Choices - Changan has a deep historical connection with the nation, evolving alongside Chongqing since its relocation during the Second Sino-Japanese War in 1937 [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 [3]. - The Chengdu-Chongqing economic circle has formed a competitive automotive industry cluster, accounting for approximately 12% of the national automotive output, with over 45 vehicle manufacturers and more than 1,600 parts suppliers [3]. - Chongqing's automotive exports reached 214,000 units in the first half of the year, with an export value of 17.84 billion yuan, including 5.55 billion yuan from electric vehicles, marking a 53.3% year-on-year increase [3]. Innovation and Development - Changan's smart factory has achieved a 40% increase in manufacturing efficiency through over 40 independent research and development technologies [4]. - The company has a daily average of 19 patent applications over the past three years, with significant advancements in electric drive systems and battery technology [4]. - AEB (Automatic Emergency Braking) system usage has exceeded 400,000 times, enhancing vehicle safety [4]. Future Outlook - Changan aims to increase local parts supply from 38% in 2023 to 45% in 2024, potentially driving the city's automotive parts output to over 350 billion yuan [5]. - The company plans to produce 1.5 million vehicles in Chongqing by 2025, generating 160 billion yuan in output [4]. - Changan is expanding its global footprint, with plans for a battery materials base in Yibin and a smart cockpit R&D center in Mianyang, targeting a production capacity of over 3 million new energy vehicles by 2030 [6]. Global Expansion - Changan's overseas sales are projected to reach 30% by 2027, reinforcing Chongqing's position as an automotive hub along the Belt and Road Initiative [7].

据新华社电 国务院国资委29日发布公告称，经国务院批 准，组建中国长安汽车集团有限公司，由国务院国有资 产监督管理委员会代表国务院履行出资人职责，列入国 务院国有资产监督管理委员会履行出资人职责的企业名 单。 当日，中国长安汽车集团有限公司成立大会在重庆举 行，标志着首家总部落户重庆的一级央企开始挂牌运 营。 这家新央企由原兵器装备集团分立而成，拥有117家分公 司和子公司，主要经营业务有汽车整车及零部件、汽车 销售、摩托车、金融及物流服务等。中国长安汽车集团 负责人表示，新央企未来将着力打造智能汽车机器人、 具身智能等新质生产力，探索海陆空立体出行新生态，并加速全球化发展，加快开拓东南亚、中东非 洲、中南美洲、欧亚、欧洲五大区域市场。 国务院国资委网站显示，此次改革后，国务院国资委监管的中央企业数量共计100家，中国长安汽车集 团位列"央企名录"第73位。 至此，我国形成中国一汽、东风公司、中国长安汽车三大央企汽车集团，将更好助力智能网联新能源汽 车产业高质量发展，加快发展世界一流品牌。 ...

Core Viewpoint - China Changan Automobile Group Co., Ltd. was established with a registered capital of 20 billion yuan and total assets of 308.7 billion yuan, aiming to contribute to the development of a world-class intelligent connected new energy vehicle industry cluster in Chongqing [1] Group 1: Company Overview - Changan has a historical legacy dating back to 1862 and has evolved alongside Chongqing, embodying the city's resilient and pioneering spirit [2] - The company is a central enterprise formed by the restructuring of 117 subsidiaries and branches of Changan Automobile [1] Group 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 [3] - The Chengdu-Chongqing economic circle has developed a competitive automotive industry cluster, accounting for approximately 12% of the national automotive production [3] - Chongqing's automotive industry includes 45 vehicle manufacturers and over 1,600 automotive parts companies, with an annual output value exceeding 600 billion yuan [3] Group 3: Innovation and Technology - Changan's smart factory has achieved a 40% increase in manufacturing efficiency through over 40 independent research and development technologies [4] - The company has a daily average of 19 patent applications over the past three years, showcasing its commitment to innovation [4] - Changan's electric drive system efficiency reaches 95%, and it has developed battery technologies that withstand temperatures below -30 degrees Celsius [4] Group 4: Future Prospects - Changan aims to produce 1.5 million vehicles in Chongqing by 2025, generating an output value of 160 billion yuan [4] - The local parts supply rate is expected to increase from 38% in 2023 to 45% in 2024, driving the city's automotive parts output value to exceed 350 billion yuan [5] - By 2030, Changan plans to achieve a new energy production capacity of over 3 million units in Chongqing, creating a trillion-yuan automotive ecosystem in the Sichuan-Chongqing region [5] Group 5: Global Expansion - Changan has established production bases in Thailand, Europe, and Mexico, aiming to penetrate high-end markets [6] - The company exported 214,000 vehicles in the first half of the year, with an export value of 17.84 billion yuan, including 5.55 billion yuan from electric vehicles, marking a 53.3% year-on-year increase [3][6] - By 2027, Changan aims for overseas sales to account for 30% of its total sales, reinforcing Chongqing's position as an automotive industry hub along the Belt and Road Initiative [6]

Group 1 - The establishment of China Changan Automobile Group marks the first central enterprise headquartered in Chongqing, enhancing the competitive landscape of China's automotive industry with three major state-owned automotive groups [1][3] - The new group has a registered capital of 20 billion yuan and is ranked 73rd in the central enterprise directory managed by the State-owned Assets Supervision and Administration Commission (SASAC) [1][2] - Changan Automobile's sales reached 1.355 million units in the first half of the year, a 6.8% increase year-on-year, with electric vehicle sales growing by 48.8% to 450,000 units [2][3] Group 2 - The restructuring of the new central enterprise is part of the national initiative to reform state-owned enterprises and optimize state capital allocation, focusing on specialized operations rather than scale integration [3] - The new group aims to develop intelligent vehicles, flying cars, and a multi-modal transportation ecosystem while expanding into five major global markets [3][4] - The establishment of the new central enterprise is expected to contribute to the economic development of Chongqing, enhancing GDP and attracting high-end talent [4][5]