Core Viewpoint - The global automotive industry is undergoing a significant transformation, with China leading the way in the electric vehicle sector, particularly through the strategic upgrade of Changan Automobile Group, which aims to enhance its global competitiveness and high-end positioning [1][3][9]. Group 1: Industry Overview - As of June 2025, global sales of new energy passenger vehicles reached 1.8 million units, marking a 24% year-on-year increase, with China accounting for 1.11 million units sold and a growth rate of 28% [1]. - The establishment of Changan Automobile Group as China's third automotive state-owned enterprise reflects the need for globally competitive companies in the automotive sector [3]. - Changan's total assets amount to 308.7 billion yuan, with approximately 110,000 employees, covering the entire automotive value chain [3]. Group 2: Strategic Goals - Changan aims to achieve a production and sales scale of 5 million vehicles by 2030, with new energy vehicle sales exceeding 60% and overseas sales exceeding 30% [5]. - The new group will leverage three key brands—Avita, Deep Blue, and Changan Qiyuan—to target different market segments and drive collaborative growth [5][7]. Group 3: Brand Development - Avita plans to launch 17 new models by 2030, focusing on luxury smart electric vehicles, with a presence in over 25 countries [5]. - Deep Blue targets the mid-to-high-end market, planning to release 30 new models over the next five years, with a new product every two weeks for two months starting in August [7]. - Changan Qiyuan aims for global sales to exceed 1 million units by 2027 and 1.8 million units by 2030, with a focus on smart mobility solutions [7]. Group 4: Market Positioning - The restructuring of Changan Automobile represents a strategic move to enhance China's automotive industry's global competitiveness while maintaining innovation and market responsiveness [9]. - The upgraded Changan is seen as a potential game-changer in the global automotive landscape, embodying China's ambition to transition from a large automotive market to a strong one [9].