Core Viewpoint - Changan Automobile has achieved impressive sales performance in the first half of the year, with a total of 1.355 million vehicles sold, marking an eight-year high, showcasing its strong capabilities as a state-owned enterprise and the effectiveness of its "three-pronged" strategy in new energy, intelligence, and globalization [1][4]. Sales Performance - In the first half of the year, Changan's sales in the new energy sector reached 450,000 units, a year-on-year increase of 48.8%, reflecting consumer recognition of its new energy products and the success of its "Shangri-La" plan [4]. - The Changan Yuyuan brand sold 38,771 units in June, with the Yuyuan Q07 model becoming the best-selling new energy medium SUV under 250,000 yuan, with over 20,000 units delivered since its launch [4][6]. - Deep Blue Automobile achieved a total delivery of 29,893 units in June, a year-on-year increase of 79%, and has delivered over 500,000 units globally [6]. - Avita delivered 10,153 new vehicles in June, a year-on-year increase of 117%, maintaining monthly sales above 10,000 units for four consecutive months [6]. Fuel Vehicle Stability and Global Expansion - Changan's fuel vehicle sales reached 471,308 units in the first half of the year, with the CS75 series selling 116,839 units, a year-on-year increase of 12.1% [7]. - The company has accelerated its global expansion, with nine overseas assembly plants operational and plans for 20 more in countries like Brazil and Indonesia, aiming for 1.2 million units in overseas sales by 2030 [7][8]. Intelligent Transformation - Changan's "Beidou Tianshu 2.0" plan, launched in February, focuses on four major intelligent upgrades, integrating AI technology into its vehicles [9][10]. - The company has developed the SDA platform, which supports advanced driving features and has achieved significant breakthroughs in intelligent driving and cockpit technology [10]. - Changan plans to invest over 200 billion yuan in the next five years for AI model development and aims to create "evolving intelligent automotive robots" [12].

Group 1: Traditional Automakers Performance - BYD remains the sales leader with 2.146 million units sold in the first half of 2025, achieving a year-on-year growth of 33% and a strong export growth of 80.6% [2][3] - Geely Automotive shows impressive growth with a total sales of over 1.4 million units, marking a 47% year-on-year increase, and its new energy vehicle sales have doubled [3][4] - Changan Automobile reaches its highest sales in nearly eight years with 1.355 million units sold, reflecting a 2% year-on-year growth, while its new energy vehicle sales grow by 48.8% [4] - Chery Group achieves a total sales of approximately 1.26 million units, a 14.5% increase, with new energy vehicle sales rising by 98.6% [4][6] - Great Wall Motors experiences slight growth with total sales of about 569,000 units, a 1.84% increase, although some brands like Ora and Tank show declines [6] Group 2: New Forces in the Automotive Market - Leap Motor tops the new energy vehicle segment with a remarkable 155.7% growth, delivering 221,700 units, surpassing Li Auto for the first time [7][9] - Xiaomi Automotive shows significant potential with a staggering 456% growth, delivering over 150,000 units, and aims for a revised target of 350,000 units [11] - Xpeng Motors also demonstrates strong performance with a 279% increase in sales, delivering 197,200 units [10][12] - NIO achieves a 30.6% year-on-year growth with over 110,000 units delivered [12] - Huawei's AITO brand, under the new forces, faces challenges with a heavy reliance on the Wenjie brand, which accounts for 80% of its total sales [10] Group 3: Market Trends and Future Outlook - The competition in the automotive market is intensifying, with a clear focus on new energy and smart technology as the main battleground [13] - Traditional and new automakers are accelerating their product and technology deployments to prepare for the second half of the year [13]

Core Viewpoint - Changan Automobile has achieved a remarkable sales figure of 1.355 million units in the first half of 2025, marking an eight-year high, amidst fierce competition in the new energy vehicle market and increasing pressure from foreign brands [1][10] Group 1: Sales Performance and Market Strategy - The sales of Changan's new energy vehicles reached 450,000 units, a year-on-year increase of 48.8%, equivalent to half the total sales of three leading new energy brands in the same period [1] - Changan has established a global presence with plans for 20 overseas factories, having already built and put into operation 9, covering over 100 countries [1] - The company is innovating at a rapid pace, generating 19 patents daily, with 70% of its 20,000 global patents being invention patents [1] Group 2: Technological Advancements and Product Development - Changan's strategic shift focuses on building technological barriers rather than just competing on production scale, with a dual strategy in the new energy sector [3] - The company is set to launch a solid-state battery prototype by the end of 2025, indicating a commitment to technological innovation [3] - The Deep Blue S09 and Q07 models showcase advanced technologies, achieving significant fuel efficiency and long-range capabilities, leading to strong market performance [3][6] Group 3: Globalization and Localized Production - The "Haina Baichuan" plan emphasizes Changan's global strategy, with the establishment of the Thailand Rayong factory as a key step in its overseas expansion [4] - This factory not only serves the ASEAN market but also integrates local R&D to optimize vehicle performance for regional conditions, achieving a 60% localization rate [4] - Changan's approach combines production, R&D, and supply chain integration, marking a shift from product export to ecosystem output [4][8] Group 4: Brand Development and Global Influence - Changan is actively enhancing its global brand presence, with multiple new models launched in Europe and participation in international standards development [9] - The company has integrated ESG principles into its global strategy, achieving significant sustainability milestones at its overseas facilities [9] - Changan's journey from a domestic leader to a global brand reflects its commitment to high-quality development and innovation in the automotive industry [10]

Core Viewpoint - The global automotive industry is undergoing significant transformation, with a shift from electric vehicle adoption to a comprehensive competition in smart electric vehicles, emphasizing the importance of brand, product, technology, and global operational systems for automakers [2][9]. Group 1: Sales Performance - In the first half of 2025, Changan Automobile achieved a remarkable sales milestone with a total of 1.355 million vehicles sold, marking an eight-year high, including 450,000 new energy vehicles, which represents a year-on-year growth of 48.8% [3]. - Changan's three major brands and five product lines have shown strong synergy, balancing new and stable offerings, with high-end smart electric brand Avita maintaining a monthly sales level of over 10,000 units for four consecutive months [6][7]. Group 2: Product and Technology Development - Changan's strategy of a "multi-brand matrix + deep technology layout" is yielding results, enhancing its competitive edge in electrification, intelligence, and globalization [7]. - The company has introduced several new models, including the Q07, S09, and UNI-Z PHEV, which are gaining market traction, while its technological innovations are being progressively realized [9][13]. - Changan's "Shangri-La" plan focuses on solid-state batteries, with the "Golden Bell" battery entering real vehicle verification, aiming for mass production by 2027 [13]. Group 3: Global Expansion Strategy - Changan's "No Overseas, No Changan" strategy emphasizes the importance of global presence, with a clear plan for global expansion targeting five core regions: Southeast Asia, Central and South America, Europe, Middle East and Africa, and Eurasia [19][21]. - The company has established over 14,000 channel outlets in more than 100 countries and is transitioning from a sales-driven model to a comprehensive ecosystem development approach [21][22]. - In January 2025, Changan's export volume reached a historic high, with a month-on-month increase of over eight times, positioning it among the top three Chinese automakers in exports [22]. Group 4: Industry Collaboration and Innovation - As a representative of state-owned enterprises, Changan is committed to industry health and stability, implementing measures to support suppliers and enhance the overall supply chain [25]. - The company has formed collaborative mechanisms with over 30 enterprises, including Huawei and Tencent, to foster innovation in smart driving and cloud platforms [26]. - Changan's focus on building a robust technological moat and its ability to respond quickly to global market changes are seen as key factors for its long-term success [27][28].

目前，足球运动已然与城市文化与活力深度链接。"苏超"热潮激发了全民足球热情，重庆铜梁龙则在中甲赛场扮演"黑马"角色，两年完成从中冠到中甲 的"三级跳"。而作为重庆本土成长起来的央企新能源品牌，长安启源坚持科技创新与社会责任并举，此次成为重庆铜梁龙足球俱乐部首席合作伙伴，未来将 以科技力量为铜梁龙征战助力，更将成为其最硬核的"保障团"与"后援团"。 "此次重庆本土车企与球队的强强联合，不仅是一场汽车与体育的跨界联动，也是长安启源对家乡球队的倾情支持。"长安启源方面表示，双方将以"山城最 佳CP"的深厚默契，共同点燃一座城市的激情，形成"城-队-车"脉搏共振。 北京商报讯（记者 刘洋）7月4日，长安启源与重庆铜梁龙足球俱乐部共同宣布，长安启源正式成为重庆铜梁龙足球俱乐部首席合作伙伴、俱乐部比赛服胸 前广告赞助商。 签约现场，重庆铜梁龙足球俱乐部核心球员、球队队长向余望身着新赛季球衣亮相，并展示印有"长安启源"文字与LOGO的新赛季球衣。此外，双方还进行 信物互赠，长安启源为球队队员们递上启源汽车钥匙，球队以签名足球回赠。 据了解，作为重庆铜梁龙足球俱乐部的官方指定用车，长安启源双旗舰车型A07与Q07凭借卓越性能 ...

重庆长安汽车股份有限公司投资者关系活动记录表 | 品牌启动，以"签约即市场"的高效模式实现本地化落地， | | --- | | 约旦 Mallouk 集团的首批订单 185 台也已经装船整备，即将 | | 起航。 | | 自 2024 年进军国际市场以后，阿维塔已形成 "阿联酋破 | | 圈、卡塔尔扩张、约旦落地" 的中东战略布局，同步推进东 | | 盟、独联体、中东非、拉美四大海外市场。截止目前，阿维 | | 塔已在泰国、阿联酋完成上市发布，渠道触点覆盖 25 个国家 | | 和地区，累计签约门店达 55 家。从国内市场的稳健增长到海 | | 外版图的持续扩张，阿维塔正以系统化的能力加速推进全球 | | 化进程。在渠道端，2025 年阿维塔国内触点已超 700 家、覆 | | 盖 200+城市，海外市场将覆盖 50 个国家和地区，布局超 160 | | 家渠道，海外目标销量 1.5 万辆，并将于 2026 年继续进军欧 | | 洲市场。 | | 三、请问公司海外各区域市场的后续规划？ | | 答：公司坚持"无海外不长安，无基地不长安"，坚定 | | "四个一"发展目标，加速海外五大区域本地化生产制造、 | ...

Core Insights - In the first half of 2025, eight major automotive groups reported a total sales volume of 11.18 million vehicles, all achieving year-on-year growth [1][2] - BYD maintained its leading position with over 2.14 million units sold, followed closely by SAIC Motor with over 2.05 million units [1][3] - Geely adjusted its annual sales target upward by 11% after achieving a 47% completion rate in the first half [1][6] Group Performance - **BYD**: Sold 2.146 million vehicles, a 33% increase year-on-year, with overseas sales reaching 472,000 units, up 132% [3][4] - **SAIC Motor**: Achieved sales of 2.053 million vehicles, a 12.4% increase, with a retail delivery of 2.207 million units [4][5] - **China FAW**: Reported sales of 1.57 million vehicles, a 6.1% increase, with a 46% target completion rate [6][10] - **Geely**: Sold 1.409 million vehicles, a 47% increase, with a significant rise in new energy vehicle sales [6][7] - **Changan**: Achieved sales of 1.355 million vehicles, marking a historical high, with new energy vehicle sales growing by 48.8% [8][9] - **Chery**: Sold 1.26 million vehicles, a 14.5% increase, with a strong export performance [9][10] - **BAIC Group**: Reported sales of 817,000 vehicles, a 6% increase, with a notable growth in its own brand sales [10] - **Great Wall Motors**: Achieved sales of 570,000 vehicles, a slight increase of 1.8%, but faced a decline in overseas sales [10] Target Achievement Rates - **Geely**: Highest target completion rate at 47% after adjusting its annual target [6][7] - **China FAW and SAIC Motor**: Both achieved a target completion rate of 46% [1][6] - **Changan**: Completed 45% of its sales target [1][8] - **Chery**: Achieved a target completion rate of 40% [1][9] - **BYD**: Completed 39% of its annual target [1][3]

长安汽车 20250625 摘要 长安汽车新能源板块目标为 100 万台，深蓝和阿维塔表现较好。海外板 块受国际形势和产品输出延迟影响，保底目标为 70 万台。计划在欧洲、 东南亚、中南美等市场发力，并进入巴西等新市场。 长安汽车计划通过完善海外产品布局，在五大区域累计投放超过 19 款 新产品，拓展市场容量至 3,000 万个渠道和销售机会。海外产能预计年 底达 46 万规模，包括泰国工厂和哈萨克斯坦等地 KD 项目。 长安汽车正积极应对关税风险，优化全球供应链布局，加强与当地政府 沟通。长期来看，对明年出海增长保持乐观，将继续扩展新市场并提高 现有市场份额。 深蓝汽车定位年轻用户群体，目标突破 30 万元价格区间，预计 2025 年全年盈利，盈亏平衡点约为 20 万台年产销规模。阿维塔定位高端品 牌，2025 年销量目标为 20 万台以上，计划上市前实现盈利。 长安汽车通过提升产品力应对中低端新能源车市场价格战，加快更新迭 代速度，每年至少推出两个版本改款车型，最多三年推出换代车型，以 稳定并增强自身竞争优势。 Q&A 长安汽车在 2025 年发布的新产品有哪些，销售情况如何？ 长安汽车在 2025 年发 ...

Core Viewpoint - The automotive market is experiencing intense competition, with numerous new models launched in 2025, leading to a significant reduction in the acceptance period for new cars [1][21]. Group 1: Sales Performance of New Models - Among the 30 new models analyzed, 14 exceeded sales expectations, achieving over 10,000 units sold shortly after launch [2]. - The Tengshi N9, launched in March, achieved sales of 4,617 units in May, surpassing its initial sales target of 3,000 units [3][4]. - The Aito M8, launched in April, has seen remarkable sales, with over 20,000 units delivered within 45 days of its launch [6]. Group 2: Competitive Landscape - The market is characterized by fierce competition, with brands like Li Auto, Geely, and BYD vying for market share in the high-end segment [4][6]. - The LYNK 900 aims to enter the top three in its segment, with a sales target of over 5,000 units in its second month [4]. - The Nissan N7 has established a foothold in the competitive 10-15 million yuan market, selling 3,034 units in May [10]. Group 3: Strategic Goals and Future Outlook - The Chang'an Q07 aims for 600,000 units by 2026, with May sales exceeding 8,000 units [8]. - The Aito brand has set a sales target of 220,000 units for the Avita 06 by 2025, with strong initial sales performance [8]. - The automotive industry is undergoing rapid changes, with brands needing to adapt quickly to maintain competitiveness [21].

Core Insights - The 2025 Chongqing International Auto Show showcases the latest trends in the automotive industry, emphasizing smart and low-carbon transportation, with a total exhibition area of 160,000 square meters and participation from 117 brands [1][6] - Local brands such as Changan, Deep Blue, and Avita have gained significant attention, with Changan showcasing its strategic transformation into a smart low-carbon travel technology company [2][3] - The event highlights the increasing importance of technology and innovation in the automotive sector, with a focus on intelligent driving and the integration of various industries [6][8] Group 1 - The auto show features 1,046 exhibited models and 93 new car debuts, reinforcing its status as a major platform for the automotive industry [1] - Changan's new models, including the Q07 SUV and E07, have attracted considerable interest, showcasing advanced features such as a "smart cockpit" and a long-range battery [2][3] - Deep Blue's S09 SUV has received 21,000 pre-orders before its official launch, indicating strong market demand for innovative vehicle designs [3] Group 2 - Avita has established itself as a benchmark in the high-end smart electric vehicle market, with cumulative sales exceeding 150,000 units and an average price of over 270,000 yuan [3] - BYD has launched the Ocean Network's Seal 06 EV at the show, targeting young families with a price range of 109,800 to 129,800 yuan, and featuring advanced safety and driving assistance technologies [6][7] - The event emphasizes the collaboration between automotive and technology sectors, with a focus on smart driving and digital services as key competitive advantages for companies [6][8]