Core Viewpoint - Changan Automobile clarified that the name change of its controlling shareholder to "Chanzhi Automotive Technology Group" does not affect its shareholding structure or operational activities, and there will be no change in the company's brand name [2][5][6]. Group 1: Company Structure and Changes - Changan Automobile's controlling shareholder, previously known as "China Changan Automobile Group Co., Ltd.", has changed its name to "Chanzhi Automotive Technology Group Co., Ltd." This entity holds a 17.99% stake in Changan Automobile [2][4]. - The name change is part of a broader restructuring within the China Weapon Equipment Group, which has received approval from the State-owned Assets Supervision and Administration Commission (SASAC) for a split, leading to the establishment of an independent central enterprise for its automotive business [5]. Group 2: Business Operations and Performance - Changan Automobile is one of China's four major automotive groups, with a history of 162 years and 40 years of vehicle manufacturing experience. It operates 14 manufacturing bases and 34 factories globally [7]. - The company reported an expected domestic sales volume of approximately 2.1476 million units for 2024, a slight decrease year-on-year, while overseas sales are projected to reach about 536,200 units, representing a nearly 50% increase [7]. - Changan plans to expand its global market presence in 2025, introducing multiple new and updated products, including seven new energy vehicles, as part of its transition towards becoming a smart low-carbon mobility technology company [7].