CHANGAN AUTOMOBILE-B(SZ:000625)2024-09-11 12:47Group 1: Global Expansion Plans - Changan Automobile aims to achieve a sales target of 300,000 vehicles in Southeast Asia by 2030, with the first integrated base established in the region [1] - In Europe, the sales target is also set at 300,000 vehicles by 2030, with six new energy models planned for introduction by 2027 [1] - In Central and South America, the target is 200,000 vehicles by 2030, focusing on the Mexican market [2] Group 2: New Product Launches - In 2024, Changan will launch three models in Thailand: Avita 11, Changan Qiyuan E07, and Lumin, with a total of six passenger car products planned for 2025 [1] - The Avita 07, a luxury electric SUV, is set to be officially launched on September 26, 2024, following a pre-sale [3] - The company plans to release multiple pure electric and range-extended models under the Avita brand by the end of the year [4] Group 3: Financial Performance - In the first half of 2024, Changan reported a revenue of 76.72 billion yuan, a year-on-year increase of 17.2%, and a net profit of 2.83 billion yuan [3] - The second quarter saw a revenue of 39.7 billion yuan, a quarter-on-quarter increase of 7.2% and a year-on-year increase of 28.33% [3] - The decline in net profit is attributed to a non-recurring loss of 5.02 billion yuan from the revaluation of shares in Deep Blue Automotive Technology [3] Group 4: New Energy Vehicle Goals - Changan's target for new energy vehicle sales in 2024 is 750,000 units, with specific targets of 250,000 units for the Qiyuan brand and 280,000 units for the Deep Blue brand [4] - The Avita brand aims for a sales target of 90,000 units in 2024 [4] Group 5: Smart Technology Strategy - Changan is accelerating its "Beidou Tianshu" smart technology plan, maintaining a dual approach of self-development and collaboration with companies like Huawei and Tencent [4] - The company commits to a research and development investment of no less than 5% of revenue annually [4]