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Changan Automobile Group Unveils Ambitious Plans for the Future
Changan Automobile Group Co., Ltd., a newly established central state-owned enterprise (SOE) in China, has set its sights on becoming a global top 10 automaker by 2030. The company, headquartered in Chongqing, was formally registered on July 27 with a capital of 20 billion yuan (approx. 2.75 billion USD).
The group, which unites 117 subsidiaries, including Changan Automobile, aims to focus on proprietary core technologies and global competitiveness. It targets annual sales of 5 million vehicles, with over 60% being new energy vehicles (NEVs) and over 30% of sales from overseas markets. The company plans to invest heavily in emerging technologies like intelligent vehicle robots, flying cars, and embodied AI to drive innovation and develop "new quality productive forces."
In the first half of 2025, Changan reported a revenue of 146.9 billion yuan, selling 1.355 million vehicles, including 452,000 NEVs. This represents a 49.1% year-on-year sales increase. Overseas sales also grew, reaching 299,000 vehicles. The group forecasts full-year sales of 3 million vehicles with 1 million NEVs and total revenue of 355 billion yuan for 2025.
One of Changan's most exciting developments is the Deepal brand, which is planning to unveil the world's most integrated and efficient electric drive in 2026. The Deepal S05 electric crossover has already been launched in China with a 110 km range increase. On August 1, the Deepal S05 620km BEV model with CATL's 3C battery is set to launch.
Changan is also expanding internationally, with plans to re-enter markets like South Africa, where it previously had a presence between 2008 and 2013. This time, it plans to introduce a range of cars and SUVs, including its luxury new energy brand Deepal as the flagship.
The business scope of the company encompasses the sales of automobiles and new energy vehicles (NEVs), as well as the research and development of automotive components. The newly formed China Changan Automobile Group is a separate entity, established under the direct supervision of SASAC as a new central SOE.
On July 30, the group held its first official media communication session, where leaders of the affiliated brands presented an overview of performance in the first half of 2025 and outlined business plans for the remainder of the year. The full integration of the new organization is expected to be completed by August.
The group's first official media communication session was not the only significant event in July. On July 28, 200 Avatr vehicles were deployed at Chongqing Jiangbei International Airport in a coordinated display. Official accounts from Changan Auto and its affiliated brands also released promotional materials under the slogan "New Mission, New Journey."
Zhu Huarong, currently chairman of Changan Automobile, is listed as the legal representative of the new entity. The company is supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council.
With its ambitious plans, innovative technologies, and international expansion, Changan Automobile Group is well-positioned to advance China’s strategic goal of cultivating globally competitive national champions in electric and smart mobility sectors.
[1] Changan Automobile Group Co., Ltd. Official Website [2] South China Morning Post [3] Reuters
- In line with its goal of becoming a global top 10 automaker, Changan Automobile Group plans to invest heavily in sectors like finance, transportation, and the automotive industry, with a focus on emerging technologies such as intelligent vehicle robots, flying cars, and embodied AI to drive innovation.
- As part of its international expansion, Changan Automobile Group, which includes brands like Deepal, aims to re-enter markets like South Africa and introduce new energy vehicles (NEVs), marking a significant move in the finance and automotive sectors.
