Chongqing Changan Atuomobile Co., Ltd.
长安汽车
000625
Shenzhen Stock Exchange
Company Profile
1. Cultural leadership. The Company has consistently adhered to its historical cultural values and core spirit, characterized by being innovative and adaptive, open and inclusive, scientific and rational, resilient and unyielding. The Company continues to strengthen its role as a cultural leader within the organization. In 1981, responding to the national initiative to convert military technology for civilian use, the Company entered the automotive industry from scratch, laying the foundation for its future development. The second transformation phase began in 2003, during which the Company successfully expanded the passenger vehicle market and accelerated its globalization, achieving significant growth in both scale and technology. In 2017, the Company launched its third transformation phase, transforming into an intelligent low-carbon mobility technology company and sequentially introducing its three major strategic initiatives: the Green Plan, the Intelligent Plan and the Vast Ocean Plan. With the establishment of intelligent EV brands, including DEEPAL and AVATR, the Company is on its way to becoming a world-class automotive brand. Currently, the Company is implementing the "Changan Automobile Corporate Culture Development Plan (2026–2030)," updating the "Changan Automobile Leading Culture Philosophy 5.0," and developing the Changan Automobile Museum to further promote and preserve the Company's cultural legacy. The consistent corporate culture and core values continue to drive the Company as a leading Chinese automotive brand, guiding its upward trajectory and global ambitions. 2. Strategic planning and execution. The Company adheres to a strategic management framework guided by a ten-year vision, five-year plans, three-year programs, and annual budgets. Through systematic planning of the 15th Five-Year Plan, the Company continuously optimizes its strategic planning and strengthens the effectiveness of strategic execution. In the NEV sector, the Company completed capital increase for CATL-Changan EV Battery and DEEPAL Automobile. In collaboration with Talent New Energy, the Company successfully validated a prototype oxygen-polymer composite solid-state battery cell, achieving an energy density of 400 Wh/kg. The capacity expansion project at CATL-Changan EV Battery resulted in an additional 50 GWh of power battery production capacity. With regard to intelligent mobility, the Intelligent Plan 2.0 continues to advance while the Company actively promotes strategic financing rounds for Changan Technology. AI empowerment is central to the "11811" digital transformation plan, under which 11 transformation teams drive six major intelligent and digital initiatives. The Company released the Enterprise Data Architecture Blueprint 2.0 and established the Global Data Security Management Guidelines, reinforcing governance across its data ecosystem and accelerating digital transformation. The Changan SDA Intelligence technology brand was launched, extending safety from physical protection to a full-spectrum security approach. The Company obtained the first batch of Level 3 autonomous driving product permits and China's first dedicated Level 3 autonomous vehicle license plate. The Company is also actively developing strategic emerging technologies. It completed prototype verification of automotive ecosystem robots, finalized registration of an eVTOL joint venture, completed the development of a prototype test bench for in-vehicle optical communication and a prototype vehicle equipped with NearLink standard digital key. Globally, the Company's sales network now spans 117 countries and regions worldwide. It has established seven tiered parts centers at different levels, five service engineering centers, and four self-operated call centers, covering over 100 countries and regions. Over ten KD projects have entered mass production, with a dedicated KD project management system ensuring robust global production. The global logistics system has been continuously enhanced, and the Global Logistics One-Network 2.0 plan now covers major shipping routes and ports, improving domestic delivery efficiency by over 20%. The digital and intelligent supply chain is steadily taking shape, with supplier onboarding, strategy and pricing processes restructured to increase efficiency by 45%. The Global Purchasing Platform is fully operational, embedding AI agents to enhance supply transparency, streamline workflows, and maximize delivery efficiency. Through the continuous advancement of its three major strategic initiatives, the Company has entered a new phase of transformation. 3. Talent and organizational capability. The Company leverages its industrial chain synergies to strengthen the organizational foundation for developing new quality productive forces. It is systematically advancing the transformation of its global talent and organizational systems to unlock innovation and enhance organizational vitality. The Company's indirect controlling shareholder, China Changan Automobile Group, operates across the full automotive value chain, including research and development, manufacturing, trading, logistics, and ecosystem services, and possesses strong end-to-end automotive solution capabilities. By building integrated operating units that combine vehicle manufacturing, components, and service ecosystems, China Changan Automobile Group has established a collaborative system that supports both manufacturing and operational ecosystems. It has also developed a deeply integrated model featuring "vertical integration of technology, division of manufacturing expertise, and shared capacity platforms," enabling all business segments to evolve in a coordinated manner, strengthening internal synergies, and supporting the Company's ambition to become a world-class automotive brand. At the same time, China Changan Automobile Group continues to foster an open, collaborative, and mutually beneficial ecosystem for sustainable development. It is building a supply chain that is independent, secure, and reliable, while actively promoting the application of forward-looking technologies, industrial chain integration, and collaborative innovation across the supply chain. Strategic partnerships with leading global enterprises continue to deepen, providing a solid organizational foundation for the ongoing advancement of the Company's three major strategic initiatives. Internally, the Company is optimizing its organizational structure under the principle of "lean headquarters, business units, independent brands, and shared development." It is building group-level efficiency platforms and refining its organizational structure to better align with business needs. Overseas team development has been strengthened to enable localized operations in key markets. The Company continues to integrate internal platform resources to improve efficiency through shared services. The Company has also reformed its compensation, incentive, and accountability mechanisms, optimizing compensation structures and salary frameworks. It continues to strengthen its global talent pipeline through ongoing external recruitment, while enhancing support for international employees by improving policies related to overseas leave, safety allowances, and overall employee well-being. 4. Technology and R&D capabilities. The Company remains committed to innovation-driven development, continuously strengthening the supply of key and core technologies to support high-quality industrial growth.
Full description
The Company operates in the automobile manufacturing industry, with its main businesses covering the R&D, manufacturing and sales of complete vehicles as well as the R&D and production of engines. The Company is actively developing key EV technologies represented by batteries, motors and electric control systems, intelligent technologies such as intelligent cockpit and pilot, as well as new businesses including automotive lifestyle services, new marketing and battery swapping services, accelerating exploration in industrial finance and used cars, and making forward-looking moves in emerging fields such as embodied intelligence and low-altitude economy, boosting the transformation of Changan Automobile into an intelligent low-carbon mobility technology company. Adhering to its mission to lead sustainable mobility and benefit human life, Changan Automobile has been firmly advancing the Third Strategic Transformation Plan, accelerating the transformation into an intelligent low-carbon mobility technology company and a world-class automotive brand. The Company has been actively developing intelligent connected NEVs and established three brands: CHANGAN, DEEPAL and AVATR. Among them, the CHANGAN brand has three series: CHANGAN, CHANGAN NEVO and CHANGAN LCV, forming a differentiated brand matrix. The Company also maintains joint venture brands such as Changan Ford and Changan Mazda. In the traditional fuel vehicle sector, Changan Automobile launched a series of classic proprietary models, including the CS series, EADO series and the UNI series, and joint venture models, among which a number of well-known products include the all-new Mondeo, the all-new Nautilus, CX-5 and Axela. In the NEV sector, the Company rolled out a number of new energy models including CHANGAN NEVO Q07, CHANGAN NEVO A07, CHANGAN NEVO A06, the all-new CHANGAN NEVO Q05, DEEPAL S09, DEEPAL S07, DEEPAL L06, DEEPAL S05, DEEPAL G318, AVATR 12, AVATR 11, AVATR 07, AVATR 06, MAZDA EZ-60, CHANGAN V919, HUNTER and LUMIN. It underscores Changan's commitment to delivering optimal products and services for its customers. The Company firmly adheres to a coordinated development of independent operations and joint venture businesses. The Company is dedicated to delivering classic products for its customers with the development of homegrown brands including CHANGAN, CHANGAN NEVO, CHANGAN LCV, DEEPAL and AVATR. Through joint ventures including Changan Ford and Changan Mazda, the Company continues to deepen partnerships and explore new cooperation opportunities on a global scale.