Chongqing: The Auto City Accelerating onto the Global Stage

Chongqing - On July 30, the new leadership of Changan Automobile Group unveiled its ambitious global strategy at the first media briefing after it was officially upgraded in Chongqing one day before as China’s third centrally administered automotive SOE.

As a central State-owned enterprise (SOE), Changan Automobile Group aims to grow into a globally competitive, world-class automaker with its independent core technologies, said Zhu Huarong at the briefing, who serves as Party Secretary and Chairman of the Group.

Accelerating globalization is a key strategy for Changan Automobile Group. According to Zhu, the Group will focus on vehicle manufacturing while integrating parts, logistics, and financial services to build a globally-oriented enterprise ecosystem. 

By 2025, it plans to sell three million vehicles —one million of them new energy vehicles (NEVs)—and reach annual revenue of 355 billion yuan, added Zhu, who also chairs Changan Automobile, the Group's core vehicle subsidiary.

By 2030, it plans to sell over five million vehicles annually, with revenue reaching RMB 600 billion and a position among the world’s top 10 automakers. Of this, NEVs will account for three million units, and overseas markets will represent over one-third of total sales.

At the briefing, Zhu said that in 2025 H1, the Group recorded revenue of 146.9 billion yuan and sold 1.355 million vehicles—its highest in nearly eight years. Of these, 452,000 were  NEVs, up 49.1% year-on-year, while overseas sales reached 299,000 units, a 5.1% increase.

Registered with 20 billion yuan (2.78 billion USD) in capital, the Group operates in vehicles, parts, finance, logistics, and motorcycles. It owns 117 subsidiaries—including Changan Automobile and Harbin Dongan Auto Engine—manages 308.7 billion yuan in assets, employs around 110,000 people, and generates annual revenue of 340 billion yuan.