Wedoany.com Report-Jul. 29, Changan Automobile Co has been restructured into an independent automaker directly overseen by China’s central government, as reported by CCTV News. The company, based in Chongqing Municipality, is now the third centrally-administered automotive group under the State-owned Assets Supervision and Administration Commission (SASAC), joining FAW Group and Dongfeng Motor.

An automatic assembly line is pictured at a smart factory of Changan Auto in Chongqing, southwest China, Jan. 9, 2025.

Previously a subsidiary of China South Industries Group Corp, Changan now operates 117 subsidiaries, focusing on innovative technologies such as smart vehicles, robotics, flying cars, and embodied intelligence. The restructuring aims to enhance the company’s competitiveness in advanced manufacturing sectors.

A Changan representative stated: “This restructuring marks a pivotal moment for Changan Automobile, enabling us to accelerate innovation in smart and sustainable mobility solutions while expanding our presence in global markets.”

Changan is pursuing international growth, targeting regions including Southeast Asia, the Middle East, Central and South America, and Europe. This aligns with efforts to strengthen China’s automotive industry through strategic advancements and global outreach.

In the first half of 2025, Changan sold 1.355 million vehicles, with new energy vehicle (NEV) sales reaching 450,000 units, a 48.8% increase compared to the previous year. This growth reflects the company’s focus on sustainable automotive solutions to meet rising demand.

In February 2025, Changan and Dongfeng Automobile announced restructuring plans for their controlling shareholders, both state-owned enterprises under SASAC. Zhang Yuzhuo, SASAC chairman, stated in March 2024: “The commission will adjust policies to conduct separate assessments of the NEV operations of the three state-owned automakers. The assessment criteria will include technology, market share, and the future development of the enterprises.”

The restructuring supports China’s broader strategy to optimize state-owned enterprises and enhance the global competitiveness of its automotive sector. By focusing on cutting-edge technologies and expanding market presence, Changan aims to contribute to sustainable development and innovation in the industry.