Chinese state-owned automaker China Changan Automobile Group Company Ltd (Changan Auto) has recently unveiled its ambitious goal of becoming one of the top ten global automakers by the end of the decade. This announcement follows the company’s transition into a ‘centrally owned’ automotive-focused enterprise, as part of a major restructuring within its parent company, China South Industries Group.
Headquartered in Chongqing, the newly formed Changan Automobile Group comprises 117 subsidiaries, primarily involved in component manufacturing, along with the production of passenger and commercial vehicles, motorcycles, and various automotive components. With a workforce of around 110,000 employees, the group also operates in logistics and financial services.
Zhu Huarong, the chairman of Changan Auto, emphasized the company’s mission to establish itself as a world-class automotive group with cutting-edge core technologies and global competitiveness. The company has set an ambitious target of selling five million vehicles annually by 2030, a significant increase from the 2,683,798 units sold in 2024, including vehicles produced through its partnerships with Ford and Mazda.
Changan Auto aims to have new energy vehicles (NEVs) account for over 60% of its total sales by 2030, with overseas markets contributing to 30% of group sales. The company also plans to diversify its portfolio by expanding into emerging markets such as robotics, flying cars, and embodied artificial intelligence.
In the short term, Changan Auto anticipates a 12% growth in sales to reach three million units in 2025, including one million NEVs, generating revenues of CNY 355 billion (US$ 49 billion).
As part of its strategic growth initiatives, Changan Auto is focusing on innovation, sustainability, and market expansion to achieve its long-term objectives in the global automotive industry. The company’s commitment to technological advancement and market diversification underscores its determination to secure a prominent position among the world’s leading automakers.
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