CNBC AI News, July 29th – A new automotive powerhouse has officially arrived. China Changan Automobile Group Co., Ltd. was formally inaugurated today in Chongqing, marking the birth of yet another state-owned automotive giant, joining the ranks of industry stalwarts like China FAW Group and Dongfeng Motor Corporation.
According to official statements, New Changan’s mission is ambitious: to forge a world-class automotive group with global competitiveness and proprietary core technologies.
China Changan Automobile Group Co., Ltd. was registered on July 27th, 2025, with a registered capital of 20 billion yuan. The legal representative is Zhu Huarong, a veteran figure in the Chinese auto industry.
The establishment of this automotive giant has already garnered significant attention, including congratulations from Xiaomi CEO Lei Jun.
Lei Jun took to social media to express his congratulations, stating, “Congratulations on the official establishment of China Changan Automobile Group! Changan Automobile’s history is an epic of struggle, weathering over 160 years of trials and tribulations, and witnessing the vicissitudes of modern Chinese industry.”
“Changan’s every step is a testament to its commitment to ‘long-termism’ and its dedication to ‘using technology for good.’ Xiaomi is willing to work with Changan and other peers to promote the progress of China’s automobile industry!”
Changan Automobile Chairman Zhu Huarong responded, “Thank you, Lei, for your blessings! I wish the Chinese automotive industry a prosperous and bright future!”
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