New Central Enterprise Board of Directors to Increase Holding in Chang'an Automotive
Chang'an Automotive's Two River Factory is continuously upgrading its intelligence. / Supplied by China Times
China Times reporter Huang Xiang
August 11 evening, Chang'an Automotive (000625) announced that the company and its indirect controlling shareholder, China Chang'an Automobile Group Co., Ltd. (referred to as "China Chang'an Automobile"), would collectively increase their holdings in the company's A shares through centralized bidding within six months from August 12, with a total investment of at least RMB 570 million.
On July 29 this year, China Chang'an Automobile Group Co., Ltd. was officially established in Chongqing, with Zhu Huarong serving as the group's party committee secretary and chairman.
This new central enterprise is a spin-off from the original arms equipment group, which has 117 subsidiaries. The main business includes automotive manufacturing and components, vehicle sales, financial services, logistics, and motorcycles.
Chang'an Automotive stated that this increase in holdings was based on their recognition of the company's long-term investment value and future development prospects, as well as a commitment to protecting the interests of all investors. The funds for this increase will come from internal funds or self-raised capital, and there will be no price limits set for the increase.
The main participants in this plan are China Chang'an Automobile's current board of directors and senior management team, including Chairman Zhu Huarong, Party Committee Secretary, and General Manager Zhao Fei, as well as some listed company executives and senior managers totaling 19 people.
Since the beginning of this year, China's new energy automotive market has continued to experience high growth. Previously, Chang'an Automotive released its July production and sales report, with its new energy vehicle segment continuing to make progress, with monthly sales exceeding 80,000 units.
According to the data disclosed, in July 2025, Chang'an Automotive produced 195,900 vehicles, a year-on-year increase of 34.84%, and sold 210,600 vehicles, a year-on-year increase of 23.43%. From January to July this year, the company's cumulative production reached 1.40 million units, a year-on-year increase of 1.59%, and sales reached 156.59 million units, a year-on-year increase of 4.07%.
Among them, Chang'an Automotive's new energy vehicles experienced a "big explosion" in July, with monthly production reaching 78,700 units, a year-on-year increase of 91.87%, and sales exceeding 80,000 units, a year-on-year growth of 74.05%.
According to China Chang'an Automobile's strategic planning, the company aims to reach a total vehicle production and sales volume of 5 million units by 2030, with new energy vehicles accounting for more than 60% of its sales, and overseas sales accounting for more than 30%. The goal is to become one of the top ten global automotive brands.
According to data released by the China Automobile Association, from January to July this year, passenger car sales reached 127.28 million units, a year-on-year increase of 10.1%, and in July alone, passenger car sales reached 182.6 million units, a year-on-year increase of 6.3%. Compared with the highest point of 176.8 million units in July 2023, this year's passenger car market has achieved a new high.
A relevant person from the China Automobile Association stated that from an industry market environment perspective, the effect of the "buying and replacing" policy continues to be seen, and the comprehensive regulation of the industry's "inner circulation" work is making progress. Enterprises are continuously launching new models, which has helped the car market to run stably and achieve year-on-year growth.