China Changan Automobile Group Co., Ltd. has been officially established as a new state-owned enterprise directly under the management of China’s central government, as reported by Auto-home. The group is supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, placing it among China’s centrally administered state-owned enterprises—commonly referred to as central SOEs. This designation indicates that the group operates at the same administrative level as major automotive groups, such as China FAW Group and Dongfeng Motor Corporation.

The company was formally registered on July 27 with a capital of 20 billion yuan (approx. 2.75 billion USD). Zhu Huarong, currently chairman of Changan Automobile, is listed as the legal representative of the new entity and is expected to play a key leadership role, according to earlier reports. The company is headquartered in Chongqing, and its business scope encompasses the sales of automobiles and new energy vehicles (NEVs), as well as the research and development of automotive components.

On the evening of July 28, official accounts from Changan Auto and its affiliated brands, including Changan Qiyuan and Avatr, jointly released promotional materials to mark the group’s establishment. Under the slogan “New Mission, New Journey,” the posters featured Avatr, Deepal, Qiyuan, Changan Auto, and Changan Kaicheng, representing the brands under the new group. That night, 200 Avatr vehicles were deployed at Chongqing Jiangbei International Airport in a coordinated display bearing messages celebrating the founding of the new enterprise.

The group’s first official media communication session is scheduled for July 30. Executives from the newly formed entity will make their first public appearance together. Leaders of the affiliated brands are expected to present an overview of performance in the first half of 2025 and outline business plans for the remainder of the year.

This development follows a restructuring process that began earlier this month, when a preparation team was assembled from Changan Automobile and other entities to plan the new organisation. The full integration is expected to be completed by August.

It also comes after an earlier name change involving the previous parent company of Changan Auto. On June 23, Changan Automobile disclosed that its former parent company—then named “China Changan Automobile Group Co., Ltd.”—had officially changed its name to “ChenZhi Automotive Technology Group Co., Ltd.” and completed related registration procedures. The newly formed China Changan Automobile Group is a separate entity, established under the direct supervision of SASAC as a new central SOE.