Changan Automobile, a world-class brand with 30% overseas sales by 2030

Zhu Huarong, the chairman of Changan Automobile Co., Ltd., and a delegate to the National People’s Congress, has taken on the responsibility of developing a national car brand.

Over the past five years, Zhu has presented 24 suggestions based on in-depth research, focusing on important topics such as improving the manufacturing industry, developing high-quality automotive industry, and promoting independent brands.

Promotion of domestic chip industrialization

As a delegate in the automotive industry, Zhu has paid special attention to the healthy and orderly development of the industry, presenting 16 suggestions.

Zhu has proposed enhancing the competitiveness of Chinese car brands and promoting the use of autonomous car brands to boost China’s economy. He has also suggested promoting the industrialization of domestic chips to strengthen industrial and supply chains.

Last year, Changan Automobile achieved its chip production target, accounting for 25% of the national total. Despite production disruptions caused by semiconductor shortages and the COVID-19 pandemic, automakers delivered 26.86 million vehicles in 2022. Vehicle sales in China are expected to grow by 3% this year, reaching 27.66 million units.

Establishing bases in Southeast Asia and headquarters in Europe

Changan Automobile focuses on independent innovation to develop original technology. In the past five years, the company has invested 60.5 billion yuan in research and development, mastering over 1,100 core technologies and nearly 6,000 patents.

The company has been a leader in developing three International Telecommunication Union (ITU) standards for intelligent connected vehicles, breaking the long-term monopoly of other countries.

Changan Automobile is marching towards becoming a world-class brand,” said Zhu. The company plans to expand in overseas markets and accelerate the construction of bases in Southeast Asia and headquarters in Europe.

Changan Automobile aims to achieve group sales of 5 million vehicles by 2030, with over 60% being new energy sales and 30% coming from overseas sales. The company will also invest over 150 billion yuan in the new automotive technology industry chain and build a team of over 10,000 people focused on scientific and technological innovation to enhance its technological strength.