Changan Auto Sets Ambitious Targets for Global Expansion

Chinese state-owned automaker Changan Automobile Group aims to become a top 10 global automaker by 2030, with a target of selling 5 million vehicles annually, including over 60% new energy vehicles. The company plans to expand into new markets, including robots and flying cars, and expects overseas sales to make up 30% of group sales. Changan Automobile aims to increase sales by 12% to 3 million units in 2025, generating revenues of CNY 355 billion.

Chinese state-owned automaker Changan Automobile Group has set ambitious goals to become a top 10 global automaker by 2030. The company aims to achieve an annual vehicle sales target of 5 million units, with over 60% of these being new energy vehicles (NEVs). This aggressive expansion plan includes forays into new markets such as robots and flying cars, with overseas sales expected to account for 30% of total group sales. By 2025, Changan Automobile plans to increase sales by 12% to 3 million units, generating revenues of CNY 355 billion [1].

Changan Automobile's restructuring into a centrally-owned, automotive-focused enterprise has positioned it to leverage China's industrial might. The company is backed by the China South Industries Group, a leading Chinese state-owned military-industrial conglomerate. This strategic backing has enabled Changan to invest heavily in research and development (R&D), with a focus on NEVs and innovative technologies like flying cars and humanoid robots [1].

The company's "Vast Ocean Plan" is a $15 billion global expansion strategy targeting 1.5 million annual international sales and 10,000 overseas employees by 2030. This plan includes key market strategies for regions such as Southeast Asia, the Middle East, and Europe, aiming to diversify its revenue streams and reduce overreliance on its domestic market [3]. Changan's aggressive R&D spending of 20 billion yuan over five years is expected to yield significant breakthroughs in battery technology, with the goal of commercializing solid-state batteries by 2027 [3].

Changan Automobile's financial performance has shown remarkable growth, with a 4.52% year-over-year revenue decline to CNY 34.237 billion in Q2 2025, but a 400.13% increase in net income to CNY 3.742 billion. The company's profitability is driven by NEV sales growth and cost efficiencies, with analysts projecting a 10% annual revenue growth rate for the NEV segment [3].

However, Changan Automobile faces intense competition from established players like Tesla and BYD, as well as the risks associated with high-stakes R&D projects. The company's success will depend on its ability to execute its plans and navigate geopolitical tensions and overcapacity in the NEV sector [3].

In conclusion, Changan Automobile's ambitious goals and strategic backing position it as a significant player in the global automotive industry. While the path to becoming a top 10 global automaker is fraught with challenges, the company's alignment of policy, capital, and innovation creates a compelling case for investors willing to take a long-term view.

References:
[1] https://www.just-auto.com/news/changan-aims-to-become-top-10-global-automaker/
[2] https://cnevpost.com/2025/08/04/faw-hongqi-first-flying-car-2029/
[3] https://www.ainvest.com/news/changan-accelerated-global-expansion-nev-dominance-state-backed-powerhouse-ev-revolution-2508/