Changan
Compare Changan…Chongqing Changan Automobile Company Limited manufactures and sells passenger vehicles and light commercial vehicles in China.
SectorsElectric Vehicles
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ChanganChongqing Changan Automobile Company Limited manufactures and sells passenger vehicles and light commercial vehicles in China.
| Date / Model | Huawei Tech | CATL Battery | Pricing / Volume |
|---|---|---|---|
| 2018-08. Changan Nio JV founded | N/A (NIO partner) | N/A | Initial JV between Changan + NIO; abandoned 2019 |
| 2021-11. Avatr refounded with Huawei + CATL | HarmonyOS HiCar (early) | CATL Qilin or NCM 811 | Changan ~41%, CATL ~14% (equity); Huawei tech partner (no Avatr equity) |
| 2022-08. Avatr 11 launches (SUV) | HiCar + Huawei ADS 1.0 | CATL NCM 90 kWh | RMB 349K to 609K (~$48K to $84K); ~5K monthly initial run-rate |
| 2023-12. Avatr 12 launches (sedan) | HarmonyOS 4 + ADS 2.0 | CATL NCM 90 kWh, 800V architecture | RMB 309K to 405K (~$43K to $56K); coupe-sedan competitor to NIO ET7 |
| 2024-08. Avatr 07 launches (mid SUV) | HarmonyOS 4 + ADS 3.0 | CATL Shenxing LFP fast-charge | RMB 219K to 309K (~$30K to $43K); volume-targeting mid-segment |
| 2024-11. Avatr 12 facelift | HarmonyOS 5 + ADS 3.0 (city) | CATL Shenxing Plus | Price-cut + ADS city navigation enabled; volume push |
| 2025-Q1. Avatr 06 launches (compact SUV) | HarmonyOS 5 + ADS 3.0 | CATL NCM LFP variants | RMB 200K+ (~$28K+); entry-level Avatr; meant to scale unit volume past 200K/yr |
| 2025-Q3. Monthly deliveries reach 12K+ | Avg HiCar + ADS adoption | CATL is sole cell supplier | Cumulative deliveries since 2022 exceed 200K units |
| Equity structure (current) | Huawei: tech partner, no Avatr equity (Avatr bought 10% of Huawei's Yinwang unit for RMB 11.5B, Aug 2024) | CATL: cell supply contract + ~14% equity stake | Changan ~41% (largest shareholder) + manufacturing; Chongqing Chengan Foundation ~11% + other financial investors |
| Cross-reference | Huawei HIMA model partners include Seres (Aito), JAC, BAIC, GAC | CATL supplies dozens of OEMs | Avatr is the HIMA-tier partner that took direct equity in Huawei's smart-car unit (10% of Yinwang), rather than Huawei holding equity in Avatr |
$000625.SZ· Deepal, Avatr
Produces mainstream to premium EVs through Deepal, Avatr (JV with CATL/Huawei), and Changan Nevo sub-brands. One of China's top 5 automakers with 2.7M+ total annual sales in 2024 and ~735K NEV deliveries (rapid YoY growth). Leverages strategic partnerships with Huawei for smart driving and CATL for batteries to compete in the intelligent EV segment.
Key Milestones
Changan traces its origins to the Shanghai Foreign Gun Bureau (Qing Dynasty); evolves through Republican-era arms manufacturing and enters automotive in 1957 with the first 'Changjiang' jeep, China's earliest jeep production.
Announces 'Shangri-La' plan to phase out non-electrified ICE vehicles by 2025: an early Chinese OEM electrification commitment that predates similar pledges from Western legacy OEMs.
Forms Avatr joint venture (initially Changan-NIO) to build premium EVs: Changan's bid to compete in the 200K-500K yuan premium segment without diluting the mainline Changan brand.
CATL and Huawei join Avatr: ownership restructured (Changan ~40%, CATL ~24%) with Huawei as tech supplier providing HiCar OS, ADAS stack, and HarmonyAuto smart-cabin software.
Deepal SL03 sedan launches under Changan's new mass-market NEV brand: jointly engineered with Huawei and CATL for both EV and EREV variants. Marks Changan's serious mass-market BEV play.
Avatr 11 SUV launches at 51,800 USD with 578 hp: the first vehicle co-developed by Changan, Huawei, and CATL; the model showcases Huawei's full-stack smart-driving capability.
Deepal SL03 hits 50,000 units in 9 months: validating the brand's pricing positioning around 200K yuan and signaling Changan can compete with BYD/Geely in the volume NEV sedan tier.
Forms JV with Huawei to acquire 60%+ of Huawei's smart-car software unit (later Yinwang/HarmonyAuto): deepening tech alignment and giving Changan privileged access to Huawei's automotive IP.
Launches Qiyuan brand for value-segment NEVs (sub-150K yuan): completing Changan's three-tier NEV portfolio: Qiyuan (mass), Deepal (mid), Avatr (premium).
Deepal L07 launches with Huawei Qiankun ADS suite: an updated SL03 with full smart-driving stack, signaling Huawei-stack proliferation across Chinese state-owned automakers.
Avatr opens orders in international markets including Pakistan and the Middle East: part of Changan's overseas EV push targeting 1M overseas sales by 2030.
Changan announces planned restructuring with Dongfeng: China's state-driven consolidation of automakers, intended to combine NEV R&D scale and prevent capacity over-build in price war.
