ChanganPrefer Sterling in Google
Add sterlingcharts.com as a preferred source so our charts can appear with a preferred badge in Google Top Stories, AI Mode, and AI Overviews.
Register for a premium account to gain access to Sterling AI.
Get StartedThings you can ask Sterling:
| Period | Huawei / CATL | Printed volume or stake | Detail |
|---|---|---|---|
| 2018-08 Changan NIO JV founded | NIO partner (not Huawei) | Not printed in later 000625.SZ annuals | Initial Changan-NIO structure. Abandoned 2019. Kept as founding context only. |
| 2021-11 Avatr refounded | Huawei tech partner. CATL cell partner | Changan later printed 40.99% (2024 annual) | Current associate structure. Huawei holds no Avatr equity in the 2024-2025 annual notes. |
| 2022 Avatr 11 SUV launch | HarmonyOS / ADS generation as then sold | Launch volume not printed as an annual total in the 2025 10% table | First Avatr model. Still in the 2025 annual product list. |
| 2023 Avatr 12 sedan launch | HarmonyOS cockpit + ADS | Launch volume not printed as an annual total in the 2025 10% table | Second model. Still in the 2025 annual product list. |
| 2024 Avatr 07 mid SUV launch | Qiankun ADS. CATL Shenxing in company product copy | 2024 annual printed Avatr revenue 15.348 billion yuan and net loss 4.018 billion yuan | Third model. 2024 annual: first OEM equity in Yinwang. |
| 2024-FY Avatr printed P&L (associate) | Not a Huawei or CATL P&L line | Revenue 1,534,767 wan yuan. Net loss 401,799 wan yuan | 2024 annual 10%+ participatees table. 2025 equivalent line is not printed. |
| 2025 Avatr 06 launch | Qiankun ADS 4 and HarmonyOS cockpit 5 in the 2025 annual product write-up. CATL 5C cells in the same write-up | Model-level units not printed | Fourth model. 2025 annual product section. |
| 2025-FY Avatr sales (English IR) | Yinwang / Qiankun stack described as in-market | 123,472 vehicles | Changan Europe results release, 14 Apr 2026. Monthly sales above 10,000 for 10 consecutive months. No 2025 Avatr P&L in the A-share 10% table. |
| 2025-FY accounting status | Shenzhen Yinwang listed as other related party | Avatr omitted from 2025 10%+ P&L table | 2025 annual: Avatr remains an associate. Changan carrying value of the Avatr equity-method investment is printed. Full-year Avatr revenue and net income are not. |
Total: 859K vehicles
| Period | Group (vehicles) | Own-brand (vehicles) | NEV (vehicles) |
|---|---|---|---|
| H1 2025 | 1,355,256 | 1,150,642 | 451,714 |
| H1 2026 | 1,118,894 | 921,586 | 414,201 |
| Jan-Jul 2025 | 1,565,860 | 1,328,331 | 531,720 |
| Jan-Jul 2026 | 1,280,451 | 1,054,333 | 488,981 |
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.