China’s Changan Automobile restructured as independent state-owned company

Changan Automobile has formally grow to be an impartial state-owned automaker underneath the direct management of China’s central authorities, in accordance with a report by state broadcaster CCTV.

Changan now operates via 117 subsidiaries and is ready to sharpen its give attention to cutting-edge applied sciences resembling sensible autos, robotics, flying vehicles, and embodied intelligence.

The automaker additionally plans to speed up its world growth into key markets together with Southeast Asia, the Middle East, Central and South America, and Europe, reflecting its ambitions to grow to be a number one participant within the evolving automotive panorama.