Changan aims to become top 10 global automaker
Switch Auto Insurance and Save Today!
Great Rates and Award-Winning Service
The Insurance Savings You Expect
Affordable Auto Insurance, Customized for You
The new company is headquartered in Chongqing and is made up of 117 subsidiaries, mostly component manufacturing companies as well as the automaker, Changan Automobile. The group employs approximately 110,000 people, producing passenger and commercial vehicles, motorcycles, and components, as well as operating in logistics and financial services.
Zhu Huarong, chairman of Changan Auto, said in a statement: 'Our mission is clear — to build a world-class automotive group with proprietary core technologies and global competitiveness.'
The company has set a target of selling 5 million vehicles annually by 2030, up from 2,683,798 units in 2024 – including its joint ventures with Ford and Mazda. It expects new energy vehicles (NEVs) to account for more than 60% of the total, while overseas sales are expected to make up 30% of group sales. The company also plans to expand into new markets, including robots, flying cars, and embodied AI.
Changan Auto expects to increase sales by 12% to 3 million units in 2025, including 1 million NEVs, generating revenues of CNY 355 billion (US$ 49 billion).
"Changan aims to become top 10 global automaker" was originally created and published by Just Auto, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
The Most Important Thing for Advance Auto Parts Investors to Watch in 2025
Key Points Advanced Auto Part's restructuring has returned the company to profitability, and it should start generating cash in the second half. The stock was recently sold off due to higher interest rate payments impacting profitability. Investors should look for progress in the company's efforts to improve its inventory in stores and how quickly it sells it compared to paying its suppliers. 10 stocks we like better than Advance Auto Parts › It's fair to say the latest earnings report from Advance Auto Parts (NYSE: AAP) was not well received by the market -- the stock was initially sold off by a mid-teens percentage. However, I think there was more good than bad in the actual numbers. That's not to say anyone should get overly excited, because this is still an underperforming company. Still, there are some positives here, and there are some things for the stock's bulls to build on. The investment case for Advance Auto Parts The case for buying the stock is well known, and if not, it should be, because the company has been around for over a decade. Simply put, the auto parts retailer's operational metrics are so woefully short of its peers, principally AutoZone and O'Reilly Automotive, that all it will take is some restructuring to get the company somewhere close to its peers' margins, cash flow, and earnings, and a substantial amount of value will be generated for investors. That was the gist of the case when activist investor Starboard Value got involved a decade ago (only to exit in 2021), having failed mainly in helping engineer any kind of significant closing of the gap with AutoZone and O'Reilly. In case you are wondering what I'm referring to, here are a few charts to demonstrate. They show earnings before interest, taxation, depreciation, and amortization (EBITDA) margins, free cash flow (FCF) generated from assets, and finally return on invested capital (ROIC). None of these metrics has improved over the last decade. The problem with Advance Auto Parts The main areas of improvement that Starboard articulated a decade ago still apply today. Auto parts retailing is a business that ensures the right stock is in the right store at the right time. In other words, it's a game of optimizing inventory, building supplier relationships, and above all, logistics management. Time is of the essence in the industry, as customers, whether in the do-it-yourself or especially in the do-it-for-me market, usually demand a part as soon as possible to help repair a vehicle and get it back roadworthy. It's also a game Advance Auto Parts hasn't played well over the years, as evidenced by its inability to generate good cash flow from its assets in the chart above. Simply put, the company has lagged its peers in converting inventory into cash. It outflows cash by paying its suppliers quicker than it generates cash from the parts it sells to retail customers. What happened in the recent results The recent results were in line with what management had pre-announced on July 24, except for one crucial detail. Management lowered its guidance for full-year adjusted diluted EPS from continuing operations from $1.50-$2.50 to a new range of $1.20-$2.20 "to account for higher net interest expense related to its recent senior notes offering," according to the earnings release. The company recently took on $1.95 billion in debt to redeem existing debt maturing in 2026 and provide it with cash to support its ongoing restructuring. The good news from the results On a more positive note, management's restructuring resulted in a return to profitability in the quarter. Furthermore, its full-year guidance for an outflow of $85 million to $25 million implies FCF generation of $116 million to $176 million in the second half, given there was a $201 million outflow in the first six months. These are positive steps, but as management noted on the earnings call, "we recognize that we are still in the early phases of our three-year turnaround plan." Moreover, turning back to the fundamental issue of selling inventory down quicker than paying suppliers, Advance Auto Parts continues to lag its peers. These charts show how many days it takes the company to sell its inventory compared to the days it takes to pay suppliers -- a low number is better. Investors should monitor this metric closely, as Advance Auto Parts will not be able to demonstrate improvement in its efforts to improve operational performance until it lowers this metric. Do the experts think Advance Auto Parts is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Advance Auto Parts make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,070% vs. just 184% for the S&P — that is beating the market by 885.55%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The Most Important Thing for Advance Auto Parts Investors to Watch in 2025 was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
2 hours ago
- Yahoo
Thinking of Buying Tesla Stock? Here Are 2 Red Flags to Watch
Key Points Tesla's heavy reliance on Elon Musk adds significant leadership risk. Increasing competition from established automakers and Chinese EV makers is pressuring Tesla's dominance. Investors need to be comfortable with Tesla's high valuation. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) has long been the front runner in the electric vehicle (EV) revolution in the U.S. Its innovation, brand strength, and rapid growth have made it a favorite among investors. Yet, despite its impressive track record, there are two big risks that investors should carefully consider before buying Tesla stock today. 1. The Elon Musk factor Elon Musk's leadership is often cited as Tesla's greatest strength -- and, paradoxically, one of its most significant vulnerabilities. Musk's vision and hands-on approach have driven Tesla's technological breakthroughs and ambitious expansion. However, this heavy reliance on a single individual introduces what investors refer to as "key man risk." If Musk were to step back from daily operations or shift his focus to other projects, Tesla might face challenges in maintaining its momentum. Though Tesla's management team has grown stronger, few executives command the same vision, drive, and public attention as Musk. Recently, Musk's increasing involvement in political activities has raised concerns about potential distractions or reputational risks for Tesla. While the company has remained operationally strong, these developments underscore the uncertainty around its future leadership continuity. While Tesla's success lies not only with Musk but also with his team, which has executed well on his vision -- no one can build a trillion-dollar company alone -- there is still no clear successor (or a viable management team) . The silver lining here is that the Tesla board has become more serious about finding one in recent months, largely due to the CEO's active involvement in politics. For investors, this means that Tesla's fortunes remain closely tied to Musk's presence and decisions -- a factor that adds a layer of risk to the investment. 2. Intensifying competition Tesla might have been an early mover in the EV industry, but its dominance is no longer guaranteed. The industry landscape is rapidly evolving, with legacy automakers and new entrants accelerating their electric ambitions. Companies like Ford and General Motors are aggressively expanding their EV lineups. For instance, Ford plans to introduce a $30,000 midsize truck by 2027. That price is significantly lower than the average for an EV, and Ford is investing $5 billion in its EV production to make it happen. GM, on the other hand, is working hard on next-generation battery technologies to improve range, charging performance, and cost. Meanwhile, Chinese manufacturers such as BYD are growing their international footprints, particularly in Europe, where Tesla experienced a nearly 27% sales declinein July 2025. BYD's battery technology, government support, and competitive pricing make it a formidable challenger. In addition, a host of EV start-ups are innovating in battery tech, autonomous driving, and new business models, further intensifying competition. While Tesla is not sitting still -- it is working on becoming the lowest-cost producer by cutting prices to grow sales volume and achieve economies of scale -- there is no guarantee that it can maintain its market share over time. In short, it's no longer the only player in town. What does this mean for investors? Tesla's story remains compelling: It's a pioneer with a powerful brand, innovative products, and potential optionality with some of its long shot bets (robotaxi, humanoid robots, etc). But the key man risk surrounding Musk and the escalating competitive landscape are real concerns that investors can't ignore. If Tesla continues to innovate more rapidly than its rivals, the company could sustain its growth trajectory. However, any leadership changes or slips in market position could hurt the business and its share price. While these two risks don't necessarily call for the sale of the stock, they do mean that investors should think carefully before buying the stock today. Tesla stock trades at a significant premium valuation to other carmakers. For perspective, Tesla has a price-to-sales (P/S) ratio of 12.9, compared to GM's 0.3. Unless you're comfortable with the risks and the high valuation, buying the stock today may not be a prudent decision. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $467,985!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $44,015!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $668,155!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of August 13, 2025 Lawrence Nga has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends BYD Company and General Motors. The Motley Fool has a disclosure policy. Thinking of Buying Tesla Stock? Here Are 2 Red Flags to Watch was originally published by The Motley Fool
Yahoo
3 hours ago
- Yahoo
Chinese port achieves first-of-its-kind transfer that could revolutionize maritime trade: 'Significantly cheaper than land transport'
Chinese port achieves first-of-its-kind transfer that could revolutionize maritime trade: 'Significantly cheaper than land transport' A cargo transfer milestone has been reached at a Chinese port. But the haul wasn't typical products, but rather, air pollution. It's a fascinating achievement that could provide shipping with another revenue stream, astoundingly from ship exhaust, according to the Maritime Executive. Evergreen's 152,300-deadweight-ton Ever Top was retrofitted last year with tech to capture carbon dioxide from exhaust, lassoing nearly 80% of emissions with a nearly 100% purity. The stored fumes can then be sold at a profit for other uses, per ME and Interesting Engineering. The transfer happened on June 19 at the Port of Shanghai thanks to special onboard equipment, including absorption and regeneration modules, compression refrigeration, and storage. Past efforts that used trucks and tanks to offload the CO2 were more complicated. In Shanghai, a barge vessel called De Jin parked alongside Ever Top to complete the move, heralded by Chinese officials as a novel effort, ME reported. "For scaled operations, ship-to-ship transfer offers clear advantages. It is significantly cheaper than land transport and much more efficient," project manager Du Mingsai said in IE's story. The retrofit cost about $10 million. But reports indicated the expense can be more than recouped within two years by selling the stored carbon. ME said that experts estimated ships could make an amazing $8 million a year from selling tailpipe gases. Drax Group, a United Kingdom renewable energy company not involved with the project, listed numerous product uses for captured carbon. Sneakers, furniture, cleaner concrete, and even alternative metal were some of the ones noted. The push to capture carbon comes from efforts within the sector to reduce heat-trapping air pollution that is warming the atmosphere and oceans. The National Oceanic and Atmospheric Administration reported that around 91% of the excess heat produced on Earth is absorbed by the oceans. Coral bleaching, sea level rise, and other problems are linked to the warming waters, per the agency. The European Federation for Transport and Environment reported that the sector produces about 3% of global CO2 fumes, which is expected to grow by half by 2050 if "stringent measures are not taken." New-age sails, kites, and hydrogen fuel are some other options being harnessed to cut the use of dirty energy in maritime travel. But ME reported that the Ever Top retrofit costs less than a new vessel or an alternative fuel conversion. "From onboard storage to mobile transfer and reuse, the milestone gives Shanghai a full-chain ecosystem for maritime carbon capture. It also positions the city as a global model for cutting shipping emissions and sets a new benchmark for the industry's green transition," IE's Neetika Walter wrote. Do you worry about air pollution in your town? All the time Often Only sometimes Never Click your choice to see results and speak your mind. But not all of the headlines coming from the Far East seas are squeaky clean. CBS News reported that China is using so-called "dark" vessels to transfer dirty oil between ships as the country continues to buy the fossil fuel from heavily sanctioned Iran. The ships have disabled their transponders, making them tough to ID. China buys 90% of Iran's oil and calls the transactions legitimate, all according to CBS. Staying informed about key environmental issues can help you judge if efforts happening at home and around the world are legitimately meeting sustainability goals. Sometimes companies and countries tout big projects with little actual progress. Choosing cleaner travel options can also make a difference. Public transportation is a way to curb pollution. Every mile traveled via public means instead of driving cuts about a pound of heat-trapping fumes. The move can also save you serious cash in your transportation budget. Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet. Solve the daily Crossword
