BAIC Group and China Changan Automobile Group Sign Strategic Cooperation Agreement

On June 13, BAIC Group and China Changan Automobile Group signed a strategic cooperation agreement. The two parties will coordinate collaboration across key sectors including forward-looking technologies and emerging industries, green and low-carbon development, industrial chains, supply chains and overseas markets. They will actively explore innovative models of central-local state-owned enterprise cooperation and jointly foster a new landscape of high-quality development for China’s automotive industry.

Zhang Jianyong, Party Secretary and Chairman of BAIC Group, and Zhu Huarong, Party Secretary and Chairman of China Changan Automobile, attended the signing ceremony. Xie Wei, Member of the Party Committee and Deputy General Manager of BAIC Group, and Zhang Xiaoyu, Executive Vice President of Changan Automobile, signed the agreement on behalf of the two groups respectively. Zhang Guofu, Member of the Party Committee and Deputy General Manager of BAIC Group, and Wang Kun, Member of the Party Committee and Chief Accountant of China Changan Automobile, were also present.

BAIC Group and China Changan Automobile Group Sign Strategic Cooperation Agreement

The global automotive industry is undergoing profound transformation. Competition has shifted from standalone manufacturing rivalry to comprehensive competition centered on industrial chains, computing power, data and ecological collaboration, as the entire sector advances toward electrification, digital intelligence and globalization. Against this backdrop, strengthening cross-industry resource synergy and complementary strengths has become critical for Chinese indigenous automotive brands to elevate overall competitiveness and accelerate global expansion.

Both BAIC Group and China Changan Automobile stand as core pillars of China’s automotive industry, sharing the mission of expanding indigenous automotive brands, driving industrial upgrading and fostering a new development paradigm. Notably, they are the only two enterprises among the first batch nationwide to obtain market access approval for L3 autonomous driving vehicles, pioneering the era of Level 3 automated driving.

This strategic cooperation represents a concrete initiative by both sides to deepen collaboration in response to the requirements of the new era. Leveraging this partnership, the two groups will fully unlock their respective strengths in technological R&D, industrial chain resources and overseas business. Committed to resource sharing, co-creation of value and win-win outcomes, they will jointly contribute to the high-quality development of China’s automotive sector.

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