On February 9, 2025, Chang’an Automobile and Dongfeng Automobile announced that their indirect controlling shareholder plans a restructuring.
Chang’an Automobile’s indirect controlling shareholder, China Ordnance Equipment Group Co., Ltd., and Dongfeng Automobile’s indirect controlling shareholder, Dongfeng Motor Group Co., Ltd., both stated they are planning restructuring with other state-owned enterprises.
This restructuring may change the controlling shareholders of the two companies. However, the actual controllers will remain the same. The relevant arrangements still need to follow procedures and obtain approval from the authorities. This restructuring is an important step in the reform of state-owned auto enterprises. It aims to optimize resource allocation and enhance industry competitiveness. This restructuring will not significantly impact the companies’ normal operations.