In 2022, Changan Automobile achieved a total operating revenue of 121253 million yuan, a year-on-year increase of 15.32%; The net profit attributable to the parent company was 7.798 billion yuan, a year-on-year increase of 119.52%; The gross profit margin was 20.49%, a year-on-year increase of 3.85 percentage points; The total sales exceeded 2.346 million vehicles, a year-on-year increase of 2%.

　　Despite the poor performance of its joint venture brands over the past year, "Changan Automobile will steadfastly adhere to the strategy of joint venture and independent parallel development." Zhu Huarong stated that in the future, both shareholders will jointly output to the joint venture, including but not limited to products, technology, platforms, and even innovative brands.

　　On May 8th, Changan Automobile held a performance briefing for the year 2022. Overall, in 2022, Changan Automobile created new performance in terms of production and sales scale and market performance, made new breakthroughs in multiple core technologies, and presented a new atmosphere in the technological ecology.

　　Data shows that in 2022, Changan Automobile achieved a total operating revenue of 121253 million yuan, a year-on-year increase of 15.32%; The total assets reached 146.049 billion yuan, a year-on-year increase of 7.86%; The net profit attributable to the parent company was 7.798 billion yuan, a year-on-year increase of 119.52%; The gross profit margin was 20.49%, a year-on-year increase of 3.85 percentage points.

　　In terms of sales, Changan Automobile has been experiencing positive year-on-year growth for three consecutive years. Data shows that in 2022, the total sales of Changan Automobile exceeded 2.346 million units, a year-on-year increase of 2%; The sales of Chang'an series Chinese brand passenger cars exceeded 1.39 million units, an increase of 15.46% year-on-year; The total overseas sales exceeded 249000 units, achieving growth for 7 consecutive years; The sales of new energy exceeded 284000 units, a year-on-year increase of 160.5%.

　　On the contrary, the market performance of Changan's joint venture brands in the past year has not been ideal. According to data, Changan Ford sold 304700 vehicles in 2022, a year-on-year decrease of 17.61%; The cumulative sales of Chang'an Mazda reached 104000 units, a year-on-year decrease of 21.43%.

　　Changan Automobile Chairman Zhu Huarong Image source: Live screenshot

　　Nevertheless, "Changan Motors will steadfastly adhere to the strategy of joint venture and independent parallel development," said Zhu Huarong, Chairman of Changan Motors. In the past year, Changan Motors has conducted many strategic discussions with foreign investors in cooperation, making bold ideas and explorations in deepening strategic cooperation, cooperation models, and future daily governance of the company. Strategic consensus and action plans have been reached.

　　According to Zhu Huarong, in the future, both shareholders will jointly export to the joint venture, including but not limited to products, technologies, platforms, and even co innovative brands.

　　With the support of independent brands and new energy strategies, Changan Automobile is full of confidence in the future. According to the plan, by 2023, Changan Automobile will achieve production and sales of 2.53 million vehicles, a year-on-year increase of 7.8%; By 2025, the total sales volume will reach 4 million vehicles, with domestic brands accounting for 75% and new energy vehicles accounting for 40%.

　　The confidence of Changan Automobile comes from the constantly increasing product offensive. According to Zhu Huarong, by 2025, Chang'an Chinese brand will launch 27 new energy products, including 6 products such as Dark Blue S7, 4 products such as Aveta ET2, 5 products such as the new compact car and SUV of Smart iDD, 5 products such as Chang'an Qiyuan Series A07, and 7 products such as Kaicheng Zhihui Logistics and electric pickup.

　　New products are emerging one after another, thanks to Changan Automobile's extensive technical reserves. In 2022, Changan Automobile's investment in the new energy sector increased by 122% year-on-year, and it collaborated with Huawei and Ningde Times to jointly create a new intelligent electric vehicle technology platform "CHN". In addition, Changan Automobile has launched a new pure electric digital brand called "Deep Blue Automobile", fully advancing the "Shangri La" plan, and releasing three major new energy power sources for a green future, including hydrogen fuel cell systems, intelligent electric iDDs, and Force electric.

　　In the field of intelligence, Changan Automobile adheres to innovation and uses technology to depict the future blueprint. It is reported that Changan Automobile's investment in software and intelligence sectors increased by 104% year-on-year in 2022. The release of the new intelligent brand "Zhuge Intelligence" brings three core experiences to users, including Zhuge Interaction, Zhuge Intelligent Driving, and Zhuge Ecology.

　　In addition, the new user brand "Partner+" of Changan Automobile has been officially launched, establishing the three core values of "new service, new experience, and new relationship". The five promises of honest service have been comprehensively upgraded to 4.0, presenting a Changan business card to society that is written about patriotism, responsibility, and progress.

　　Facing the overseas market, Changan Automobile has released the "Hai Na Bai Chuan" plan, firmly moving towards world-class Chinese brands. According to the plan, by 2030, Changan Automobile will achieve the "Four Ones" development goals in overseas markets: investment exceeding 10 billion US dollars, employment exceeding 10000 people, annual sales exceeding 1.2 million vehicles, and building Changan Automobile into a world-class automotive brand.

　　"For a long time in the past, Chinese brands have learned from the world automotive industry; now we have absolute advantage in the field of new energy and intelligence, and have built four labels: modeling leadership, scientific and technological experience, new energy power and intelligent technology." Zhu Huarong said that Chinese brands have the opportunity to build a new pattern of future global automotive market development, and overseas has also highlighted the opportunity to develop new energy vehicles to us. (Reporter Jiang Zhiwen from China Economic Network)