On December 30, Changan Automobile made public its decision to terminate the 2024 private placement initiative, which was aimed at issuing shares to select investors. Simultaneously, the company revealed its 2025 private placement blueprint. The objective is to amass a sum not exceeding 6 billion yuan, with the entire amount to be contributed in cash by its indirect majority shareholder, China Changan Automobile Group. These funds are earmarked for propelling the development of innovative electric vehicle models, establishing a cutting-edge digital intelligence infrastructure, and enhancing the capabilities of its global research and development hub.
