On July 8, reports emerged that a new central enterprise headquarters, closely tied to Changan Auto, might be established in Chongqing. The potential leader of this new venture is speculated to be Zhu Huarong, the current chairman of Changan Auto, with confirmation expected by the end of the month. Changan Auto has stated that they are currently unaware of the new company's name and specific leadership arrangements, yet there is a likelihood that it will indeed be headquartered in Chongqing.