The company is a member of China’s “Big Four” automotive groups. In 2017, Changan Automobile launched its “Third Entrepreneurship—Innovation and Entrepreneurship Initiative,” focusing on cultivating culture, efficiency, and software capabilities as core competitive strengths, and embarking on a transformation into a smart, low-carbon mobility technology company. In the new-energy sector, the company unveiled the “Shangri-La” plan in 2017. In the field of intelligent technologies, it introduced the “Beidou Tianxu” plan in 2018. Overseas, in 2023, the company announced the “HainabaiChuan” initiative. Changan Automobile has always upheld the mission of “leading automotive civilization and enhancing human life,” driven by technological innovation, reshaping its capabilities, and upgrading its industry. With greater speed and intensity, the company remains firmly committed to its transformation into a smart, low-carbon mobility technology enterprise. The company’s primary business covers the research and development, manufacturing, and sales of complete vehicles, as well as the R&D and production of engines. Its main products include automobiles (including passenger cars), series of automobile engines, and supporting components. Among its honors, the company filed 1,093 patent applications throughout the year, including 401 invention patents. As of 2018, it held 1,225 valid invention patents. Projects such as “Key Technologies and Industrialization of Dual-Clutch Automatic Transmission (DCT)” and “Development and Application of Functional Safety Technologies for New-Energy Vehicles” have won nine awards from the Society of Automotive Engineers for Technological Progress, ranking first in the automotive industry in total awards received. Its advanced integrated electric drive system, the iDD electric drive transmission, has been recognized as one of the “World’s Top Ten Electric Drives,” “Top Ten New-Energy Vehicle Powertrains,” and “World’s Top Ten Hybrid Systems.” In 2024, the company was awarded titles including “National Demonstration Enterprise for Supply Chain Innovation and Application,” “China’s Industry Leader in Carbon Peak Achievement,” and “Excellent Case in Green Supply Chain Management.”