BAIC and Changan Sign Strategic Cooperation Agreement to Advance L3 Autonomous Driving and Global EV Expansion

[Corporate Collaboration] BAIC Group and China Changan Automobile Group signed a strategic cooperation agreement on June 13, focusing on forward-looking technologies, green and low-carbon initiatives, supply chains, and overseas markets.

Core Development: State-Owned and Local Automakers Join Forces to Build an L3 Autonomous Driving Ecosystem

BAIC Group and China Changan are the only two companies nationwide granted L3-level autonomous driving access permits, and they will share data to promote standardization.

Key Figures: Synergies from Trillion-Scale Resources Emerge

Changan’s revenue is projected to reach RMB 359.8 billion in 2025, with assets exceeding RMB 300 billion; BAIC owns brands including Arcfox and Beijing Benz. The two parties will jointly procure chips, batteries, and other components to enhance bargaining power.

Strategic Foundation: Complementary Global Expansion Accelerates International Layout

BAIC has deep roots in Southeast Asia and Africa, while Changan primarily targets Latin America and the Middle East. Going forward, they will co-build overseas networks and share production capacity to jointly expand into international markets.