Changan Auto Debunks Rumors, Confirms Year-End Bonus of 4.3x Monthly Salary Plus ¥3,000

On January 7, Changan Automobile clarified that rumors about the cancellation of year-end bonuses were false, emphasizing the company's stable operations and confirming that an incentive plan has been formulated and is being implemented. According to internal sources, employees will receive a year-end bonus equivalent to 4.3 months’ salary plus a fixed amount of RMB 3,000, with disbursement expected by February 10. This move confirms the implementation of the incentive scheme and has sparked widespread discussion online. Additionally, Chery Group announced a 2026 sales target of 3.2 million vehicles, representing a 14% year-over-year increase. Autoliv’s Jiading plant in Shanghai has commenced operations for its Phase II expansion, strengthening localized intelligent manufacturing. Schaeffler and Neusoft Reach have partnered to co-develop an SDV (Software-Defined Vehicle) hardware and software platform. Faurecia Hydrogen Systems has secured a RMB 300 million investment from Sinopec Capital. Dongfeng Motor plans to build a factory in Turkey, accelerating its overseas expansion strategy.