Changan Automobile and Jiangling Group Complete Jiangling Holdings Restructuring with 50-50 Equity Split

Among the unconditional approvals of business combinations published by China's State Administration for Market Regulation (SAMR) prior to May 17, 2026, was the case involving Chongqing Changan Automobile Co., Ltd. and Jiangling Motors Group Co., Ltd. acquiring equity interests in Jiangling Holding Co., Ltd.—a transaction that has passed antitrust review. Under the plan, Jiangxi Guokong Automotive Investment Co., Ltd. transferred 25% of Jiangling Holding’s equity to Changan Automobile and, without compensation, transferred another 25% to Jiangling Group. Following the transaction, Changan Automobile and Jiangling Group each hold 50% of Jiangling Holding, jointly controlling the company, while Jiangxi Guokong has exited as a shareholder. Jiangling Holding was established in 2004 as a joint venture between Changan Automobile and Jiangling Group, primarily engaged in passenger vehicle manufacturing. In 2019, Aiways acquired a 50% stake in the company but withdrew two years later due to operational difficulties, with Jiangxi Guokong taking over the shares. By 2022, Jiangling Holding faced bankruptcy risks; under coordination among Changan Automobile, Jiangling Group, and the Nanchang municipal government, it was restructured into a Changan production base and launched its first model, the Ruicheng PLUS. The facility now has the capacity to produce vehicles on three platforms—gasoline-powered, hybrid, and fully electric—and aims to achieve an annual production capacity of 150,000 units by the end of 2025. This equity restructuring strengthens Changan Automobile’s control over Jiangling Holding, facilitating integration of production resources and supporting the expansion needs of its new energy vehicle brands.