Changan

Changan said that it plans to launch five models based on the CHN architecture over the next five years, the first of which, codenamed E11, will feature the Huawei Inside smart car solution.

Changan, which trades in Shenzhen, is up more than 40 percent so far this month.

In the future, 80 percent of local brands and 90 percent of new car makers in China will die, said Zhu Huarong, chairman of legacy carmaker Changan Automobile.

Changan Nio has changed to a new name that no longer carries the word "Nio," marking the end of the legacy carmaker's efforts to explore joint ventures with new carmakers.

Chongqing-based Changan Automobile, in partnership with Huawei and CATL, will launch its premium new energy brand as soon as this month, yicai.com reported Wednesday.

Changan and Nio have a joint venture company, Changan Nio, although no products have been launched to date.

Changan Automobile will follow the guidelines of the Shangri-La Project and plans to launch a total of 25 smart new energy vehicles by 2025, the company said today during an exchange with investors.

Changan Nio is hiring for a number of positions in Chongqing, Nanjing and Shanghai as it aggressively pursues the development of its premium brand.

Changan will join hands with Huawei and CATL to build a new high-end smart car brand with high-end smart products coming soon, Changan Chairman Zhu Ronghua announced.