On Nov. 10 Chongqing Chang'an Technology Co. was renamed Tianshu Technology
(Chongqing) Co. Tianshu is designated within Changan Auto as the primary vehicle
for its smart-vehicle investments. Changan plans to invest 200 billion yuan in
new-vehicle development over the next decade, with more than 150 billion yuan
allocated to the Tianshu-centered new auto technology supply chain. Internal
sources say Tianshu's Tianshu Linghang advanced driver-assistance system is
currently in mass production only on Changan-branded models. Some analysts say
the rename and moves to shift capital raising from internal injections to
introducing strategic investors could indicate a push toward an independent IPO.
Changan Auto replied that Tianshu currently has no listing plan and will
continue independent development, focusing on the Tianshu Linghang ADAS
platform.
