[Changan Technology Renamed Tianshu Technology; Official Response: No Listing Plans at Present] On November 10th, Chongqing Changan Technology Co., Ltd. changed its name to Tianshu Technology (Chongqing) Co., Ltd. (hereinafter referred to as Tianshu Technology). Within Changan Automobile's structure, Tianshu Technology is the main entity responsible for implementing its intelligent technology investments. According to its plan, Changan will invest 200 billion yuan in the new automotive sector over the next ten years, with over 150 billion yuan invested in the new automotive technology industry chain centered on Tianshu Technology. On November 10th, an insider at Tianshu Technology revealed that "Tianshu Navigation is currently only being mass-produced on 'Changan-branded' models." Some analysts believe that Tianshu Technology's name change, shifting its capital increase strategy from internal increases to "strategic investment," and other moves indicate an intention to pursue an independent listing. Regarding the rumors of Tianshu Technology's independent listing, Changan Automobile responded: "Tianshu Technology currently has no listing plans and will continue to develop independently, focusing on Tianshu Navigation intelligent assisted driving."
