Liebao Automobile

Changfeng Group Co., Ltd. was founded in June 1950, restructured from the former People's Liberation Army No. 7319 Factory in October 1996, and placed under the management of the Hunan Provincial People's Government in September 2001. The company is mainly engaged in the research, development, manufacturing, and sales of complete vehicles, with its headquarters in Changsha, Hunan. The company has total assets of 19.03 billion yuan and over 8,000 employees. Hunan Liebao Automobile Co., Ltd. was established in September 2013 as the core enterprise of Changfeng Group. Relying on the overall development plan, the company has formed an important strategic layout of "2341": 2 R&D institutions (Beijing Automotive Research Institute, Changsha Automotive Engineering Institute), 3 key component plants (engine, transmission, and axle), 4 vehicle manufacturing bases (Yongzhou, Chuzhou, Changsha, and Jingmen plants), and 1 management headquarters (Changsha headquarters). The company is mainly responsible for the research, development, production, and sales of Liebao brand vehicles (Mattu, CS10, CS9, Q6 SUV, and CT7 pickup trucks, etc.). By the end of the 13th Five-Year Plan period, the company aims to achieve sales revenue of 40 billion yuan, produce and sell 400,000 vehicles, and strive to list its stocks within about three years. The company has always adhered to the business philosophy of innovation-driven development as the soul of the enterprise and the core value of pursuing excellence. For many consecutive years, it has been selected among the Top 500 Chinese Enterprises and the Top 500 Taxpayers in China, and has received honors such as National Model Employee Home, National Outstanding Corporate Culture Award, and National Civilized Unit. The company's main products are the Liebao brand series of SUVs and pickup trucks, with an annual production capacity of 400,000 SUVs and pickup trucks. Liebao Automobile has been rated as one of China's 500 Most Valuable Brands.