Autohome names Song Yang CEO, Yun Chen to sell stake

Autohome Inc. (HKEX: 2518) is undergoing significant changes, including a leadership transition and a potential shift in its major shareholding structure. Song Yang has been appointed as Chief Executive Officer, effective February 20, 2025, succeeding Tao Wu, who has resigned. Yang, who has served as Senior Vice President since joining Autohome in 2021, brings over 20 years of automotive industry experience to the role. Simultaneously, controlling shareholder Yun Chen Capital Cayman, a subsidiary of Ping An, has entered into an agreement to sell 200,884,012 ordinary shares, representing approximately 41.91% of Autohome, to CARTECH HOLDING COMPANY, a subsidiary of Haier Group Corporation, for approximately US$1.8 billion. Once the deal is completed Yun Chen will own only 23,916,500 shares. In a separate announcement, Autohome reported its unaudited 2024 fourth-quarter and full-year results with full year revenue hitting RMB 7.04 Billion.