FAW and Dongfeng to Build Joint Innovation Center

Dongfeng Motor Corporation and FAW Group will build a joint innovation center that will see them collaborate in five areas including fuel cell technology, smart connectivity and testing facilities.

This will bring China’s two oldest state-owned automakers together as the companies signed an agreement in February earlier this year.

Related: FAW and Audi Signed a Ten-Year In-Depth Cooperation Plan in China

The pair plans to invest CNY10 billion (USD1.45 billion) in an NEV firm with other investors, however the cooperation between the two companies is only on a technical level and there are no plans of a merger between the two companies as rumored.

The companies had swapped top executives in 2015 when former FAW president Zhu Yanfeng replaced Dongfeng’s chairman Xu Ping, who was in turn named the chairman of FAW Group.

In China Dongfeng have joint ventures with Renault-Nissan, Honda and PSA Peugeot Citroën. On the other hand FAW have partnerships with the world’s three biggest carmakers by sales Toyota, Volkswagen and General Motors GM.

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UsmanAnsari
A car enthusiast associated with the 3D Animation industry of Pakistan since year 2000 having worked with leading organizations and production facilities across Pakistan. Passionate about cars ever since, and a strong desire to see the automobile industry of Pakistan flourish in true means, Usman Ansari has a vast experience of writing for major automobile portals of the country. Drives a Honda City SX8 as a daily runner, as well as a 10th generation Toyota Corolla Gli. CarSpiritPK.com was initiated by Usman Ansari in May 2016.
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