On September 29, the China Association of Automobile Manufacturers officially released industry highlights entitled “FAW and GAC Develop Strategic Cooperation to Provide a New Model of Cooperation for High-Quality Industrial Development”. The article provides an authoritative interpretation of the latest strategic cooperation framework agreement signed between China First Automobile Group Co., Ltd. and Guangzhou Automobile Industry Group Co., Ltd., pointing out that this cooperation is an innovative paradigm and new path for deepening strategic cooperation between central enterprises and local state-owned enterprises. According to the article, China FAW and Zero Sports Auto, BAIC Group and China Changan Automobile Group have successively shared resources using equity or technology as links. This strategic cooperation between FAW and GAC Industries is a continuation of this trend and is also a response to industry expectations. Throughout the history of international automobile development, strong alliances and resource integration are common paths to enhance the core competitiveness of enterprises and optimize the global industrial layout. Objectively, corporate equity cooperation and strategic restructuring involve assets, personnel, debt, and territorial interests. Cross-regional integration still faces practical problems such as the circulation of production capacity indicators, tax sharing, and a long approval chain, which limits the process of intensive and high-end industrial development to a certain extent. The China Association of Automobile Manufacturers will continue to play the role of a bridge between the government and enterprises, promptly collect and reflect the difficulties and demands encountered by enterprises in integration, and call on relevant parties to improve supporting policies in terms of capacity replacement, tax sharing, asset disposal, personnel placement, etc.; at the same time, strengthen operation monitoring and industry self-discipline, promote typical experiences in resource integration, guide enterprises to develop rationally, compete in an orderly manner and collaborate to promote the formation of an industrial ecosystem of survival of the fittest and collaborative progress for the domestic intelligent connected vehicle industry and accelerate the construction of a world power Inject more power.

On September 29, the China Association of Automobile Manufacturers officially released industry highlights entitled “FAW and GAC Develop Strategic Cooperation to Provide a New Model of Cooperation for High-Quality Industrial Development”. The article provides an authoritative interpretation of the latest strategic cooperation framework agreement signed between China First Automobile Group Co., Ltd. and Guangzhou Automobile Industry Group Co., Ltd., pointing out that this cooperation is an innovative paradigm and new path for deepening strategic cooperation between central enterprises and local state-owned enterprises. According to the article, China FAW and Zero Sports Auto, BAIC Group and China Changan Automobile Group have successively shared resources using equity or technology as links. This strategic cooperation between FAW and GAC Industries is a continuation of this trend and is also a response to industry expectations. Throughout the history of international automobile development, strong alliances and resource integration are common paths to enhance the core competitiveness of enterprises and optimize the global industrial layout. Objectively, corporate equity cooperation and strategic restructuring involve assets, personnel, debt, and territorial interests. Cross-regional integration still faces practical problems such as the circulation of production capacity indicators, tax sharing, and a long approval chain, which limits the process of intensive and high-end industrial development to a certain extent. The China Association of Automobile Manufacturers will continue to play the role of a bridge between the government and enterprises, promptly collect and reflect the difficulties and demands encountered by enterprises in integration, and call on relevant parties to improve supporting policies in terms of capacity replacement, tax sharing, asset disposal, personnel placement, etc.; at the same time, strengthen operation monitoring and industry self-discipline, promote typical experiences in resource integration, guide enterprises to develop rationally, compete in an orderly manner and collaborate to promote the formation of an industrial ecosystem of survival of the fittest and collaborative progress for the domestic intelligent connected vehicle industry and accelerate the construction of a world power Inject more power.