China Electronics and China FAW sign a strategic cooperation framework agreement

On November 29th, China Electronics and China FAW signed a strategic cooperation framework agreement in Shenzhen.

According to the agreement, both parties will carry out strategic cooperation around increasing the deep integration of the automotive industry and information technology, joint development and application of automotive chips, research on data security and marketization of data elements, and jointly promote the integration and development of advanced computing systems and the automotive industry.

Qiu Xiandong, Chairman and Party Secretary of FAW China, stated that FAW China has a very good foundation of cooperation with China Electronics, and there is broad space for further cooperation in operating systems, autonomous driving, and other areas. He hopes that both sides can work together to build a central enterprise alliance and contribute to achieving national strategy and industrial upgrading.