FAW Group Corporation, one of the leaders of Chinese passenger car manufacturers, signed a strategic cooperation framework agreement with Bosch (China) Investment Ltd., a leading global suppliers of technology and services, at the fourth China International Import Expo on Nov 5. Qiu Xiandong, Member of Board and President of FAW Group, who is also deputy secretary of the CPC FAW Committee, Leiping, Member of the CPC FAW Group Standing Committee and Vice President of FAW Group, and Chen Yudong, President of Bosch (China), were there to witness the signing ceremony.
According to the agreement, the two sides will leverage their respective strengths in brands, technologies, market and management, deepen mutual understanding and respect in each other’s management philosophy and development claims, establish a business strategic partnership with mutual trust, practice and tacit understanding, pursue win-win cooperation and contribute their solutions to China’s auto industry.
FAW is a leading global manufacturer of quality passenger cars, trucks, and buses. Established in 1953, the company is China’s oldest and largest automotive group. Annual sales exceed three million units.