FAW Group Corporation (FAW) signed a strategic cooperation agreement with Chinese internet giant Tencent, at the FAW headquarters in Changchun on December 10.
Based on the previous comprehensive cooperation on digital transformation, the two sides will build a “FAW-Tencent Joint Lab”. The joint laboratory will focus on the core technologies and applications in the fields of autonomous dirving development platform, automobile cloud-based platform, internet of vehicles, digital marketing, safety and brand communication, explore a more efficient and agile application model of technical cooperation, meet the needs of core technology application and industrialization in the new stage of digital upgrading of automobile industry, and jointly create the new value for mobility services, according to the agreement.
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.