FAW Group Corporation signed a Strategic Cooperation Framework Agreement with Sichuan Provincial People’s Government at Chengdu, Sichuan Province on Apr. 11.
According to the agreement, the two parties will carry out further cooperation in new production process, new technologies and new models. Taken Sichuan Province as FAW’s western strategic production base and incoporated it into China’s “One Belt One Road” strategy, FAW will promote R&D and production of intelligent connected vehicle and new energy vehicle in Sichuan Province, and accelerate the launch of new products and market promotion, while continue to deepen cooperation in research and development of vehicles, engines, parts and components, logistics and derivative fields, and give high priority in developing auto financing and internet vehicle.
FAW Sichuan Branches have become an important part of Sichuan automotive industry. Sichuan is the important strategic base of FAW to expand the market of southwest China. FAW Sichuan branches 2015 sales have exceeded 700,000 units. More than 10 billion yuan RMB tax have been paid and approximately 20,000 people employed.
FAW Group 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 two million units.