China FAW, Ordnance Equipment Group, Dongfeng Motor will form T3 Technology Platform Company

In order to effectively implement the strategy of strengthening the country by automobile and improve the independent innovation system of the automobile industry, China First Automobile Group Co., Ltd. (hereinafter referred to as "China FAW"), China Ordnance Equipment Group Co., Ltd. (hereinafter referred to as "Arms Equipment Group"), Dongfeng The Automobile Group Co., Ltd. (hereinafter referred to as “Dongfeng Motor”) signed the “T3 Technology Platform Company Joint Venture Cooperation Intention Agreement” in Beijing.

Xu Liuping, Chairman and Party Secretary of China First Automobile Group Co., Ltd., Xu Ping, Chairman and Party Secretary of China Ordnance Equipment Group Co., Ltd., Chairman and Party Secretary of Dongfeng Motor Group Co., Ltd. Yan Yanfeng, General Manager of China First Automobile Group Co., Ltd. The deputy secretary of the party committee, Guo Guohua, and other guests attended the event and witnessed the signing of the agreement. The general manager of China First Automobile Group Co., Ltd. and deputy secretary of the party committee, Guo Guohua, presided over the signing ceremony.

T3 Technology Platform Company is jointly established by China First Automobile Group Co., Ltd., China Ordnance Equipment Group and its subsidiary Chongqing Changan Automobile Co., Ltd. (hereinafter referred to as “Changan Automobile”) and Dongfeng Motor Group Co., Ltd., positioning itself as a new energy intelligent automobile industry. Forward-looking, commonality, platform, core technology research and development and supporting service organization, is committed to "becoming the leader of the future forward-looking automotive technology, creating a more environmentally friendly, safer and better car ecosystem." It will drive the future, the future of the car, the ecological future, new intelligent network with a focus on energy, the core focus of R & D platform and next-generation automotive system modules, to achieve a new round of automotive technology upgrades and beyond, to promote the next generation of cars formed the core competitiveness of force, become a model for the next generation of China's auto industry vehicle innovation.

The pattern of differentiation in the global automotive industry, under industrial form of alliance, increasingly fierce competition background, T3 technology platform company formation right time. The three parties will vigorously promote the further cooperation of T3 strategic cooperation, resolutely achieve "fast results, more results, and greater results", accelerate the transformation and upgrading of China's auto industry, and resolutely assume the lofty mission of a strong Chinese auto industry.

This is another major landing the Big Three automakers central enterprises signed a strategic cooperation framework agreement last December 1. In the past year, the three parties have been actively and steadily advancing, and jointly carried out comprehensive cooperation in four areas, such as forward-looking common technological innovation, automobile full-value chain operation, joint sea going out, and new business model exploration. All work has achieved initial results.

The next five years will be the best opportunity for the growth of China's independent brands, China's auto industry is ushering in a new round of new energy, intelligent network linking, sharing travel as the leading industrial revolution. The leading enterprises of Guozihao Automobile will carry out in-depth cooperation and create competitive advantages. They will surely achieve win-win development, seize the important development opportunities of industrial transformation, and shoulder the important mission of building a car power.

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