FAW, Dongfeng and Changan are strategically reorganizing to create a world-class automobile group

The State-owned Assets Supervision and Administration Commission of the State Council announced that FAW Group, Dongfeng Motor and Changan Automobile, three central enterprises, will undergo a strategic reorganization, with the goal of creating a world-class automobile group with global competitiveness, mastering independent core technologies, and leading the intelligent network transformation. This move will help solve the problem of internal resource consumption, improve technology research and development efficiency, and optimize overseas market layout.