All staff of FAW Nanjing Technology Development Co., Ltd. were dismissed

FAW Nanjing Technology Development Co., Ltd. recently announced the dismissal of all employees, with a compensation plan of N+4. Employees can also choose to return to Changchun headquarters or compete for other positions in the group. The company was established in 2020 and was responsible for the development of Hongqi's third-generation L4-level Robotaxi and completed more than 100,000 kilometers of autonomous driving public road testing. The dissolution of FAW Nanjing may be related to market competition pressure or adjustments to the group's strategic layout.