Consolidating manufacturing platforms speed dating in clapham junction
First, the three companies will establish an r&d center to develop technology for electric vehicles, connectivity and lightweight materials.
After two years' preparation, those two companies merged in 2016.
To be sure, knitting FAW, Dongfeng and Changan into one entity will not be easy.
Each company has overlapping products and hundreds of thousands of employees.
But the three companies appear to have a sense of urgency.
They don't have competitive products, they've struggled to expand overseas, and they've been slow to jump into China’s fast-growing EV market. reaffirmed on Sunday it is talking with the Shanghai municipal government to set up a factory in the region and expects to agree on a plan by the end of the year, but ...