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On May 16, FAW Group and New Unisplendour Group signed a strategic cooperation agreement in Beijing, marking a significant milestone in their collaborative efforts. This agreement encompasses a wide range of initiatives, including the utilization of domestic chips, the establishment of robust supply chain resources, technological advancements, the development of a chip industry ecosystem, and mutual market cooperation. By leveraging their respective strengths, both parties aim to jointly foster an automotive-grade chip industry ecosystem that spans design, manufacturing, testing, application, and system solutions. This will be achieved through project collaborations, technological breakthroughs, and capital cooperation, ultimately strengthening supply-demand linkages and industrial coordination.
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