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On the evening of September 17, Dongfeng Group Co., Ltd. made a public announcement, revealing that it had inked an investment pact with Dongfeng Motor Co., Ltd., Xiangyang Holdings, and Xianggao Investment. The four entities will jointly pump in 8.47 billion yuan to set up a joint venture firm, which will be dedicated to advancing the Mengshi brand. Additionally, the partnership between Dongfeng Mengshi and Huawei will embrace a novel collaborative framework, one that bridges the gap between the 'HI' model and the 'Smart Vehicle Selection' model. The intangible asset utilization rights provided by Dongfeng Group Co., Ltd. encompass the licensing privileges for the Mengshi series trademark, vehicle model platforms, and the authorized utilization rights for proprietary technology asset clusters associated with intelligent driving.
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