In Guangzhou, FAW China, Toyota Motor, and GAC Group have entered into a fresh strategic cooperation framework agreement, with pertinent leaders and corporate executives collectively witnessing this significant signing event. The trio is set to uphold the principles of mutual benefit and win-win cooperation, embarking on profound and pragmatic collaboration across a multitude of domains. Leveraging capital as a connective link, they will undertake comprehensive and in-depth strategic cooperation in fields such as new energy transformation, thereby forging a novel model of cooperation. GAC is poised to issue stocks to acquire the 50% stake in FAW Toyota currently held by FAW. Upon the completion of this transaction, FAW Toyota will persist in its independent operation, while FAW will emerge as a pivotal strategic shareholder of GAC. Subsequently, FAW Toyota and GAC Toyota will forge alliances and collaborate across multiple functional areas. Notably, FAW China and GAC Industrial had already signed a strategic cooperation framework agreement on September 29, laying the groundwork for this expanded partnership.