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On July 18, FAW Qixin Power (Changchun) Technology Co., Ltd. (hereinafter referred to as "Qixin Power Technology"), a wholly-owned subsidiary of FAW, held a grand opening ceremony in Changchun, Jilin Province. With a registered capital of 500 million Chinese yuan, the company's core business revolves around engines, transmissions, and new energy power battery electric drives, specifically tailored to complement Hongqi and Besturn models. Its ambition is to emerge as a pioneering enterprise in the realm of new energy powertrain technology. Additionally, Qixin Power Technology's portfolio extends to the research, development, manufacturing, and sales of intelligent robots, along with offering a range of technical services, including the development of artificial intelligence application software.
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