Both parties will carry out in-depth cooperation in new mobility, virtual reality, auto parts, new energy and other fields through technological innovation and model innovation to achieve a win-win situation for both parties.
On October 10, 2018, China FAW Group Co., Ltd. (hereinafter referred to as "China FAW") and China Aviation Industry Group Co., Ltd. (hereinafter referred to as "Aviation Industry Group") held a strategic cooperation agreement signing ceremony in Beijing Aviation Industry Building, Xu Liuping, Chairman and Secretary of the Party Committee of China FAW Group Co., Ltd., and Tan Ruisong, Chairman and Secretary of the Party Group of Aviation Industry Group, attended and held talks. Xi Guohua, general manager and deputy secretary of the Party Committee of China FAW Group Co., Ltd., and Luo Ronghuai, general manager and deputy secretary of the party group of the Aviation Industry Group, signed the agreement on behalf of both parties.
According to the agreement, the two parties will focus on this strategic cooperation and give full play to the superior technology of the aviation industry group in the aviation field and China FAW in the automotive field, and jointly develop in new mobile travel tools, virtual reality technology, auto parts, new energy vehicles and other fields deep cooperation.
Aviation Industry Group is a large-scale central enterprise in the field of China's aviation product development and production. It is a professional research and manufacturing enterprise group specializing in various aircraft such as aviation weapons, military transport aircraft, helicopters, airborne systems, general aircraft, drones, etc. China FAW is one of the most powerful automobile companies in China's automobile industry. At present, its products cover a full range of cars, medium-heavy, light, micro, and passenger cars. It has established Changchun, Tianjin, Chengdu, Qingdao and Foshan as the center in China. Five major production bases. This cooperation is undoubtedly a strong alliance between my country's aerospace industry and the automotive industry, creating a precedent for the industry in terms of cooperation models and development concepts.
In the future, the two parties will explore the establishment of collaborative innovation laboratories and continue to conduct in-depth exchanges and cooperation in the fields of new technology research, new business exploration, and innovation ecosystem construction. Through the approach from shallow to deep, from point to face, China FAW and Aviation Industry Group continue to expand the cooperation content and cooperation depth, and finally achieve technological innovation and model innovation to achieve a win-win situation for both parties.