FAW

FAW is pushing forward the second phase of its Intelligent Network Connection Project to accelerate the development and operation of Hongqi intelligent vehicles.

In addition to passenger cars, trucks have become an important market for autonomous driving giants.

The company claimed the system is the world's first vehicle-side perception-based L4 valet parking system, supporting both commercial parking lots and private parking scenarios.

BYD will supply its blade batteries to FAW and Hongqi and the batteries will be installed in the two companies' vehicles in the second half of the year, local media report said.

The new PPE joint venture is expected to be established in the first quarter of 2021 after approval by all shareholders and Chinese regulators.

Chinese Auto maker FAW announced on October 13 that it has signed a memorandum of understanding with longtime partner Audi in Changchun to establish a joint venture company to produce electric vehicles. 

The J7, an L3 self-driving super heavy-duty truck led by Chinese truck maker FAW Jiefang, was launched on September 6, becoming a milestone product in FAW Jiefang's "Columbus Smart Logistics Open Program".

China's leading auto maker FAW Group established FAW (Nanjing) Technology Development Co., Ltd. On April 9, with a registered capital of 50 million yuan, according to data from Tianyancha.

On March 27, China FAW launched a construction project of an intelligent network connected innovation test base in Changchun.

Japanese automaker Toyota and its partner FAW Group plan to build a new electric vehicle plant in Tianjin with a planned investment of about 8.5 billion yuan (about $1.22 billion), according to Reuters.