AutoBeta(AutoBeta.net)01/19 Report--

It will be the norm for automobile companies to huddle together for heating. A few days ago, Changan Automobile issued a notice that the company plans to sign an agreement with FAW, Dongfeng, Armament Group and Jiangning Jingkai Technology to jointly fund the establishment of T3 Technology platform Company to further strengthen technology research and development and sharing.

According to the announcement, the registered capital of T3 Technology platform Company is 16 billion yuan, the proportion of which is as follows: Changan Automobile contributed 500 million yuan, with a shareholding ratio of 3.13 percent; FAW contributed 4 billion yuan, with a shareholding ratio of 25 percent; Dongfeng contributed 4 billion yuan, with a shareholding ratio of 25 percent; Armament Group contributed 3.5 billion yuan, with a shareholding ratio of 21.88 percent; Jiangning Economic Development Technology contributed 4 billion yuan, with a shareholding ratio of 25 percent.

It is understood that T3 Technology platform Company will acquire three major areas of technology: electric platform and advanced chassis control, hydrogen fuel power, intelligent driving and central computing through independent research and development and investment mergers and acquisitions.

Changan Automobile said that the transformation and upgrading of the automobile industry to intelligence and new energy is a general trend, and through the joint establishment of a complete vehicle technology research and development company, technology research and development can be further strengthened. Changan Automobile Investment T3 Technology platform Company can integrate high-quality resources, create a forward-looking, common, core technology development and investment platform, participate in the formulation of industry-related standards, and meet the needs of the company's development strategy.

With the establishment of the new joint venture, Changan Automobile believes that the establishment of the company will support Changan Automobile in the development of the next generation of intelligent new energy vehicles, and support the high-tech level of mobile travel held by T3 shareholders.

Taiwan Company gives priority to providing core technology, platform and system solutions to T3 shareholders. By integrating external resources and sharing risks, Changan Automobile is conducive to the accelerated implementation of the strategic policy of "the third Entrepreneurship-innovative Entrepreneurship Plan", "Shangri-La" and "Beidou Tianshu".

As early as December 2017, FAW, Dongfeng and Changan signed a strategic cooperation framework agreement on the establishment of T3 Science and Technology platform Company. In December 2018, the three parties signed the Joint Venture and Cooperation intention Agreement of T3 Science and Technology platform Company in Beijing. After two years of planning and preparation, the new company is about to be put into operation.

Judging from the hand-in-hand cooperation of the three major automobile companies, it will become the norm for the automobile industry to stay warm in order to cope with market competition, help to reduce costs, lighten the burden, and gather superior resources of all parties.

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