BEIJING -- Three major Chinese state-owned automakers signed a strategic partnership agreement on Friday, a move seen as another step toward an eventual merger.
FAW Group, Dongfeng Motor and Chongqing Changan Automobile will collaborate on four areas: developing technologies like electric vehicles and autonomous driving; manufacturing cars and procuring parts; expanding overseas; and devising sales methods for the sharing economy. Working together, they seek to make Chinese-brand vehicles more competitive in the global arena.
