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Carmakers FAW, Dongfeng, Changan move closer to merging

Chinese state-owned trio sign a pact to team on tech development, overseas expansion

An auto show held in Guangzhou in November 2016. Dongfeng will cooperate with FAW and Changan to develop new technologies.

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.

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