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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.

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