Recently, Changan Automobile announced that Changan Automobile, China FAW, Dongfeng Motor, China South Industries Group, the Nanjing Jiangning Economic Development and Technology Development Co., Ltd. signed an agreement to jointly initiated the establishment of T3 technology platform company with a registered capital of 16 billion yuan RMB (cash contribution).
wherein, Changan Automobile invested 500 million stake 3.125 percentage; FAW invested 4 billion percentage stake 25; east invested 4 billion shares the proportion of 25 percentage; the soldiers loaded the Group invested 3.5 billion yuan, 21.875 stake percentage; Jiangning Economic and technological Development Technology invested 4 billion yuan, 25 percentage stake. FAW, Dongfeng, Changan Automobile and military equipment group T3 technology platform jointly controlled companies, operators constitute a concentrated, this transaction is subject to obtaining the approval of the State Administration of the market.
For this partnership, Changan Automobile said in the earnings report, the automobile industry to the intelligent, energy transformation and upgrading is a new trend, jointly set up by vehicle technology research and development company, We can further strengthen research and development. Changan Automobile Investment T3 technology platform companies can integrate high-quality resources and to build forward-looking, common, core technology development and investment platform, participate in the formulation of industry standards, to meet the needs of the company’s development strategy.