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Hongqi, the well-respected car brand under China's leading automaker FAW Group, will stop investing in fuel cars and redirect all efforts to EVs. It will also accelerate expansion in high-end overseas markets
Chinese leading AI chip startup Cambricon (寒武纪) reached an agreement to cooperate with FAW (中国一汽)
The joint venture of Volkswagen’s Audi and China’s state-owned FAW Group has begun building Audi’s first electric vehicle plant in northeastern China’s Changchun of Jilin Province on June 28, reported Yicai Global.
AI development in China is to accelerate as technologies continue to mature, said a report.