FAW, Dongfeng, Changan co-establish T3 mobility joint venture

Shang (Gasgoo)- FAW Group, Dongfeng Motor Corporation and Chongqing Changan Automobile Co., Ltd have officially signed a letter of intent in recent days to jointly establish a T3 mobility service company, marking another significant cooperative step since three companies formed partnership on December 1, 2017.

According to the statement released by Dongfeng Motor Corporation, the three state-owned automakers will make full use of their resources in vehicle manufacturing and marketing channels and invite partners from other industries to promote the thorough marketization of their joint mobility services from such aspects as talent pool, technologies, personnel structure, investment, etc. The intensified partnership among the three traditional automakers will help them to survive the complex and changeable market climate and strengthen their respective competitiveness in the nascent mobility market.

Building state-owned mobility service firms and supplying high-quality and secure mobility services are well aligned with Chinese government's expectation and requirements for China's future transportation modes. For instance, it will help to secure the data of urban traffic environment, boost the construction of national urban traffic data center and enhance the efficiency of urban traffic management.

In addition, three companies can maximize the potential of in-depth vehicle customization and data security platform to ensure the services’ quality and security for users.

What's more, three companies hope to offer consumers the services with higher efficiency and security by virtue of their merits in autonomous driving area.