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CHINESE AUTOMAKER FAW SIGNS DEAL TO ACQUIRE STAKE IN ZHUOYU

  • NEWS Desk Global
  • Sep 22
  • 1 min read

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Chinese automaker FAW has signed a deal to acquire a 35.8% stake in local driving assistance technology firm Zhuoyu, according to a notice issued by China’s market regulator on Monday. The public is invited to comment on the proposed investment through October 1.

This move signals FAW's continued investment in autonomous and assisted driving technologies, likely aimed at strengthening its position in China's rapidly evolving smart vehicle market.

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