China’s leading auto maker FAW Group established FAW (Nanjing) Technology Development Co., Ltd. On April 9, with a registered capital of 50 million yuan, according to data from Tianyancha.
The business scope of FAW (Nanjing) Technology Development Co., Ltd. includes basic artificial intelligence software development, artificial intelligence application software development, artificial intelligence theory and algorithm software development, intelligent vehicle equipment manufacturing, big data services, and auto parts and accessories manufacturing.
With the commercialization of 5G, the Internet of Things and AI application scenes are emerging one after another.
Traditional car manufacturers are therefore seeking innovative transformation to follow the market demand in the smart era.
Founded in 1953 in the northeastern city of Changchun, FAW was the first automaker in China to own brands including Hongqi, Jiefang and Besturn. It also has joint ventures with carmakers such as Volkswagen, Mazda and Toyota.
