China automaker FAW to explore broader cooperation with GAC after JV stake deal

FAW Group said Sept. 29 it will broaden cooperation with Guangzhou Automobile Industry Group (GAC) to improve operational quality and efficiency as consolidation accelerates in China’s auto market. The centrally administered state-owned automaker said a strategic cooperation framework agreement, signed Tuesday, will seek a new collaboration model between central and local state-owned manufacturers. The move follows FAW’s purchase of a JV stake in GAC, with the company framed as working to strengthen execution. FAW did not provide further financial details, but the company described the effort as part of a wider industry push toward scale and improved performance.