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Analysts say the cooperation between FAW Group and GAC Group signals a tipping point for consolidation in China's auto industry.
Nikkei Asia reported that the high-profile collaboration between China's two major state-owned automakers, FAW Group and GAC Group, may signal broader consolidation in the world's largest automotive market. Analysts believe this indicates Beijing's dwindling patience with the auto industry's long-standing overcapacity and its desire to stop the "cash burn."
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Source：Nikkei Asia · Source Link
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