The cooperation between China FAW and Ningde era is getting closer and closer. The two sides began to cooperate with each other in 2016. On September 30, 2016, China FAW and Ningde Times New Energy Technology Co., Ltd. held a strategic cooperation agreement signing ceremony at the FAW Administrative Affairs Center. In June 2018, FAW Group and Ningde era jointly participated in the B-round financing of Baiteng. Automobile industry and parts companies are relatively rare. Parts leaders and traditional car companies are all involved in the investment of a new car. The cooperation between the two parties is a "big game." Nowadays, with the establishment of the power battery jointly established by FAW and Ningde era, the next step will be to enter into the substantive implementation stage of the foundation laying and construction of the project, which means that the cooperation relationship between FAW and Ningde era is deeper and closer. . In recent years, domestic brands have become increasingly competitive in the new energy vehicle market. It is reported that by 2020, global new energy vehicle sales will be close to 5 million, while China's own brand new energy vehicles will account for 40%. Although FAW Group started slightly late in the research and development and promotion of new energy vehicles, it is believed that the in-depth cooperation between FAW and Ningde will make FAW, a domestic auto giant, take an important step in the promotion of new energy vehicles.
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FAW Group 
Ningde era power battery
On February 28, 2019, it was learned that Times FAW Power Battery Co., Ltd., which was jointly funded by Ningde Times and FAW Group , was registered on January 31. The legal representative is Qu Tao, with a registered capital of 2 billion yuan. The registered address is Xiapu County Economic Development. No. 5, Changfu Road, District. The land for the project is expected to exceed one thousand mu. After the project is put into production, FAW will produce power batteries in Xiapu, Ningde, and deploy unmanned technology.
May 19, 2023