Established in 2001, Changan Ford is a Sino-US joint ve

joint venture with registered capital of $241 million.

Chongqing Changan Automobile Co Ltd remains the largest shareholder, with a 50 percent stake.

Ford Asia-Pacific Automobile holdings own 35 percent of company shares, while Ford Motor (China) holds a 15 percent stake.

The share price of Chang’an Motors once plummeted around seven percent on Wednesday morning.

Changan Ford said in a statement later on Wednesday that the company fully respects

and will abide by the decision made by national authorities in the anti-monopoly investigation. The company fu

rther said that it has taken action to standardize regional sales management with dealers.

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industrial internet and the internet of vehicles are am

ong the country’s top development priorities in the telecommuni

cations industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Te

chnology, said on Friday during the World Telecommunication and Information Society Day.

Zhang called for accelerated efforts to set standards in key areas, including 5G, to expedit

e the commercialization of this forefront technology and bolster the nation’s core competitiveness.

Major Chinese smartphone maker Huawei Technologies Co has a

lready unveiled its first 5G chip and first 5G foldable smartphone, the Mate X, which is

expected to hit the market in June, despite challenges involving the United States.

Also on Friday, shortly after the US said it would ban Huawei from buying US t

echnology without special approval, Huawei’s chipmaking arm, HiSilicon, said

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