[FAW Group General Manager Qiu Xiandong: technological innovation investment and new production capacity will all be used for new energy vehicles]. Qiu Xiandong, general manager of China first Automobile Group Co., Ltd., said in a keynote speech at the 2023 World Power Battery Congress held this morning that FAW Group will accelerate investment in new energy, and now our investment strategy is "two all, one stop." "two all" means that all the investment in technological innovation is devoted to new energy vehicles, the new production capacity is all used in new energy vehicles, and "one stop" means to stop the new investment in traditional fuel vehicle technology and production capacity. (financial Associated Press reporter Xing Qixin)