Xiali recent announcement that has been signed with the FAW engine technology licensing agreement, FAW Xiali technology transfer fee to cover the way in the production of new engine plant built by the FAW Group, the TA developed the engine.

    Xiali said the new engine facility will produce by the China First Automobile Group Co has independently developed the world's advanced level in the TA series of petrol engines, the engine Xiali cars in addition to supporting, but also to FAW Group's other businesses within or outside sales.

    However, there is no engine Xiali whole R & D capability, therefore, the engine factory of the engine by the FAW Group is responsible for research and development R & D and pre-paid funds to the way technology licensing from the production company.

    Notice that the Board of Directors has adopted a series of TA paid to the FAW Group engine technology royalties motion. According to the motion, FAW Xiali TA series engine operation from the first 4 months after the start, according to 150 yuan each to pay royalties to the FAW Group, the total volume of 100 million commission, settled once every six months.

    Analysis pointed out that the new engine Xiali base has completed the construction. With the engine into the TA series of self-supporting, FAW Xiali's earnings are also expected to improve.