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Compensation for victims to be raised and fines increased for guilty parties
Confident in China's premium car segment, FAW and Audi are increasing their investment in FAW-Volkswagen to expand its capacity and product lineup.
Committed to promoting high-level opening up, China will carry out the negotiations with the EU in the premise of upholding its security and development interests as well as at its own pace, and work to reach a comprehensive, balanced and high-level investment treaty, an MOC spokesperson said in an online response to press query about the two sides' progress in negotiation.
Company will focus on enhancing users' experiences in first- to third-tier cities
Competition is getting fiercer as established automakers roll out more models and startups launch their first ones, as the Chinese government phases out subsidies to spur carmakers to improve product quality and standards. Analysts said withdrawing subsidies may dent sales in the short term but will benefit the industry in the long run as it will force out those over-reliant on financial stimuli. They added that local governments' investment in charging facilities will further foster the sector in China.
来源：资阳报