FAW Group

China FAW Group
Corporation Limited
Native name
中国第一汽车集团有限公司
Company typeState-owned enterprise
IndustryAutomotive
Founded15 July 1953; 71 years ago (15 July 1953)
Headquarters
Changchun, Jilin
,
China
Area served
East Asia (except Taiwan, South Korea, Japan), Southeast Asia, South Asia, West Asia, Eastern Europe, and Africa
Key people
Qiu Xiandong (Chairman)
[1]
Liu Yigong (President)
[2]
ProductsAutomobiles
Buses
Trucks
Automotive components
Production output
3,500,000 units (2021)[3]
RevenueIncrease US$ 89.5 billion (2023)[4]
Decrease US$ 2.9 billion (2023)[4]
Total assetsUS$ 99.5 billion (2023)[4]
Number of employees
119,658 (2023)[4]
Divisions
Subsidiaries
List
Chinese name
Simplified Chinese第一汽车集团
Traditional Chinese第一汽車集團
Literal meaningFirst Automotive Group
Transcriptions
Standard Mandarin
Hanyu PinyinDìyī Qìchē Jítuán
Abbreviation
Simplified Chinese中国一汽
Traditional Chinese中國一汽
Transcriptions
Standard Mandarin
Hanyu PinyinZhōngguó Yīqì
Websitefaw.com

China FAW Group Corp., Ltd. (First Automotive Works) is a Chinese state-owned automobile manufacturer headquartered in Changchun, Jilin.[5] Founded on 15 July 1953,[6][7] it is currently the second largest of the "Big Four" state-owned car manufacturers of China, together with SAIC Motor, Dongfeng Motor Corporation and Changan Automobile.[8]

The company produces and sells vehicles under its own branding, such as Hongqi, Bestune (Benteng) as well as under foreign-branded joint ventures such as FAW-Toyota and FAW-Volkswagen (Volkswagen, Audi, Jetta).

Its principal products are automobiles, buses, light, medium and heavy-duty trucks,[9] and auto parts.[10] FAW became China's first automobile manufacturer when it unveiled the nation's first domestically produced passenger car, the Hongqi, in 1958.[11]

As a state-owned enterprise of China, FAW Group is controlled and managed by SASAC, which under Chinese law performs the functions of an investor.[12]

The company has three publicly traded subsidiaries: FAW Jiefang Group Co., Ltd. (SZSE: 000800), Changchun FAWAY Automobile Components Co., Ltd. (SSE: 600742) and Qiming INFORMATION TECHNOLOGY Co., Ltd. (SZSE: 002232).[13]

  1. ^ "一旗". China News Service. Archived from the original on 3 August 2017. Retrieved 2 August 2017.
  2. ^ "Executives". FAW Group Corporation. Archived from the original on 2 May 2012. Retrieved 30 April 2012.
  3. ^ "Autoline Daily". Retrieved 3 March 2022.
  4. ^ a b c d "China FAW Group". Fortune GLobal 500. Fortune. Retrieved 2024-08-24.
  5. ^ FAW Today Archived 2010-03-23 at the Wayback Machine FAW's 50th Anniversary Brochure
  6. ^ "Passing bumps in the road: what we can learn from FAW's 70-year journey-Xinhua". english.news.cn. Retrieved 2023-07-15.
  7. ^ "Company Profile".
  8. ^ "2021全年汽车销量出炉，上汽卫冕，三家民营车企挤入前十_腾讯新闻". 14 January 2022.
  9. ^ About FAW Profile FAW Official Site
  10. ^ Products Components & Parts FAW Official Site
  11. ^ Key Events, May 21, 1958/Aug. 1, 1958 Archived March 4, 2009, at the Wayback Machine FAW Official site
  12. ^ "laws". www.npc.gov.cn. Retrieved 2023-04-15.
  13. ^ "上市公司". www.faw.com.cn. Retrieved 2023-11-29.