Founded | 1980 |
---|---|
Headquarters | Jilin City, China |
Area served | China |
Parent | Shandong Baoya Group (70.5%) FAW Group (29.5%) |
Website | www |
FAW Jilin (一汽吉林) is a subsidiary of the First Automobile Works and a maker of mini vehicles, small trucks and vans that see commercial use.[1] It is located in Jilin City, Jilin province, China.[2]
Founded in 1980, FAW purchased Jilin in 1987.[3] Since October 2005, it was in a joint venture with Daihatsu Motor Co. of Japan, but this was dissolved in January 2010.[3][4] Jilin retains production rights to the vehicles built and also retains the production facilities.[5]
In 2019, Shandong Baoya New Energy Automotive Co., Ltd. (Baoya New Energy) has acquired a 70.5% equity stake in FAW Jilin for ¥1.5 billion. Following this capital increase and expansion of shares, FAW Group's equity in FAW Jilin has been diluted from 100% to 29.50%.[6]