FAW Group
China FAW Group Corp., Ltd. (First Automobile Works) is a Chinese state-owned automobile manufacturer headquartered in Changchun, Jilin. Founded on 15 July 1953, 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.
Native name | 中国第一汽车集团有限公司 | ||||||
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| Company type | State-owned enterprise | ||||||
| Industry | Automotive | ||||||
| Founded | 15 July 1953 | ||||||
| Headquarters | , | ||||||
Area served | East Asia (except Taiwan, South Korea, Japan), Southeast Asia, South Asia, West Asia, Eastern Europe, and Africa | ||||||
Key people | Qiu Xiandong (Chairman) Xu Xianping (President) | ||||||
| Products | Automobiles Buses Trucks Automotive components | ||||||
Production output | 3,500,000 units (2021) | ||||||
| Revenue | RMB 292.7 billion (2010) | ||||||
Number of employees | 132,000 (2007) | ||||||
| Divisions | |||||||
| Subsidiaries | List
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| Chinese name | |||||||
| Simplified Chinese | 第一汽车集团 | ||||||
| Traditional Chinese | 第一汽車集團 | ||||||
| Literal meaning | First Automobile Group | ||||||
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| Abbreviation | |||||||
| Simplified Chinese | 中国一汽 | ||||||
| Traditional Chinese | 中國一汽 | ||||||
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| Website | www | ||||||
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, and auto parts. FAW became China's first automobile manufacturer when it unveiled the nation's first domestically produced passenger car, the Hongqi, in 1958.
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.
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).