An Introduction to FAW Group (Part 1)

⊆ Saturday, December 22, 2007 by Victor | , , . | ˜ 0 comments »

FAW Group----The biggest One in China


FAW Group is a global leader in the vehicle manufacturing industry with a 50-year history of innovation. Founded in 1953, FAW employs 133,000 people around the world and sells products in over 70 countries. FAW is a diversified maker of quality light, medium, and heavy-duty trucks, automobiles, municipal buses and luxury tourist coaches, custom bus chassis, and mini-vehicles with total sales in excess of 7 million vehicles worldwide. FAW maintains the lead market position within China while continuing to expand into new international markets, executing a carefully planned strategy to build a comprehensive global organization.

China FAW Group Corporation, commonly referred to as FAW due to its original name of First Automotive Works, broke ground for its first factory on July 15, 1953. Since then, FAW has been at the forefront of promoting China's automotive industry. Although FAW began life solely as a commercial truck producer, it later expanded into the light truck and car sector. In 1991, working in partnership with Volkswagen AG, FAW constructed a new state-of-the-art automobile factory with an annual production capacity in excess of 150,000 units. In 2002, Tianjin Automobile Industry (Group) Corporation was merged into FAW Group Corporation, and began joint venture production with Toyota Motor Corporation. At present, FAW's current production strategies put a heavier emphasis on the production of cars while maintaining our dominant position in the commercial truck industry.

FAW has 27 wholly owned subsidiaries and controlling interest in 20 partially owned subsidiaries. Among these are FAW Jiefang Truck Co. Ltd. and Fawer Automobile Parts Co. Ltd., which are wholly owned subsidiaries; FAW Car Co. Ltd., Tianjin FAW Xiali Automobile Co. Ltd., and Changchun FAW Sihuan Automobile Co. Ltd., whose shares are traded on the stock exchange, and FAW-Volkswagen Automobile Co. Ltd. and Tianjin FAW Toyota Motor Co. Ltd., both of which are Sino-foreign joint ventures.

FAW's production bases are located in northeast China's Jilin and Heilongjiang provinces, east China's Shandong province and Tianjin municipality, south China's Hainan province, and southwest China's Sichuan and Yunnan provinces.

FAW's state-of-the-art government-certified engineering development and test center, China's largest and most extensive automotive R&D facility, is the country's leader in automobile and commercial vehicle research. It stands alone in China in possessing both cold and semi-tropical weather vehicle testing facilities. The company's total assets are valued at 109.85 billion Yuan (US $14.27 billion).

They are dedicated to the core value that total customer satisfaction is their number one priority. As a global player with a sales volume now over one million units per year, they take advantage of the latest cutting edge technologies, production methods, and management practices to bring their customers the latest in automobile, truck, and bus design.










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