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China FAW Group Corporation

(www.faw.com)
Updated: 2006-11-27 10:14

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 automobile industry. In 1991, working in partnership with Volkswagen AG, FAW created a new state-of-the-art production facility with a yearly 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 the group's dominant position in the truck industry.FAW has 27 wholly owned subsidiaries and controlling interest in 20 partially owned subsidiaries. FAW's production bases are evenly distributed in Northeastern China, Northern
China and East of Shangdong Province, and Southwestern China.

FAW has expanded its product line into six different categories of vehicles including light,medium, and heavy-duty trucks, cars, buses, and mini-vehicles with total sales in excess of seven million vehicles. FAW has been able to maintain its leading domestic market position while expanding into new international markets, executing a carefully planned strategy to build a comprehensive global organization.


(For more biz stories, please visit Industry Updates)



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