FAW Group
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| State-owned enterprise | |
| Industry | Automotive |
| Founded | July 15, 1953 (Changchun) |
| Headquarters | Changchun, Jilin, China |
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Key people
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Xu Ping (Chairman) Xu Xianping (President) |
| Products |
Automobiles Buses Trucks Automotive components |
| Revenue | RMB 292.7 billion (2010) |
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Number of employees
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132,000 (2007) |
| Divisions |
Besturn Hongqi Oley |
| Subsidiaries |
List
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| Website | FAW.com |
| FAW Group | |||||||
| 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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| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Dìyī Qìchē Jítuán |
FAW Group Corporation is a Chinese state-owned automotive manufacturing company headquartered in Changchun, Jilin, China. 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 Hong Qi, in 1958.
FAW is one of the "Big Four" Chinese automakers alongside Changan Automobile, Dongfeng Motor, and SAIC Motor. In 2014, the company ranked third in terms of output making 2.7 million whole vehicles.
The company has three publicly traded subsidiaries: FAW Car Company (: 000800), Tianjin FAW Xiali Automobile Co Ltd (: 000927), and Changchun FAWAY Automobile Components Co Ltd (: ).
In 1953, the first year of the first five-year plan, First Automobile Works broke ground on its first factory although it didn't produce its first product, the 4-ton Jie Fang CA-10 truck (based on the Russian ZIS-150), until 1956.
Soviet Russia lent assistance during these early years providing technical support, tooling, and production machinery. Before its first factory opened, 39 Chinese FAW employees traveled to the Stalin Truck Factory for instruction in truck production. Operations were conducted in the Soviet mold, and Russia is even credited with choosing Changchun as the location for the first FAW vehicle-manufacturing facility. The city boasted an industrial base left over from Japanese occupation and, situated in northeastern China, is near Russia.
First Automobile Works initially made only commercial trucks but started producing passenger cars in 1958. These vehicles, the Hong Qi luxury sedans, were the first domestically produced Chinese automobiles. Only for party elite, the design changed little over their thirty-year production run. Following this, FAW's Audi products are the traditionally favored choice for ranking Chinese state officials. These Audis are, alongside Beijing Benz Mercedes Benzes some of the only Western luxury cars to have gained popularity in the Chinese market.
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Wikipedia