The company, formerly known as Tianjin Minicar Factory, was restructured into Tianjin Automobile Li Xia Co., Ltd. on 1997 and listed on Shenzhen Stock Exchange on 1999. On June 14, 2002, FAW Group and Tianqi Group signed a reorganization agreement, and FAW Group acquired 50.98% of the shares originally held by Tianqi Group, holding the controlling stake of the company, and the enterprise was formally incorporated into the FAW system, hence the name Tianjin FAW Li Xia Automobile Co., Ltd.
At present, the company has advanced stamping, car body, painting and assembly production lines, vehicle quality inspection lines, automobile engine casting and machining production lines, transmission production lines, computer workstations, product development and testing laboratories, etc. It mainly produces Li Xia, Weizi, Le Wei and Wei Zhi series cars, and Tiannei brand automobile engine and Tiantooth brand transmission are also the fist products of the enterprise. As the cradle of economical cars in China, in the past 20 years, we have always adhered to the road of independent development, firmly implemented the strategy of independent innovation, developed and manufactured domestic cars that are affordable and useful for families in China, and successfully embarked on a road of "introduction, digestion, absorption and innovation". The cumulative sales exceeded 6.5438+0.5 million, ranking first in the sales of self-owned brands for 20 consecutive years. Our products are exported to Russia, Iran, Syria, Algeria, Ecuador and other countries. During the Eleventh Five-Year Plan period, we will adhere to the development vision of "building quality cars, being car owners and building a harmonious enterprise", launch nine new cars, form a lineup of economic cars with "international competitiveness and domestic leadership", and build the core competitiveness of "developing, manufacturing and selling the best quality economic cars with the most economical method and the fastest speed".
Tianjin FAW is an enterprise that produces economical cars, serving every family and paying attention to people's lives. It has always been our goal to provide users with safer, more fuel-efficient and more environmentally friendly "affordable" national cars. Looking forward to the future, we will take it as our responsibility to be excellent corporate citizens and repay users, employees, shareholders, partners and society.