FAW Car Co., Ltd. (to be established) (hereinafter referred to as the company) was approved to be established on. State commission for restructuring the economy 199755. FAW Car Co., Ltd. is a holding subsidiary of China FAW Group, the core enterprise of FAW Group to develop its own brand passenger cars, and the first joint-stock listed company in China car manufacturing industry. The company's main business is to develop, manufacture and sell passenger cars, engines, gearboxes and their accessories.
China FAW Group Corporation (formerly the First Automobile Factory) is referred to as "China FAW" or "FAW", and its English brand logo is FAW, which is the abbreviation of the First Automobile Factory. It is a state-owned super-large automobile manufacturing enterprise directly under the central government. Headquartered in Changchun, FAW was formerly the First Automobile Factory, and the name of Changchun was inscribed by President Mao Zedong.
The foundation stone was laid for FAW 1953, and 1956 was completed and put into operation, producing the first Jiefang brand truck in new China. 1958 produced the first Dongfeng brand car and the first hongqi brand limousine in new China. The establishment of FAW started a new history of China automobile industry. After more than 60 years of development, FAW has become one of the largest automobile enterprise groups in China. In 20 13, the turnover reached 450 billion, ranking among the top 500 in the world for eight consecutive years.