Fuao Auto Parts Co., Ltd. is a wholly-owned subsidiary of China FAW Group Corporation. It has 8 wholly-owned subsidiaries, 15 Sino-foreign joint ventures and fixed assets of 3.3 billion yuan. In 2003, it achieved sales revenue of10.5 billion yuan, and it is a large-scale auto parts enterprise in China. Fuao brand series products include: steering and transmission system, suspension and walking system, cooling and air conditioning system, chassis accessories system, body accessories system, engine accessories system and interior decoration system, covering heavy, medium, light and micro commercial vehicles and high, medium and low-grade passenger cars, with an annual production capacity of over 600,000 vehicles.
From June, 5438 to February, 2007, the overall restructuring was carried out according to the relevant policies of the state on the restructuring of state-owned enterprises and the unified deployment of the system reform of FAW Group. After the reform, enterprises introduced private capital and established a standardized corporate governance structure. The system reform has injected vitality into the fierce market competition and laid the foundation for the healthy development of enterprises. (Photo/Text/Photo: Pacific Auto Network Wu Binbin)