China FAW Group Corporation (formerly the First Automobile Factory) broke ground in July, 1953, from which China automobile industry started. Over the past 50 years, SAIC has shouldered the heavy responsibility of the development of China's automobile industry, and experienced three large-scale development stages: building a factory, product transformation and factory transformation, and getting on light vehicles and cars. The production of products has developed from a single truck to light cars and cars. 199 1 year set up a joint venture with Volkswagen AG of Germany to establish a150,000 vehicle base; In 2002, it was reorganized with Tianjin Automobile Industry (Group) Co., Ltd.; Cooperate with Toyota Motor Corporation of Japan. At present, the product structure has formed a new pattern with cars as the mainstay.
Shouqi has 27 wholly-owned subsidiaries and 16 holding subsidiaries, including wholly-owned subsidiaries such as faw liberation Automobile Co., Ltd., listed companies such as FAW Car Co., Ltd., Tianjin FAW Li Xia Automobile Co., Ltd., FAW Sihuan Co., Ltd. and Qi Ming Information Technology Co., Ltd., and Sino-foreign joint ventures such as FAW Volkswagen Co., Ltd. and Tianjin FAW Toyota Motor Co., Ltd., Three production bases with reasonable layout and technical centers with leading level in product development and process material development have been formed in Northeast China, North China, Jiaodong and Southwest China, with total assets of109.8 billion yuan and employees of13.33 million.
In 2007, it achieved sales of 65.438+0.4 million vehicles and sales revenue of 65.438+0.88 billion, ranking 385th among the "Top 500 in the world". China Top 500 Machinery 1 issue; "Top 500 Machinery in the World" ranked 7 1. The brand value of the company reached 4242 1 100 million yuan.
Up to now, SAIC has produced and sold more than 65,438+million medium, heavy and light cars, passenger cars and mini-cars. While consolidating and developing the domestic market, we have continuously explored the international market and gradually established a global marketing and procurement system.
Following the core values of "the first car, the first partner" and the business philosophy of "customer first", and practicing the industrial dream of "letting every family in China own their own car", FAW people are striving to build a new FAW with "one million scale, digital management and international management".