Is Changchun FAW Fu Wei a state-owned enterprise or a private enterprise?

The enterprise is a state-owned enterprise.

Changchun FAW Fu Wei Auto Parts Co., Ltd. was established in June 1993, which is the first "experimental field for joint-stock reform" of FAW Group. The company is located at Dongfeng South Street 1399, Automobile Industry Development Zone. It was listed on the Shanghai Stock Exchange on August 26th, 1996 with a total share capital of 2 1, 1, 523, 400 yuan. Total assets increased from 94 million yuan in 1993 to 21300,000 yuan in 2005.

The company has five wholly-owned subsidiaries, such as wheel branch, special vehicle branch, automobile research joint modification branch, stamping parts branch and transportation economic and trade branch, which can independently develop and sell modified cars and produce trunk assembly, wheel assembly, automobile interior and electrical appliances, automobile stamping parts, plastic parts, filters, rearview mirrors and other products for FAW and other automobile manufacturers. It is a pillar enterprise on the spare parts industry platform of FAW Group.