China FAW Group Co., Ltd. (hereinafter referred to as FAW Group) is a state-owned super-large automobile enterprise group. Formerly known as No.1 Automobile Factory, the foundation stone was laid in 1953, the first truck (Jiefang brand) in new China was built and put into operation in 1956, and the first car (Dongfeng brand) and the first limousine (Hongqi brand) in new China were built in 1958. The completion of FAW has opened the history of new China automobile industry.
After more than 60 years of development, FAW Group has established five production bases in Northeast China, North China, East China, South China and Southwest China, and established a global R&D layout. It owns independent brands such as Hongqi, Jiefang and Pentium, as well as joint ventures and cooperative brands such as Volkswagen, Audi and Toyota, with a cumulative production and sales of more than 50 million vehicles, ranking first in the automobile industry in China.
The definition of central enterprises:
Central enterprises, referred to as "centrally managed enterprises" for short, refer to wholly state-owned or state-controlled enterprises directly managed by the Central People's Government (the State Council) or entrusted by the state-owned assets supervision and administration institutions to exercise the responsibilities of investors, and their leading institutions are entrusted by the Central Organization Department, the State-owned Assets Supervision and Administration Commission of the State Council or other central ministries (associations).
According to the authority of state-owned assets management, state-owned enterprises are divided into central enterprises (state-owned enterprises supervised and managed by the central government) and local enterprises (state-owned enterprises supervised and managed by local governments). Central enterprises occupy a dominant position in major industries and key areas related to national security and the lifeline of the national economy, and are an important pillar of the national economy.