Are China FAW Co., Ltd. and China FAW Group Corporation a unit?

China First Automobile Co., Ltd. and China First Automobile Group Corporation are not a unit.

China First Automobile Co., Ltd. holds 53.03% of the shares of FAW Car Co., Ltd. FAW Car Company Limited is a holding subsidiary of China First Automobile Company Limited.

Precautions:

FAW logo: The visual scene of "Eagle" is formed through the combination and evolution with "FAW" in the first automobile as the core element.

Moral: the first car fights the sky and flies high.

A few days ago, FAW determined the goal and five development strategies of FAW Group in the 11th Five-Year Plan. The development policy of FAW in the 11th Five-Year Plan is: independent development and open cooperation. The goal is: by 20 10, the total sales volume will exceed 2 million vehicles, the sales volume of independent products will exceed 1 10,000 vehicles, and the sales revenue will exceed 200 billion yuan.