China FAW Group Corporation is known as the state-owned super-large automobile manufacturer, and FAW is headquartered in Changchun. The second automobile factory, also known as "Second Automobile". Construction started in Shiyan City, Hubei Province 1969.
Shanghai Automobile Industry (Group) Corporation, referred to as "SAIC" for short, is one of the four major automobile groups in China (others: FAW, Dongfeng, Chang 'an), mainly engaged in the production, sales, development, investment of passenger cars, commercial vehicles and auto parts, and related automobile service trade and financial business. In order to protect the domestic automobile industry, foreign automobile enterprises invested by China must establish joint ventures with domestic enterprises.
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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, changing products and transforming factories, 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 to establish a150,000 vehicle base with Volkswagen; In 2002, it was reorganized jointly with Tianjin Automobile (Group) and cooperated with Toyota Company of Japan, and the product structure formed a new pattern of focusing on cars.
First Automobile has 30 wholly-owned subsidiaries and 17 holding subsidiaries, including three listed companies: FAW Car, FAW Li Xia and FAW Sihuan, as well as technical centers with product development and process material development capabilities in the domestic automobile industry. Total assets165.438+06.7 billion yuan, employees129,000 people.