Founder FAW Group, formerly known as No.1 Automobile Factory, was established in 1953, which belongs to the Ministry of Machinery Industry of China. It is the first automobile industrial base built in China during the first five-year plan period.
After more than 40 years of development and construction, the production capacity of medium-sized trucks has reached 6.5438+0.5 million, forming a product pattern of all-round development of medium, light and passenger cars, with 6.5438+0.5 million light vehicle bases, 30,000 middle and high-class passenger car bases and 6.5438+0.5 million Volkswagen passenger car bases jointly built with Volkswagen. The enterprise structure has also changed from a single factory to a state-owned super-large enterprise group consisting of 35 directly affiliated professional factories, 12 wholly-owned subsidiaries, 12 holding subsidiaries, 17 joint-stock companies and 243 affiliated enterprises. By the end of 1996, FAW Group had total assets of 28 1 100 million yuan and net assets of 7.5 billion yuan.
Since 1990s, FAW Group, as a single legal person, has been ranked first in the same industry in China in terms of automobile production, sales volume and sales revenue. In the ranking of the top 500 large enterprises in China, it always maintains the leading position of 10. With the domestic automobile market weak for three consecutive years, FAW Group ranked first in the industry in terms of production, sales and export volume from 65438 to 0996. FAW Group is known as "the cradle of China's automobile industry" and has been awarded the honorary title by the party and the state for many times.
During the period of 1995, FAW Group was awarded the second place of "China Automobile King" and "Top 100 Enterprises in Science and Technology" by the National Bureau of Statistics and other departments.
1996, and successfully passed the ISO900 1 quality certification, creating a precedent for super-large enterprises to pass the certification as a whole. FAW Group Corporation, as one of the 56 reform pilot enterprise groups approved by the State Council, exclusively initiated the reorganization of some assets related to the production of Hongqi cars and set up the company by raising funds. Confirmed by the State Administration of State-owned Assets [1996] No.336, as of1996, 65438+2 and 3 1 day, the total assets invested by the promoters in the company were 2,937,048,900 yuan, and the net assets were1/kloc-. Approved by the State Administration of State-owned Assets, State-owned Enterprise Development [1997] No.49, the net assets invested by the promoters of the company were converted into 750 million shares of state-owned legal person. The public holds 300 million shares (including 30 million shares held by employees of the company), with a total share capital of10.5 million shares.