Directory of Central SOEs
China FAW Group Co Ltd (FAW)
Updated: Apr 22, 2019
faw.com
Print
Share - WeChat
Overview:
China FAW Group Co Ltd, founded as the “First Automobile Works”, is the birthplace of China’s automotive industry. As China's oldest and largest passenger car, bus, coach, and commercial truck manufacturer and the lead pioneer in the industry, FAW reaffirms its dominant position year-after-year with exciting and cutting-edge vehicles that meet and exceed customer demands around the world.
Management concept:
The ability to quickly bring new and innovative products to market requires a strong labor-management relationship based on mutual respect and the desire to excel.
The company strives to reduce and simplify management processes to achieve optimized efficiency, and empower employees to take an active role in mutual success and future.
Mission:
Endeavor to evolve today’s dreams into tomorrow’s reality.
Strategic direction:
China FAW Group is committed to offering the world a full range of quality passenger cars, buses, coaches, and commercial trucks that exceed the needs and demands of customers. It incorporates the latest technology to deliver exciting products that can benefit society with cutting edge efficiency, world class safety features, and environmentally friendly operation while encouraging energy diversity through the use of hybrid and alternate fuel technologies.
Global
FAW-Volkswagen Automobile Co Ltd is a large-scale passenger car manufacturer joint venture between FAW Group Corporation and Volkswagen AG, with share investments of 60 percent and 40 percent respectively.
FAW-Volkswagen Automobile Co Ltd was established in 1991, with the first A2 Jetta automobile rolling off the assembly line on December 5th of that year. Audi AG became a member of the partnership in 1995, and full scale production commenced in July, 1996.
The company covers an area of 1.16 million square meters and has a total investment of 11.13 billion yuan ($1.75 billion) and registered capital of 3.71 billion yuan.
Following 10 years of continuous construction and development, the product offerings of FAW-Volkswagen have extended from the Jetta sedan to include the Bora IV, Caddy MPV, Golf IV, Magotan (European Passat), Sagitar (European Jetta), Audi A4, and A6L. The luxurious extended wheelbase A6L is produced exclusively by FAW-Volkswagen.
Website: https://www.faw.com
