China's First Automobile Works (FAW) Group aims to sell over 2 million vehicles a year by 2010.

If this target is reached, sales revenue in 2010 will exceed 200 billion yuan. Over 1 million of the vehicles sold will be designed and produced locally.

The principles of development for the Eleventh Five-Year Plan are self-development and cooperation.

FAW also established five development strategies of its own for this period: innovation in products and skills, increasing exports of cars (as oppose to car parts), developing products with high added value by improving research, overseas expansion and digital management.

By People's Daily Online

TRW Fawer Automobile Safety Systems (TFASS), a joint venture between FAW Group subsidiary Fawer Automotive Parts Co. Ltd. and TRW Automotive Holdings Corp., has announced the establishment of a new plant in Beijing to produce chassis modules for customer Beijing Benz-DaimlerChrysler Automotive Ltd. (BBDC).

The new state-of-the-art 4,500 square meter facility plans to employ up to 100 workers in the next five years to fulfill its annual capacity of module units at full production. Initially, the plant is committed to supplying rear axles, brake assemblies, front struts and steering knuckle assemblies for the Chrysler 300C and another upcoming sedan platform -- both with newly localized production in China.

Fawer Automotive Parts Co. Ltd. is a wholly owned subsidiary of FAW Group. It includes 9 FAW Group automotive component and systems plants and 8 joint venture facilities with foreign companies.

good luck with that. ;)

The"Most Valuable Brand Evaluation China"recently performed an evaluation of brands of FAW Group and announced that "First Automotive" ranked 5th place in year 2006, with net worth of 35.7 billion Yuan (RMB). Value of the "First Automotive" is increased 2 billion Yuan (RMB) over last year. "Jiefang" ranked first place at the heavy duty truck with net worth of 11.4 billion Yuan (RMB). "Hongqi" also ranked the first place at car industry, with net worth of 5.8 billion Yuan (RMB). Brand value of "First Automotive", "Jiefang" and "Hongqi" has been increased for consecutive seven years.

The "Most Valuable Brand Evaluation" is conducted by the Beijing Famous Brand Assets Evaluation Company. This research report, issued annually since 1995, has become an important reference for understanding the development trends of China's enterprises and brands.

How many trucks do they produce annually

and they just established a new line for the new J6 series HCVs.

go faw , check out the features. FYI.

WOW go FAW :D

I think FAW-VW is better than SVW at the moment ;)

26/01/2007
In a recently released report from the China Brand Research Institute listing China's current top 500 most valuable brands, the "FAW" brand of FAW Group Corporation ranked first among automotive manufacturers and fifth overall with a net worth of 17.885 billion Yuan (RMB). China Commercial Bank ranked first overall, and 8 brands from Jilin Province, the home of FAW Group, also earned a place in the top 500. China's top 500 most valuable brands include companies from over 20 different industries, including textiles and clothing, home appliance, electrical equipment, and heavy machinery. Within the ranking, 59 brands from China's textile and clothing industry were listed. The food industry was represented with 44 brands, while the electrical equipment and machinery industries accounted for 41 brands.

May. 15, 2007 (China Knowledge) – FAW Group Corp, one China's largest automakers, said it sold 133,000 vehicles in April, up 17.4% year-on-year, and a new monthly high for the firm. In a statement, the company said sedan sales for the month totaled 98,200 while sales of medium and heavy-duty trucks reached 20,300

Wow, going forward, they may sell 1.5 million vehicles a year?! That's seems high but again, wow...

It's cars AND trucks, including those for commercial use, and includes all divisions of FAW, JV with VW, Toyota, Mazda, etc.

Total auto sales in China was 6, 7? million last year? I'm almost certain FAW accounted for more than 1 million of those.

Sales by state-owned China FAW Group rose 23% in the January to September period to 1.05m units, according to media reports.

BEIJING (XFN-ASIA) - China's FAW Car Co Ltd (SZA 000800), a subsidiary of the country's largest automaker First Automotive Works (FAW) Group Corp, said net profit surged to 358.29 mln yuan in the third quarter, up 56.7 pct year-on-year, mainly due to lower costs.

Operating costs in the third quarter totaled 2.74 bln yuan, down 30.4 pct year-on-year, while operating revenue rose 44.2 pct year-on-year to 3.75 bln yuan.

http://www.forbes.com/afxnewslimited/feeds/afx/2007/10/28/afx4270893.html

FAW posts net profit of $1.67 billion.

December 26, 2007 – The First Automotive Works (FAW), one of China’s Big Three automakers, has posted a net profit of RMB 12.3 billion ($1.67 billion) this year, up 252 percent year-on-year, China state new agency Xinhua reported today.

By December 25, FAW has sold a total amount of 1.43 million vehicles, including all commercial and passenger vehicles, an increase of 23 percent from one year earlier. The Auto Group’s total revenue this year has reached RMB 188 billion ($25.57 B), a growth of 26.5 percent from one year earlier, the report said.

The reduction of production costs have contributed to the growth of net profits, the report said. FAW has cut off RMB 3 billion ($408 million) in production costs this year.

The FAW Group has three major production units in China: Tianjin FAW Xiali Automobile Co, located in Tianjin, has a capacity of 200,000 vehicles, where Charade N3, Charade, Vizi, Vela, Dario Terios and Move are produced.

FAW Haima Automobile Co, located in Hainan province, has a capacity of 150,000 units, where Mazda Pharmacy and Family are produced; and FAW Cars Co, located in Changchun of Jilin province, has a capacity of 120,000 units, where Red Flag, Mazda 6 and Besturn are produced.

FAW-Toyota has two production units in Tianjin. The first plant has a capacity of 120,000 units, producing Corolla and Vios vehicles and the second plant has a capacity of 100,000 units, producing Crown and Reiz vehicles.

The FAW-Toyota joint venture opened a third plant in Tianjin in May with annual capacity of 200,000 units. Its total capacity in Tianjin rose to 420,000 units in 2007.

With the launch of Sagitar, Magotan and C class Audi this year, FAW-VW sold 427,950 vehicles in the first 11 months this year, up 41.2 percent from one year earlier.

source: Gasgoo.com

FAW Group posts 23% growth in sales volume
(Xinhua)
Updated: 2008-01-14 15:14


China First Automotive Works (FAW) Group, one of the country's major auto makers, produced 1.47 million motor vehicles last year and sold 1.44 million, company sources said on Monday.

Sales were 23.2 percent higher than in 2006.

The sales volume included 1.19 million cars, up 23.1 percent, 155,000 heavy-duty and mid-sized trucks, up 26.6 percent, and 77,000 light trucks, up 18.4 percent.

The sources said last year saw FAW Group sell 620,000 motor vehicles under its own brands, up 12.8 percent. This total included 28,800 units exported, up 44 percent, with a value of $387 million, up 100.7 percent.

Auto sales by FAW Group's joint ventures, including one with Germany's Volkswagen and another with Japan's Toyota, grew 32.4 percent to 816,000 vehicles, or 56.8 percent of the group's total annual vehicle sales.

In terms of vehicles with foreign brand names, the group sold 366,000 Volkwagen cars, up 38.7 percent, 92,000 Audi cars, up 19.4 percent, and 287,259 Toyota cars, up 28.2 percent.

http://www.chinadaily.com.cn/bizchina/2008-01/14/content_6392827.htm

FAW Group Corp auto sales up 46.9% in January
(Agencies)
Updated: 2008-02-18 16:27


FAW Group Corp, one of China's largest automakers, said it sold 166,518 vehicles in January, a rise of 46.9 percent year-on-year.

It said sedan sales rose 58.3 percent to 146,294 units while sales of medium and heavy-duty trucks grew 11.6 percent to 11,263.

The automaker said that FAW VW, its 50-50 sedan joint venture with Volkswagen AG, sold 65,709 cars in January, a surge of 104.8 percent from a year earlier.

Tianjin FAW Toyota Motor, its joint venture with Toyota Motor Corp, sold 34,139 cars last year, up 69.8 percent, it added.

http://www.chinadaily.com.cn/bizchina/2008-02/18/content_6463603.htm

In teh beginning of March the delegation of FAW visited Serbian auto manufacturer Zastava-Yugo. Members of the delegation inspected assembly lines and potentials of the factory in the city of Kraguljevac and promised that this visit is only the beginning of the cooperation bertween two companies.
Zastava-Yugo is currently in the hands of serbian government which plans to sell it to highest bidder in the near future. One of other possible candidates for purchase is Italian FIAT. But many other prominent names have been subject of speculations also.
Chinese will also visit Serbian truck manufacturer FAP which is also in the process of privatisation.

source: Auto.blog.co.yu

China's FAW Car 2007 net profit doubles on higher sales.

April 02, 2008 - China's FAW Car Co Ltd (SZA 000800), a subsidiary of the country's largest automaker First Automotive Works (FAW) Group Corp, said its net profit doubled to 552.87 mln yuan in 2007 from 276.53 mln yuan in the previous year on the back of higher sales.

The company said it sold more than 80,000 cars in 2007, up 40 pct from a year earlier, with total revenue up 21.72 pct at 13.62 bln yuan.

Earnings per share stood at 0.34 yuan last year, up from 0.21 in 2006.

It added that it will increase its investment in FAW Finance Co Ltd by 231.39 mln yuan to boost the finance company's total registered capital. FAW Car owns 20.7 pct in the finance company.

FAW Car's board also approved a proposal to invest 575 mln yuan to upgrade a current assembly facility.

source: XFN-ASIA

They just established a new line for the new J6 series HCVs.

China's FAW Car saw losses in own brand sales.

April 9, 2008 - FAW Car Co, a unit of the China's largest automaker First Automotive Works (FAW) Group Corp., said that its two major own brand models, Besturn and Red Flag, lost a total of RMB 200 million ($28.5 million) last year, local news paper Beijing Morning News reported yesterday.

The company announced that its net profit doubled to RMB 552.87 million in 2007 from RMB 276.53 million in the previous year, but this profit was not generated by its own three vehicle brands. Own brand passenger car model Besturn and Red Flag lost RMB 150 million and RMB 50 million respectively in 2007.

Mazda6 is the only profitable model of the automaker, with net profit rising 37.5% from a year earlier to RMB 47.8 million.

In an effort to reverse the slumping of demands for its models, FAW Car Co plans spend RMB 2.1 billion this year in three projects to boost its capacity and competitiveness, and more than 70 percent of the total investment will be injected into developing own brand vehicles.

The company will first invest RMB 821 million in developing a new own-brand car based on its Besturn platform, it said in a filing with Shenzhen Stock Exchange on April 2, cited by Bloomberg news.

It will spend RMB 575 million supporting production of the revamped Mazda6. It aims to build 60,000 revamped Mazda6s by the end of the year, it added.

Construction of the RMB 695 million engine plant, with an annual capacity of 90,000 units, is likely to take 18 months, the Changchun-based carmaker said. This plant will be used to develop self made engines.

source: Gasgoo.com

FAW Group vehicle sales top 444,000 in Q1.

April 15, 2008 - FAW Group Corp, one of the largest Chinese automakers, said yesterday that it sold 179,461 vehicles in March, up 37% year-on-year and 24,461 units more than planned. This brought FAW's vehicle sales in the first quarter to 444,112 units.

The company's sales division said that sedan sales for the month stood at 135,969 units, up 33.7% from a year earlier. Sales of medium- and heavy-duty trucks rose by 58.1% to 30,659 units, with light-duty truck sales up 38.7% at 11,884 units.

In the first three months, FAW Group had auto sales growth of 35.4% year-on-year at 444,112 units -- nearing the sales volume of the first four months of 2007 -- with sedan sales up 36.5% at 368,224 units. Sales of medium- and heavy-duty trucks grew 38.7% to 53,222 units.

FAW VW, its 50-50 sedan joint venture with Volkswagen AG, sold around 144,852 cars in the first quarter, up 48.7% from a year earlier and reaching 26.3% of the sales target of 2008.

FAW Toyota, FAW's joint venture with Toyota, sold 95,000 sedans from January to March, surging by 74.4% year-on-year and finishing 21.8% of the whole year's sales target.

In addition, the sales of vehicles built by FAW's other joint ventures such as FAW Xiali and FAW-Hongta also saw growth in the first quarter.

source:Gasgoo.com

FAW profit more than triples in Q1
By Jin Jing 2008-4-28

FAW Car Co Ltd reported net profit more than tripled in the first quarter this year on strength of sizzling car sales and cost reductions.

FAW Car, the listed unit of the nation's second-biggest car maker, posted net income of 311.76 million yuan (US$45.2 million) from January to March, an increase of 261.08 percent from a year earlier, the car maker said in its statement to the Shenzhen Stock Exchange today.

Changchun, Jilin Province-based FAW Car posted revenue of 4.9 billion yuan, representing a 71 percent increase year on year.

Sales increased 70 percent to 280,000 units, outpacing the 22 percent growth in the overall passenger car market.

A growing economy has made cars more affordable to Chinese customers, prompting car makers to expand capacity and launch new models to tap rising demand.

FAW Car earlier said it would spend 575 million yuan to update assembly lines and add another 60,000 units to production capacity.

The company plans to make use of additional production to make new models including a Mazda 6 wagon and other B-segment models within one-and-a-half years.

FAW Car will also build more Besturn models, which were self designed, at a cost of 821 million yuan through 2009 due to growing demand for homegrown vehicles.

The central government has encouraged the development of the domestic auto industry.

http://www.shanghaidaily.com/sp/article/2008/200804/20080428/article_357512.htm

FAW talks with Ford to buy into Changan Ford Mazda.

May 7, 2008 - FAW Car is in talk with Ford to buy into or acquire the production line of Changan Ford Mazda, an insider close to FAW's top management said recently to the 21st Century Business Herald.

"Ford Motor holds 33% share of Mazda Motor. Ford and FAW have been in close contact," the sources said. Currently the two carmakers have reached an initial agreement, and FAW is applying for the approval from the central government and expect the government's regulatory body to okay this deal.

FAW and Ford's partner Mazda also have a joint venture (JV), and their JV's sales company FAW Mazda Motor Sales Co. has met some discord from Changan Mazda over the sales rights of the Mazda-3 vehicles. The results of contact and talk between FAW and Ford will surely influence the interests of Mazda (China) and Changan Group. The sales profits of Mazda cars in the fast growing Chinese auto market are likely to be more controlled by FAW Mazda if the FAW-Ford deal takes effect.

Mazda Motor has attempted to coordinate the sales relationship between its three joint ventures in mainland China: Hainan Mazda, FAW Mazda, and Changan Mazda, and tried in vain to put all the Mazda sales in China into the network of FAW Mazda Motor Sales Co., but the effort to centralize its control of China's Mazda sales in FAW is still going on, despite an additional objection from Hainan Mazda.

The three Chinese JVs of Mazda produce more than car models of different segments, including sedans, SUVs, and MPVs. But their sales relation remains a big problem for Mazda Motor to solve, and now FAW has to win more control of those JVs by buying into Changan Ford Mazda.

source: Gasgoo.com

Ford, Changan denies report of tie-up with FAW.

May 08, 2008 - Sources said recently that FAW Car and Ford have reached an initial agreement for FAW to buy into Changan Ford Mazda and that FAW is applying for the approval from the central government and expect the government's regulatory body to okay this deal. However, industry insiders of Ford and Changan Group all denied this report yesterday.

FAW has ever cooperated with Changan Ford Mazda. In March, 2006, the Mazda-3 vehicles, produced by Changan Ford Mazda, was sold by FAW Mazda Motor Sales Co.,which is the sole dealership of Ford's partner Mazda. Nevertheless, Mazda production suddenly stopped after selling for less than one month. Soon what came to light was that FAW and Changan Group were involved in quarrelling for sales rights of Mazda products. Finally FAW lost the sales rights in January this year.

"That is absolutely rumor,” said vice president of Ford China. “It is completely absurd and impossible for Ford join hands with FAW to compete with Changan in such a situation." There is no evidence of FAW Car buying into or acquiring the production line of Changan Ford Mazda."

Changan has no intention to cooperate with FAW, said Zhou Qin, director of Public Relations department of Changan Group.

source: Gasgoo.com

FAW Jan-Jul sales up 21% to 978,432 units

August 25, 2008


Shanghai, August 25 (Gasgoo.com) China's auto-making giant FAW Group Corp sold a total of 978,432 vehicles from January to July, increasing 21% year on year (y/y) and completing 56.6% of this year's sales target. Of this total, 108,095 units were sold in July, said xinhuanet.com today.

FAW said that in the first seven months this year the group sold 774,639 sedans, up 23.9% y/y, gaining 22.6% market share, and it also sold 128,113 mid- to heavy-duty trucks, up 27% y/y, gaining 23.3% market share. FAW's total sales of 978,432 vehicles from January to July captured 16.7% market share in China's auto market in that period, up by 0.6 percentage point y/y.

From January to July 2008, FAW-VW sold 304,207 vehicles, leading the sales of sedan makers in China; FAW Toyota sold 229,700 vehicles, up 69.6% from one year earlier. The two joint ventures have been the big contributors to the sales of FAW Group for many years.

http://www.gasgoo.com/auto-news/1007519/FAW-Jan-Jul-sales-up-21-to-978-432-units.html

All listed car-makers but FAW see H1 profit slide

September 02, 2008


Shanghai, September 2 (Gasgoo.com) All the listed auto-making companies in China have released their first-half profit reports. Except FAW Car (000800.SZ), all other automakers have seen a downward slide in their H1 profits and in their profit-making capabilities, said xinhuanet.com today.

"The raw material costs have posed huge pressure to the profit-making capabilities of automakers," said an auto industry analyst. "China's auto-makers endured rising pressure in the first half of 2008, and their mid-term profit rates have decreased considerably." In the first six months, the key automakers made total profits of 43.447 billion yuan ($6.36 billion), down 35.38% over one year earlier.

According to China Association of Automobile Manufacturers, there are three major reasons for the profit downturn: the first is the national macro-economic policy adjustment and the global economic depression, the second is a series of natural disasters including the late-January-early February snowstorms in southern China and the May 12 earthquake in Sichuan province, and the third reason is the huge rise in raw material costs and oil prices.

But FAW Car was an exception to the profit slide. Data released by FAW Car showed that the total profit of the company in the first half of the year reached 688 million yuan ($100.58 mln), up 231% over the same period of last year. The net profit also surged by 206% to 505 million yuan.

FAW said the high profit growth was prompted by its market growth both at home and abroad, improved marketing management and cost reduction. Maybe these methods can serve as textbook examples for other listed companies to follow in their profit pursuit.

http://www.gasgoo.com/auto-news/1007611/All-listed-car-makers-but-FAW-see-H1-profit-slide.html

Toyota to spend 1.5 bln yuan boosting China JV capacity

September 11, 2008


Shanghai, September 11 (Gasgoo.com) While scaling down its global sales goal for 2008 and 2009, Toyota Motor Corp. has increased its sales target over the two years and decided to invest 1.5 billion yuan ($220 million) to boost the capacity in one of its joint ventures in China, said sina.com.cn today.

Because of the shrinking U.S. auto market, Toyota, the largest Japanese carmaker, reduced its 2008 global sales goal to 9.5 million cars from 9.85 million, and decreased the 2009 goal to 9.7 million units from 10.4 million. By contrast, the company planned to sell more cars in China, aiming to sell 700,000 cars in the Chinese market this year and 900,000 cars next year.

To meet the increasing demand in China's auto market, Toyota has recently announced its plans to invest 1.5 billion yuan in the capacity expansion of the second plant of FAW Toyota joint venture in northeastern China to boost the facility's annual output to 150,000 vehicles from the current 100,000 units.

China is one of Toyota's fast growing markets and will be an important force to help the company get over hard times worldwide. With the global economy to continue depressing, Japanese carmakers including Toyota will probably speed up tapping the Chinese market, as part of their global strategies.

In the first half of this year, Toyota Motor sold 284,000 vehicles in China and overtook General Motors (GM) to become the second-largest foreign carmaker (by sales) in China after Volkswagen. In July, Toyota sold 41,000 more cars in China than GM.

http://www.gasgoo.com/auto-news/1007727/Toyota-to-spend-1-5-bln-yuan-boosting-China-JV-capacity.html

FAW Bus to build production base in Changchun


September 23, 2008


Shanghai, September 23 (Gasgoo.com) The FAW Bus Co. Ltd., a bus subsidiary of FAW Group, plans to build a bus manufacturing base in Changchun, headquarters of FAW. Construction of the project will kick off in April 2009 and operation is scheduled for October next year, said xinhuanet.com today.

The techniques for the bus production in this base have been determined. Urban buses with a length of 12 meters or 18 meters will be manufactured in the Changchun facility of FAW Bus. The new manufacturing base will specialize in the production of 8-meter-long bus chassis to compete with the industry rivals in the 6- to 8-meter-long chassis product lineup and become a first-class chassis production base in China.

According to the company's current five-year plan, FAW Bus aims to sell 15,000 complete buses annually by 2013, with 3,000 units of them for export, and to gain a 5.76% market share. The company expects to become the fifth largest bus maker in China.

In addition to its urban buses, the company will also start producing its highway buses in 2009.

http://www.gasgoo.com/auto-news/1007839/FAW-Bus-to-build-production-base-in-Changchun.html

FAW Car estimates Q3 profit fell 5 pct


October 11, 2008
SHANGHAI, Oct 11 (Reuters) - FAW Car Co, a unit of one of China's three largest auto makers, First Automotive Works, estimated on Saturday that its net profit in the July-September quarter fell about 5 percent from a year earlier.

That would mark a major deterioration from the first half of this year, when FAW Car, which makes cars with Mazda Motor Corp, posted a 206 percent rise in net profit.

In the third quarter of last year, the company made a profit of 356.5 million yuan ($52.2 million).

FAW Car did not give a reason for the third-quarter profit drop. But a slowing economy has hit Chinese auto demand hard in recent months; country-wide passenger car sales shrank from a year earlier for a second month in a row in September.

The company is due to report full third-quarter earnings late this month.



http://www.gasgoo.com/auto-news/1007999/FAW-Car-estimates-Q3-profit-fell-5-pct.html

Tianjin FAW launches '09 Weizhi car in Beijing

October 13, 2008
Shanghai, October 13 (Gasgoo.com) Tianjin FAW launched three models of its 2009 Weizhi car in Beijing on October 11. The three models include the Weizhi hatchback elite, sedan elite and sedan flagship editions, which are priced between 56,800 yuan ($8,320) and 68,800 yuan to meet the different demands of customers, said xinhuanet.com today.

Tianjin FAW is a Chinese car company with expertise in making "small cars." The 2009 Weizhi car released this time has featured more personalized designs and has improved a lot in its interior, safety, eco-friendliness, economy, among others. These upgrades make the Weizhi model an economical small car of high price / performance ratio and great energy efficiency.

Sources said that the highlight of the 2009 Weizi car may be that it is equipped with the latest AMT transmission of Fiat Group's Magneti Marelli, a world leader in automotive components.




http://www.gasgoo.com/resource/editor/weizhi.jpg

http://www.gasgoo.com/auto-news/1008016/Tianjin-FAW-launches-09-Weizhi-car-in-Beijing.html

Tianjin FAW to build own-brand car on 9G Corolla platform.

October 15, 2008 - Tianjin FAW said it will produce the company’s first A-level car based on Toyota’s ninth-generation Corolla platform, according to China Business Journal.

It will be the second time for Tianjin FAW to build its own-brand cars by technical transfer from Toyota following the Chinese auto maker introduced Xiali in its early years and built its V-series car -- Vizi, Vela and Vizhi (Weizhi) -- based on the Toyota NBC platform.

Toyota’s ninth-generation Corolla platform has been transferred to Tianjin FAW, which plans to build a relatively high-class own-brand car, according to a top executive from the Chinese carmaker.

He said that the model is a 4.7-meter-long A-level sedan, priced between 80,000 yuan ($11,695) and 90,000 yuan. The model will be put into production around 2010. But he declined to tell the technical transferring fee.

The executive claimed that Tianjin FAW will make its second innovation based on the bought technique, at least in the exterior design of the new model.

source: Gasgoo.com

FAW Group sales up 13.9% in Jan-Sept

October 23, 2008
Oct. 23, 2008 (China Knowledge) - FAW Group Corp, China's largest automotive group, announced that its auto sales amounted to 1.2 million units in the first nine months this year, representing a robust growth of 17.1% year-on-year, according to sources.

Over the Jan.-Sep. period, its sales of sedan and heavy truck rose 17% and 15% from a year earlier to 966,686 units and 142,388 units respectively, while that of light car and compact car totaled 52,969 units and 33,443 units, down 8.4% and 13.3% respectively over the same period of last year.

At the end of September, the group's market share added 0.3 percentage point from a year earlier to 16.6%.

According to data posted by the Chinese automaker, FAW sold 116,000 vehicles in September alone, and its sedan, heavy truck, light car and compact car realized sales of 100,205 units, 8,082 units, 4,432 units and 3,093 units, down 3%, 32%, 38.3% and 38.4% respectively from a year ago.

Sales of FAW-Volkswagen hit 39,361 units in September and rose 10.8% to 382,845 units in the Jan.-Sep. period, which helped maintain its leading status in the country.

Sales of FAW Car reached 10,735 units last month, with 6,093 units of Mazda 6 and 4,546 units of Besturn sold. For the first nine months, FAW sold a total of 90,485 units, up 59.6% from a year earlier.

FAW-Toyota sold 27,251 units in September and a total of 283,464 units in the Jan.-Sep. period, a year-on-year rise of 50.7 %, including 122,749 units of new Corolla.



http://www.gasgoo.com/auto-news/1008130/FAW-Group-sales-up-13-9-in-Jan-Sept.html

Tianjin FAW Xiali kicks off expansion project

October 28, 2008
Shanghai, October 28 (Gasgoo.com) Tianjin FAW Xiali Automotive Co., Ltd, Toyota Motor Co's Chinese partner, yesterday kicked off construction of a new facility with an annual capacity of 150,000 units in its Huali (Tianjin) manufacturing base, local Tianjin Daily reported today.

The new facility's construction, based on the original site of FAW Huali, has a total investment of nearly 1.6 billion yuan ($234.3 billion). The plant is expected to use world-class equipment and technologies to make the X123, V221, A230 series of vehicle models independently developed by FAW Xiali.

When its construction is completed by September 2010, the new Huali plant will have an annual production capacity of 150,000 units and bring FAW Xiali's annual output to 430,000 vehicles by 2012.

FAW Xiali aims to build up a China No. 1 manufacturing base of own-brand economical sedans. The company bought 100% stakes of its neighboring FAW Huali for 300,000 yuan in April this year.

As a key part of Chinese auto giant FAW Group's own-brand strategy, FAW Xiali will have its sales network merged with those of FAW Hongqi and Besturn brands in the near future.

http://www.gasgoo.com/auto-news/1008185/Tianjin-FAW-Xiali-kicks-off-expansion-project.html

Chinese auto giant FAW to look at India's Singur site

November 05, 2008

Kolkata, November 4 -- Marxist West Bengal is now looking to Communist China to salvage the damage it suffered because of the pullout of Tata Motors from Singur.

The state Government will show the abandoned site of the Tata Motors’ Nano project of Singur to First Automobile Works (FAW), a major automobile manufacturing company of China which has agreed to build an automobile manufactutring factory in West Bengal in collaboration with automobile manufacturer Ural India Ltd. FAW which has presence in 19 countries has collaboration with automobile majors as Toyota, Audi, Mazda and Volkswagon to name a few.

On Tuesday, representatives of the company and Ural India Ltd chairman J K Saraf met Chief Minister Buddhadeb Bhattacharjee. “They will be shown places like Kharagpur, Singur and some place in North 24 Parganas district. They may not be taken to Singur this time as the situation there is still volatile. But we will show them that site. They will manufacture minibuses and trucks here,” an official told The Indian Express.

FAW is the first company to be shown the abandoned Nano site after the project was pulled out of Singur following violent agitation by the Trinamool Congress. The official said the joint venture company needed 600 acres for its project. Faw, which has 1.31 lakh employees, has a capacity of 20 lakh vehicles every year.

After the meeting, Saraf said they were quite enthusiastic about the proposed project.

http://www.gasgoo.com/auto-news/1008259/Chinese-auto-giant-FAW-to-look-at-India-s-Singur-site.html

FAW group checks out three sites for JV in India

From:hindu.com

November 07, 2008

KOLKATA: First Automobile Works (FAW) Group of China is taking forward its tentative plan of investing in an automotive venture in (India's) West Bengal and has checked out three sites, including Singur. The other two locations were Haldia and Kharagpur.

"These were preliminary visits and they will now conduct their technical studies," J. K. Saraf, Chairman of Ural India, told The Hindu.

Mr. Saraf, whose company hopes to partner FAW in this venture, said that an investment of about Rs. 1,500 crore (or about $313.4 million) would be required for the project which envisaged production of one lakh cars. Ural India had already signed an agreement with FAW for setting up an auto unit here. A small car with a Rs. 1.60-lakh ($3,342) price tag is now being discussed. Mr. Saraf along with officials of the State’s apex industry promotion agency had accompanied the FAW team. The Chinese team left on Thursday.

An official who was with the delegation said that although it was decided to put off the Singur trip, West Bengal government officials were keen to wrap up things.

"They were very keen that the Chinese team make the visit on Wednesday," a source said.

FAW is the biggest automobile makers in china woooottttt good job!

Chinese auto giant FAW reports record sales in '08

2009-01-15

CHANGCHUN -- China's major automaker First Automobile Works (FAW) Group said Thursday its sales volume and revenue both reached record highs in 2008.

The automaker said it sold more than 1.53 million vehicles last year, a 6.75 percent increase from 2007.

Sales revenue totaled a record high of 218.4 billion yuan (about US$32.12 billion), up 8.8 percent from the previous year.

Headquartered in Changchun, capital of northeast China's Jilin Province, FAW was founded in 1953. It now has 28 wholly owned subsidiaries and controlling interest in 18 partially-owned subsidiaries, according to a document posted on the company's website.

They include: FAW Jiefang Truck Co. Ltd.; FAW Bus and Coach Co. Ltd.; FAW Car Co. Ltd.; Tianjin FAW Xiali Automobile Co.Ltd.; Changchun FAW Sihuan Automobile Co. Ltd.; FAW-Volkswagen Automobile Co. Ltd.; and Tianjin FAW Toyota motor Co. Ltd..

FAW-Volkswagen Automobile Co. Ltd, a Sino-German sedan car maker, ranked first in the country for selling 499,000 cars last year.

Nationwide, Chinese automakers sold 9.38 million vehicles last year, posting a 6.7 percent rise in sales compared with the previous year. However, the increase was the lowest in 10 years, the China Association of Automobile Manufacturers (CAAM) said Monday.

The growth rate was 21.84 percent in 2007.

CAAM figures included auto exports, but did not cover sales of imported cars on the domestic market.

The country's automakers rolled out a total of 9.34 million vehicles last year, up 5.21 percent from 2007.

http://www.chinadaily.com.cn/china/2009-01/15/content_7401120.htm

FAW Group to raise R&D spending by 61% in '09

February 19, 2009

China auto giant FAW Group will increase its spending for research and development (R&D) by 61.45% to 4.23 billion yuan ($619 million) this year despite the financial crisis, xinhuanet.com reported today, citing FAW's president.

FAW Group president Xu Jianyi said that it will use the economic crisis "as an opportunity for structural adjustment and innovation" and will focus on the development of energy-saving and environment-friendly vehicles this year, as well as vehicles for China's vast rural areas.

In 2008, FAW spent 2.63 billion yuan in its R&D projects. The automaker sold more than 1.53 million motor vehicles last year, up 6.75% year-on-year, compared with the 23.2% growth of 2007. Its sales revenue for 2008 hit a record 218.4 billion yuan, up 8.8%. Its subsidiary FAW VW sold 499,000 sedans in 2008, atop China's sedan sales rankings of the year.

In its effort to develop low-emission clean vehicles of its own brands, FAW Group will focus on the R&D projects of several new models this year, including the luxury, high-end, medium-size and small-size models of its four platforms. The Jiefang truck platforms will be integrated and upgraded as well.

FAW's bus company is also developing the alternative-energy 12-meter-long buses for urban public transportation and long-distance passenger transportation. The rural areas will be another huge market for auto giant’s clean vehicles for farming and transportation.

FAW Group will launch several of its self-developed new vehicle models in 2009, such as the Besturn B50 and Hongqi HQE sedans, Xiali X121 and X123 economical sedans, L501 light vehicle, V70 and V90 mini-cars, and 12-meter-long buses.

http://www.gasgoo.com/auto-news/1009411/FAW-Group-to-raise-R-D-spending-by-61-in-09.html

FAW cars to carry new logo design

FAW Group's own made Besturn B70 sedan, which hit the market yesterday, noticeably does not carry the manufacturer's '1' badge, but rather its new eagle logo. When asked about the issue, sources within FAW confirmed that with the B70, it will be exclusively using the new logo on all models, with the exception of its Hongqi luxury cars.

The news represents a dramatic shift for FAW's brand strategy, which was previously split between many names, including the Tianjin FAW Xiali N3 and others. Now all brands will be unified under one badge. Sources went on to say that the brand would distinguish between its passenger and commercial vehicles by fitting different types with variants of the eagle badge.

http://autonews.gasgoo.com/china-news/faw-cars-to-carry-new-logo-design-110520.shtml