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China FAW Group Corporation, commonly referred to as FAW due to its original name of First Automotive Works, broke ground for its first factory on July 15, 1953. Since then, FAW has been at the forefront of promoting China¡¯s automobile industry. Although FAW began life solely as a truck producer, it later expanded into the light-duty truck and car sector. In 1991, working in partnership with Volkswagen AG, FAW created a new state-of-the-art production facility with a yearly production capacity in excess of 150,000 units. In 2002, Tianjin Automobile Industry (Group) Corporation was merged into First Automobile Group, and began joint venture production with Toyota Motor Corporation. At present, FAW¡¯s current production strategies put a heavier emphasis on the production of cars while maintaining our dominant position in the truck industry.
FAW has 27 wholly owned subsidiaries and controlling interest in 20 partially owned subsidiaries. Among these are FAW Jiefang Automobile Co., Ltd. and FAWER Automobile Parts Co., Ltd, which are wholly owned subsidiaries;Faw Car Co., Ltd. ,Tianjin FAW Xiali Automobile Co., Ltd. and Changchun FAW Sihuan Automobile Co., Ltd., whose shares are traded on the stock exchange, and FAW Volkswagen Automobile Co., Ltd. and Tianjin FAW Toyota Motor Co., Ltd., and etc which are Sino-foreign joint ventures. FAW¡¯s production bases are evenly distributed in Northeastern China, Northern China and East of Shangdong Province ,and Southwestern China. FAW also has an advanced technology center for the research and development of new products, technology, and materials in China. The company¡¯s total assets are valued at 102.4 billion Yuan (US $ 12.4 billion) with over 132,400 employees.
FAW has expanded its product line into 6 different categories of vehicles including light, medium, and heavy-duty trucks, cars, buses, and mini-vehicles with total sales in excess of 7 million vehicles. FAW has been able to maintain its leading domestic market position while expanding into new international markets, executing a carefully planned strategy to build a comprehensive global organization.
In order to work towards our dream to ¡°let every Chinese family own a car,¡± we hold to our core value of ¡°first automobile, first partner¡± and our management concept of ¡°custom first¡±. Currently, FAW employees are diligently working to build a new FAW, whose target is to be managed digitally, to became an auto-industry group with a capacity of one million units, and competent in the international market.

http://www.faw.com/webcontent/aboutfaw.jsp?pros=profile.htm&phight=808&about=Profile
 

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New chief in FAW.

December 29– Chinese authorities have appointed a new general manager named Xu Jiangong for First Automobile Works, the company announced on Wednesday.

The new leader, 54, had worked many years for FAW and served as deputy general before entering politics in 2003. He was Communist party boss for the city of Jilin before chosen as general manager for FAW.

Xu’s predecessor, Zhu Yanfeng, has assumed the office of lieutenant governor of northeast China's Jilin Province after 24 years working for FAW.

Zhu became general manager of FAW in 1999. During his tenure, FAW acquired Tianjin Xiali Auto Company and set up several joint ventures with global auto giants such as VW, Toyota and Mazda.
source: Gasgoo.com
 

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An Introduction to FAW Group

As the founder of China’s automobile industry, FAW Group Corporation (FAW) has maintained a dominant position in the automotive industry since its founding in 1953 in terms of its total assets, production capacity, domestic and international sales, market share, and brand recognition. The company is the largest and most influential in China’s automotive industry and an evolving global player.

Over the past 50 years, FAW Group has become one of the world’s largest vehicle producers. The company’s line-up of passenger cars, ranging from affordable compacts to luxury performance sedans, also includes MPVs, SUVs and versatile mini vehicles. Renowned in the commercial market for its outstanding light, medium, and heavy trucks, FAW Group is also a leader in the bus, coach, and bus chassis industry. The company has delivered 9.2 million vehicles since its inception and ranks within the Fortune Global 500.

Since entering the international market in 1984, FAW Group has exported over 100,000 complete vehicles (CBUs) and CKD/SKD vehicle kits to more than 70 countries around the world. Supporting the company’s rapidly expanding international sales network, FAW Group has established modern overseas production facilities in Pakistan, South Africa, Tanzania, Ukraine and Vietnam.

FAW Group’s proprietary vehicle brands include:

Jiefang Brand Medium and Heavy Trucks

Available as tractors or rigids (with or without body), including 4x2, 6x2, 6x4 and 8x4 models with dual steer axle, pusher axle and tag axle configurations. Vocational models are available for construction (dump, mixer, concrete pumping, ect.), refuse, utility, and other applications requiring superior maneuverability, brute strength, maximum payloads and solid dependability.

Truck Range:

• J6 Premium Long-Distance Heavy Tractors, Rigids and Vocational Trucks
• J5P “Aowei” Series Heavy Tractors, Rigids and Vocational Trucks
• J5M “Hanwei” Series Regional Heavy Tractors, Rigids and Vocational Trucks
• J5R Conventional Cab Regional Heavy Tractors
• J5K “Junwei” Series Medium-Duty Rigids
• J4/FM Medium-Duty Tractors, Rigids and Vocational Trucks
• J4/FK Medium-Duty Rigids and Vocational Trucks
• J4 Conventional Medium-Duty Tractors, Rigids and Vocational Trucks


Jiefang Brand Light Trucks

Available in standard, extended and crew type low-cab-forward models with a variety of wheelbases and drivetrain configurations to suit any requirement.

Truck Range:

• CA1020 Series 1 Ton
• CA1030 Series 1.5 Ton
• CA1040 Series 2 Ton
• CA1040A Series 2.5 Ton
• CA1050 Series 3 Ton
• CA1060 Series 3.5 Ton


FAW Bus & Coach

A comprehensive range of diesel, natural gas and hybrid-powered bus platforms including low floor/low step height municipal transit buses, profitable and efficient intercity buses, and attractive luxury tourist coaches emphasizing comfort and safety.

• Custom Bus and Coach Chassis
• Medium Buses
• Municipal Transit Buses including BRT (Bus Rapid Transit) configurations
• Intercity Buses
• Luxury Tourist Coaches


Besturn Brand Performance Luxury Sedans

• C301 Performance Luxury Sedan


FAW Haima Brand Passenger Cars

• Family II Sedan
• Freema MPV
• Haima 3


Hongqi Brand Luxury Sedans

• HQ3 Premium Luxury Sedan
• Century Star Luxury Sedan
• Mingshi Sedan


Xiali Brand Compact Passenger Cars

• Xiali A+ Compact Sedan and Hatchback
• Xiali C1 Hatchback and C3 Compact Sedan
• Xiali N3 Compact Sedan and Hatchback
• Xiali Vela Compact Sedan
• Xiali Vizi Compact Hatchback


Jiaxing Brand Compact MPVs

FAW Group’s popular “Jiaxing” MPVs offer a large and comfortable interior with outstanding headroom and visibility through innovative styling and design. This versatile compact MPV’s affordability, fuel economy and spirited performance make it an outstanding value.


Freewind Brand MPVs

The company’s Freewind full-size MPVs offer seating options for up to 11 passengers, with a sophisticated and aerodynamic body shape that has world class fit and finish. Dual sliding side doors add to the Freewind’s versatility, as does the car’s wide-body design featuring an over-size rear lift-up tailgate.


Jiabao Brand Mini Vehicles

A diverse range of versatile and economical mini vehicles for both consumer and commercial use, including passenger vans, commercial delivery vans, pickups, and cab and chassis models that incorporate the latest in refinements and technologies.

• CA6300 Series Passenger Vans
• CA5000 Series Commercial Vans
• CA1000 Series Standard, Extended and Crew Cab Pickups; and Cab and Chassis

Over the past 20 years, FAW Group has established Sino-foreign joint ventures and technical licensing agreements with some of the world’s leading automakers and suppliers including ArvinMeritor, Bharat Forge, Daihatsu, Denso, Deutz AG, Eaton, Johnson Controls, Koyo, Mazda, ThyssenKrupp, Tokico, Toyota, TRW, Valeo, Volkswagen AG, Zexel, and ZF Friedrichshafen AG.


FAW Group’s joint venture vehicle brands include:

FAW-Volkswagen Automobile Co. Ltd.

Volkswagen Range

• Bora (IV) Sedan
• Bora HS Hatchback
• Caddy MPV
• Golf (IV) Hatchback
• Jetta Sedan
• Magotan Premium Luxury Sedan (European Passat)
• Sagitar Performance Luxury Sedan (European Jetta)

Audi Range

• Audi A4
• Audi A6L (extended wheelbase – built exclusively by FAW-Volkswagen )
• Audi A8L
• Audi Q7
• Audi TT

Tianjin FAW Toyota Motor Co. Ltd. (TFTM)

• Crown Premium Luxury Sedan
• Reiz (Mark X) Performance Luxury Sedan
• Corolla Sedan (10th generation)
• Corolla Sedan (9th generation - taxi version)
• Vios Compact Sedan

Sichuan FAW Toyota Motor Co. Ltd. (SFTM)

• Land Cruiser Prado SUV
• Coaster Medium Bus

SFTM Changchun Fengyue Co. Ltd. (a division of SFTM)

• Land Cruiser 100 Luxury SUV
• Prius Hybrid Sedan

FAW Mazda Motor Sales Co. Ltd. (FMSC)

• Mazda6 Sedan
• Mazda6 Sports Sedan
• Mazda6 Sport Wagon

FAW Daihatsu (Jilin) Body Parts Co. Ltd. (FDJB)

• Daihatsu Xenia MPV


FAW Group has also established itself as a global OEM parts supplier of modules and components to the world’s leading names, including Ford, Hyundai, Toyota, and Volkswagen AG. Utilizing the latest in machinery and production methods, the company’s quality management standards are ISO/TS16949 certified.

FAW Group has 30 wholly owned subsidiaries and controlling interest in 18 partially owned subsidiaries. Among these are wholly owned subsidiaries FAW Jiefang Truck Company and Fawer Automotive Parts Company. Publicly traded units on the Shenzhen and Shanghai stock exchanges include FAW Car Company, Tianjin FAW Xiali Automobile Company, and FAW Sihuan Automotive Company.

FAW’s production bases are located in northeast China’s Jilin, Liaoning and Heilongjiang provinces, east China’s Shandong province and Tianjin municipality, south China’s Guangxi and Hainan provinces, and southwest China’s Sichuan and Yunnan provinces.

The company’s state-of-the-art government-certified engineering development and test center, China’s largest and most extensive automotive R&D facility, is the country’s leader in automobile and commercial vehicle research. It stands alone in China in possessing both cold and semi-tropical weather vehicle testing facilities.

FAW Group’s total assets are currently valued at US$15.1 billion. The company employs 134,000 people around the world.

FAW Group ranked 385 on Fortune magazine's 2007 Fortune Global 500, leaping ahead after placing 470 in 2006. The company also ranked number one again amongst China’s top 500 manufacturers for 2007. Sales revenues reached $18.7 billion with profits of $70 million.

At the beginning of this century, FAW Group set forth new corporate development targets designed to enhance the company’s evolution of development. Engaging in a strategic transformation, utilizing the latest information technologies available, FAW Group has become a globally-oriented automotive group with annual sales in excess of one million vehicles. By forging a dynamic new path built on FAW’s solid foundation of experience, the company has achieved its goals with a strategically focused long-term plan that promotes economies of scale and global development. With corporate mechanisms focused on the constantly evolving needs and demands of the global market, both present and future, FAW has assured its long-term success around the globe.

Following this strategy, FAW Group has expanded its organizational structure and global operations while cultivating its outstanding employees. In addition to its mainstream CBU/CKD/SKD vehicle and parts sales, the company has become active in technical transfer agreements and automotive manufacturing consulting services, further promoting FAW Group’s world class capabilities.

As FAW Group pushes forward with a comprehensive sales network and brand development system in both existing and emerging markets, the company continues to benefit from its diverse range of products, taking full advantage of FAW’s rich R&D capabilities to offer market-focused products that meet and exceed our customer’s demands around the world.

Thank you for your interest in FAW Group.
 

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Hi FAW Jiefang,
Could you tell us something about the Hongta Auto and Baolong Auto subsidiaries and their products?
Also would be interested to know where the little Jiaxing or Jinn, aka Happy Messenger or Happy Envoy, is being produced currently.
Thanks.
 

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FAW, FAW Xiali, Huali, Toyota, and Byton (group restructuring)

Tianjin FAW Xiali Automobile Co., Ltd. (FAW Xiali) is currently planning to sell the residual 15% stake it owns in Tianjin FAW Toyota Motor Co., Ltd. (TFTM) to its parent, China First Automobile Co., Ltd. (FAW)

Background:

At the time of the restructuring of Tianjin Auto Group in 2002, China FAW Group Corporation (FAW Group) received a controlling stake of 50.98% in Xiali. At the same time, Xiali also offered 20% out of its 50% stake in the joint venture with Toyota to FAW Group. FAW Xiali thus retained 30% and Toyota Motor Corporation kept 50% as before.

In 2011, FAW Group created an investment holding company, China First Automobile Co., Ltd. (see above) and transferred its stake in FAW Xiali (which stood at 47.73% then) to this new entity.

In 2015-2016, in order to raise some cash, FAW Xiali sold an engine-making unit and 15% out of its 30% stake in TFTM to FAW. Subsequent to this, FAW Xiali was left with 15% (30%-15%), FAW held 35% (20%+15%), and Toyota held 50%. At the present time, again, in order to survive in the industry, FAW Xiali is offering this last bit (15%) to FAW. If this transaction goes through, FAW will end up with a 50% stake in TFTM, and FAW Xiali will be out of this JV.

Of note, FAW Xiali is a listed company, and the second largest shareholder in FAW Xiali is the BENEFO Group with a 19.46% stake. BENEFO (Baili Machinery Equipment) Group is the successor to the erstwhile Tianjin Auto Group and we already know it as the owner of Tianqi Meiya Auto.

------------------------

Other related events:

1. In September 2018, FAW Xiali announced the sale of 100% of its stake in Tianjin FAW Huali Automobile Co., Ltd. [a.k.a. FAW Huali (Tianjin)] to Nanjing Zhixing Electric Vehicle Co., Ltd., a third-level stepdown subsidiary of Nanjing-based (Hong Kong-incorporated) EV startup Byton Limited, for 1 yuan. We had already heard about an impending sale of Huali assets, including production license, to any buyer willing to assume the obligations and debts of Huali. Byton ended up being that buyer.

2. In 2017, FAW had intended to sell 24.73% (out of 47.73%) of its stake in FAW Xiali to any strategic investor; however, no buyer turned up within the three-month period of open offer.

3. In April 2018, FAW Group reportedly invested around $260 million in Byton, when the latter had raised $500 million in Series-B round of funding.
 

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FAW is a huge state-owned conglomerate, with more subsidiaries than we can count. So the FAW name and brand won't go away in China any time soon, but for global market aspirations, "FAW Car" division wants a more timely and attractive name, to project a future-oriented image.
Although "tune" has become popular with auto and motorsports enthusiasts, I'm not sure the people will easily make the connection for a product that is not music- oriented. We have to wait and see.

Remember BAIC did something similar when it introduced the "Senova" brand to its new Saab based product line....as did GAC when it launched the "Trumpchi" brand.
Chery and Geely made a move to create each one's own catchy sounding brand names, but they launched so many that it led to confusion and they had to pull back.

Whatever company it is, I strongly believe that its as important to bring in native English speakers for creating name brands, as it is to bring in recognized body design specialists, like Geely's Peter Horbury of Volvo fame.
 

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FAW asset swap

An intra-group asset swap has been approved by SASAC.

FAW Car Co., Ltd., which produces Besturn/Bestune and Mazda cars*, has proposed an asset swap plan according to which it will acquire commercial vehicle manufacturer FAW Jiefang Automotive Co., Ltd. in exchange for its car-making assets.

FAW Car Co., Ltd., a listed company now 53% owned by China First Automobile Co., Ltd. (FAW Group's investment arm), had set up a new subsidiary in June 2019 called FAW Benteng Car Co., Ltd. FAW Car Co., Ltd. will transfer almost all its assets, except a finance co., an insurance co., and some unspecified "retained assets", to FAW Benteng Car Co., Ltd. It will then acquire the entire 100% equity, assets and liabilities of FAW Jiefang Automotive Co., Ltd. from China First Automobile Co., Ltd. and transform itself into a pure commercial vehicle player. Its 100% shareholding in FAW Benteng Car Co., Ltd. will thereafter be transferred to China First Automobile Co., Ltd.

This transaction will allow FAW Group to unlock the enterprise value of FAW Jiefang as the same will be reflected in the stock price of FAW Car Co., Ltd., since FAW Jiefang will become FAW Car's 100% subsidiary.

FAW Jiefang is a much larger corporation than the current FAW Car. FAW Jiefang's equity has been valued at 27.009 bn RMB, whereas the current FAW Car is estimated to be worth 5.088 bn RMB. The difference in value will be made up by issuance of 19.9 bn RMB worth of new shares of the transformed FAW Car and the rest in cash. By taking in FAW Jiefang, FAW Car's liabilities will also increase about five-fold.

http://stock.jrj.com.cn/2019/09/10165228116769.shtml
https://www.autohome.com.cn/news/201909/947090.html

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*FAW Car Co., Ltd. transferred its Hongqi-related assets to China First Automobile Co., Ltd. in 2017.
 

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Baoya acquires FAW Jilin

FAW Jilin Automobile Co., Ltd., which operates two plants in Jilin City, Jilin Province, and is known for making Senia SUVs, Jiabao vans and some Jiefang minitrucks, has been acquired by well-known LSEV-maker Shandong Baoya New Energy Automobile Co., Ltd.

Baoya is based in Jinan, Shandong, and has factories in Jinan, Dezhou, Bijie, and Xiangyang; it makes low-speed electric vehicles under Baoya and Yazhi brands. For the group's lineage, see this page.

Baoya has acquired 70.5% of FAW Jilin Auto for 1.5 billion RMB.

https://www.autohome.com.cn/news/201912/958726.html
https://finance.sina.com.cn/chanjing/gsnews/2019-12-26/doc-iihnzhfz8493248.shtml
 

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The "see this page" website was not available : www.baoya-ev.com
However the following website is still active:
http://www.byvehicle.com/
Doesn't matter as the Qichacha page itself is sufficient, as a starting point, to trace the company's parentage (ownership chain) and subsidiaries.

Didn't Baoya also acquire Loncin, the motorcycle maker?
No. The parent groups of Baoya and Loncin are unrelated. Loncin did acquire 51% of Lichi in 2015, though.
Baoya is related to Flybo.
 
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