Recalling our discussion that took place a few posts (and few years) ago, I looked up the current corporate profile of FAW Hongta Yunnan Automobile Manufacturing Co., Ltd.
As of today, the company is largely owned by FAW Light Commercial Vehicle Co., Ltd. (35%), China Great Wall Asset Management Co., Ltd., a state-owned AMC (31.2%), Yunnan Hehe (Group) Co., Ltd (31.2%). There are two other small shareholders.
FAW Light Commercial Vehicle Co., Ltd. is fully owned by China First Automobile Co., Ltd. China First Automobile Co., Ltd. replaced China FAW Group Corp. as JV partner in January 2012. General Motors (China) Investment Co. , Ltd. exited this joint venture in October 2019, at which time FAW-GM Light Commercial Vehicle Co., Ltd. was renamed FAW Light Commercial Vehicle Co., Ltd.
Yunnan Hongta Group Co., Ltd. was replaced by Yunnan Hehe (Group) Co., Ltd. as shareholder in July 2016. Yunnan Hehe (Group) Co., Ltd. is a company established by China Tobacco Yunnan Industrial Co., Ltd. and two of its subsidiaries. China Tobacco Yunnan Industrial Co., Ltd. is itself owned by China Tobacco, a national monopoly SOE.
FAW-GM Hongta Yunnan Automobile Manufacturing Co., Ltd. was renamed as FAW Hongta Yunnan Automobile Manufacturing Co., Ltd. in November 2016.
Yunnan Light Vehicle Group Co., Ltd., owned by the Yunnan Provincial Economic Commission, exited FAW Hongta Yunnan in January 2018.
FAW Harbin Light Vehicle Co., Ltd., fully owned by FAW Light Commercial Vehicle Co., Ltd., is a sister company of FAW Hongta Yunnan.