Is FAW a Domestic or Joint Venture Brand?

[DiDaniel]

FAW Bestune is a domestic car brand, not a joint venture. Definition of Joint Venture Cars: Joint venture cars are projects jointly established by Chinese and foreign investors. The Chinese side contributes by providing land and factory usage rights, as well as capital, while the foreign investors provide the brand, technology, capital, talent, etc. Joint venture cars are the result of collaboration. Foreign parties provide technology, talent, and brand for assembly within China, but the core technology remains under foreign control. Reasons for the High Cost of Joint Venture Cars: China's production capacity and intellectual property are insufficient, leading to low dependency on cooperation with foreign automakers. Core technologies such as car engines and transmissions rely on imports, which results in higher prices for joint venture cars.