What are the differences between SAIC and FAW?

[HaydenMarie]

The differences between SAIC and FAW include different backgrounds, different vehicle models, different sources of cars sold, and different founding times. Different backgrounds: FAW is an automobile production enterprise jointly established by the First Automobile Group Corporation and Volkswagen Group of Germany. Although SAIC Volkswagen is also a joint venture between SAIC and Volkswagen Group of Germany, the shares held by the two are different. FAW holds 60% of the shares, while Volkswagen Group of Germany holds 40%; SAIC and Volkswagen Group of Germany hold equal shares. Different vehicle models: The car brands produced by FAW include Audi, Sagitar, Golf, Jetta, etc. The car brands produced by SAIC include Lynk & Co, Touran, Santana, POLO, Skoda, Roewe, etc. Different sources of cars sold: FAW mainly introduces German cars, while SAIC mainly focuses on independent research and development. Different founding times: The predecessor of FAW Group was the First Automobile Works established in 1953, which is the earliest automobile manufacturing company in China; the predecessor of SAIC Group was the Shanghai Automobile Manufacturing Factory officially established in 1955.