What is Huayu Auto?
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Shanghai Bashi Industrial (Group) Co., Ltd. was established in September 1992 with approval, jointly initiated by 14 units including the former Shanghai Public Transport Corporation. The company's stock was listed on the Shanghai Stock Exchange on August 26, 1996. On May 22, 2009, the company name was changed from "Shanghai Bashi Industrial (Group) Co., Ltd." to "Huayu Automotive Systems Co., Ltd." The company's securities abbreviation was changed from "Bashi Shares" to "Huayu Auto" starting from June 5, 2009. Information about joint venture vehicles is as follows: 1. Introduction: A project jointly established by Chinese and foreign investors. The Chinese side contributes by providing land and factory usage rights, and capital; foreign investors contribute brands, technology, capital, talent, etc. Joint venture vehicles are the products of such collaborations. Foreign parties provide technology, talent, brands, etc., for assembly in China, but core technology remains controlled by foreign entities. 2. Joint venture brands under the FAW Group include: FAW-Volkswagen, FAW-Audi, FAW-Mazda (all produced in Changchun, Jilin), and FAW-Toyota (produced in Changchun, Jilin; Tianjin; and Chengdu, Sichuan).