What is the difference between FAW and SAIC?
1 Answers
FAW is China FAW Group Corporation, a central enterprise headquartered in Changchun, Jilin Province. SAIC is Shanghai Automotive Industry Corporation, headquartered in Shanghai and the largest automotive listed company in China's A-share market. Introduction to China FAW: China FAW is located in Luyuan District, Changchun City, Jilin Province. Its predecessor was the First Automobile Works, officially established on July 15, 1953, in Changchun, Jilin Province. It is a central enterprise. Main vehicle production: SAIC was established in Shanghai. The company mainly produces passenger cars, commercial vehicles, and automotive components, including engines, transmissions, bearings, chassis, interiors, and vehicle electronics.