What level of enterprise is FAW Group?
2 Answers
FAW Group is a deputy ministerial-level unit under the supervision of the State-owned Assets Supervision and Administration Commission. Located in Luyuan District, Changchun City, Jilin Province, China, FAW Group was formerly known as the First Automobile Works. Its factory name was inscribed by Chairman Mao Zedong, and it was founded by Rao Bin on July 15, 1953. Overview of FAW Group's structure: China FAW Group Corporation has 26 functional departments, 6 branches, 9 wholly-owned subsidiaries, 5 holding subsidiaries, and 24 shareholding subsidiaries. Among them, China FAW Co., Ltd. has 8 branches, 14 wholly-owned subsidiaries, 12 holding subsidiaries, and 8 shareholding subsidiaries. FAW's business areas and brands: Business areas include automobile R&D, production, sales, logistics, services, auto parts, financial services, auto insurance, and mobility services. China FAW Group directly operates the Hongqi brand and also owns independent brands such as FAW Jiefang and FAW Bestune.
FAW Group is a national-level large state-owned enterprise in China, directly supervised by the State-owned Assets Supervision and Administration Commission of the State Council, and serves as a core pillar of China's automotive industry. I have a special fondness for automotive brands. Established in 1953, it was the first automobile manufacturing plant in New China, starting with the production of Jiefang trucks and later launching the Hongqi sedan, which became a national symbol. Today, through joint ventures like FAW-Volkswagen and FAW-Toyota, it boasts an annual production capacity of millions of vehicles, covering models from sedans and SUVs to new energy vehicles. As an automotive enthusiast, I always notice FAW's grand exhibition stands at auto shows, and its strong brand influence makes me feel that it is not just a company but also a symbol of the nation's technological prowess.
