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February 13, 2016 2:48 AM ET

Automobiles

Company Overview of China FAW Group Corporation

Company Overview

China FAW Group Corporation manufactures and sells vehicles. Its products include passenger cars; light, medium, and heavy trucks; coach chassis; municipal transit and intercity, CNG urban, urban, and school buses; luxury tourist coaches; mini vehicles; engines; transmissions; axles; and components. The company serves customers in China and internationally. It has a strategic partnership agreement with China National Petroleum Corporation. China FAW Group Corporation was formerly known as First Automotive Works. The company was founded in 1953 and is based in Changchun, China.

No. 3025, Dongfeng Street

Changchun,  130011

China

Founded in 1953

Phone:

86 431 8765 5827

Fax:

86 431 8573 0707

Key Executives for China FAW Group Corporation

Chairman and President
Age: 51
Chief Accountant, Vice President and Member of CPC Standing Committee
Age: 58
Vice President
Age: 61
Vice President, Deputy General Manager and Member of CPC Standing Committee
Age: 55
Vice President and Member of CPC Standing Committee
Age: 59
Compensation as of Fiscal Year 2015.

China FAW Group Corporation Key Developments

China National Petroleum Corporation and FAW Group Sign Strategic Partnership Agreement

China National Petroleum Corporation and FAW Group sign a strategic partnership agreement which will jointly explore cooperation in Internet cars and new energy cars. The two sides will strengthen new energy car research and development and promotions, covering piloting charging in gas stations. The two will set up a joint lab to cement research and development of lubricant products.

FAW Group Reports Sales Results for the Month of August 2015

FAW Group reported sales results for the month of August 2015. For the period, the company reported sales volume of 193,700 units.

China Faw Group Corporation Plans to Invest CNY 1.1 Billion in Improving Hongqi H7

China FAW Group Corporation plans to invest CNY 1.1 billion (USD 173.7 million) to improve the technology underpinnings for its product, the Hongqi H7 midsize luxury sedan. The Hongqi H7 offers a choice of three engines: a 1.8-litre turbo, 2.0-litre naturally aspirated or 3.0-litre naturally aspirated. FAW will redo the interiors and exteriors of the Hongqi H7. The company also plans to introduce a 7-speed dual-clutch transmission, which will replace the current 6-speed automatic. FAW expects to complete the improvements in 26 months.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 7, 2015
Tianjin FAW, Internal-Combustion Engine And Transmission Branch And Product Development Center
 

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