July 13, 2014 3:09 AM ET

Automobiles

Company Overview of China FAW Group Corporation

Company Overview

China FAW Group Corporation, a state owned enterprise, develops and manufactures vehicles. The company’s products include passenger cars; light, medium, and heavy trucks; coach chassis; municipal transit and intercity buses; luxury tourist coaches; mini vehicles; engines; commercial trucks; SUVs and pickups; transmissions; axles; and components and parts. It offers its products through a network of dealers in China and internationally. The company was formerly known as First Automotive Works. China FAW Group Corporation was founded in 1953 and is based in Changchun, China with branches/representative offices/dealers in China, Algeria, Chile, Cameroon, D.P.R. Korea, Ethiopia, Egypt, Germany, ...

No.2259 Dongfeng Street

Changchun,  130011

China

Founded in 1953

Phone:

86 43 1859 0071 5

Fax:

86 43 1857 3070 7

Key Executives for China FAW Group Corporation

President and Chairman
Age: 50
Chief Financial Officer
Chief Accountant and Vice President
Age: 57
Vice President and Deputy General Manager
Age: 60
Vice President and Deputy General Manager
Age: 54
Compensation as of Fiscal Year 2014.

China FAW Group Corporation Key Developments

FAW Group Opens New South African Truck Plant

FAW Group is set to inaugurate a new truck manufacturing plant at the Coega Industrial Development Zone outside Port Elizabeth, South Africa. During the first phase, the ZAR 600 million (USD 56 million) plant will produce 5,000 heavy commercial vehicles at full capacity and create approximately 450 jobs, excluding those at the supplier base. The plant is yet another indication of how Chinese automakers are focused on expanding their footprint in Africa. Chery, Lifan, and Brilliance, among others, have all set up plants in Africa. The new plant, which was originally announced by FAW in March 2012, was expected to have been completed by the first quarter of 2014. The plant - FAW's second in Africa, following the one in Ethiopia that was opened in 2012 - provides the Chinese automaker with a much-needed manufacturing base in South Africa, which can be used to cater to commercial vehicle demand elsewhere in the continent.

FAW Group Reports Sales Results for the First Quarter of 2014

FAW Group reported sales results for the first quarter of 2014. For the quarter, the company reported total sales of 751,994 units.

Audi AG and China FAW Group Corporation Collaborate to Produce Plug-In Hybrid

Audi AG in collaboration with, FAW Group Corporation, announced that it is commencing production of a China-made plug-in hybrid sedan. The new model is called the Audi A6 e-tron and will be based on the long-wheel version of the Audi A6 sedan. The vehicle will have a have a range of 50 kilometers when using only battery power.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 13, 2014
FAW Bharat Forge (Changchun) Company Limited
 

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