FAW Group in the context of Hongqi (automobile)


FAW Group in the context of Hongqi (automobile)

⭐ Core Definition: FAW Group

China FAW Group Corp., Ltd. (First Automotive Works) is a Chinese state-owned automobile manufacturer headquartered in Changchun, Jilin. Founded on 15 July 1953, it is currently the second largest of the "Big Four" state-owned car manufacturers of China, together with SAIC Motor, Dongfeng Motor Corporation and Changan Automobile.

The company produces and sells vehicles under its own branding, such as Hongqi, Bestune (Benteng) as well as under foreign-branded joint ventures such as FAW-Toyota and FAW-Volkswagen (Volkswagen, Audi, Jetta).

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FAW Group in the context of Semi-truck

A semi-trailer truck (also known by a wide variety of other terms – see below) is the combination of a tractor unit and one or more semi-trailers to carry freight. A semi-trailer attaches to the tractor with a type of hitch called a fifth wheel.

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FAW Group in the context of Automotive industry in Pakistan

The automotive industry in Pakistan is one of fastest-growing industries in the country, growing by 171% between 2014 and 2018. It accounts for 7% of Pakistan's GDP and employed a workforce of over 6.8 million people as of 2024. Pakistan is the 15th largest producer of automobiles. Its contribution to the national exchequer is nearly US$5.4 billion. Pakistan's auto market is among the fastest growing in Asia. In the 1990s and early 2000s, Pakistan had many Japanese cars. With the launch of the first Auto Policy in 2005, Pakistan launched its first indigenous car, Adam Revo. However, after the 2008 elections, the dollar started depreciating, and due to bad governance, many automakers began to halt production, with some exiting Pakistan. Currently, the auto market is dominated by Honda, Toyota, Haval, Hyundai, Kia and Suzuki. However, on 19 March 2016, Pakistan passed a second "Auto Policy 2016-21," which offers tax incentives to new automakers to establish manufacturing plants in the country. In response, Renault, Nissan, Proton Holdings, Kia, SsangYong, Volkswagen, FAW, and Hyundai have expressed interest in entering the Pakistani market. MG JW Automobile Pakistan has signed a memorandum of understanding with Morris Garages (MG) Motor UK Limited, owned by SAIC Motor, to bring electric vehicles to Pakistan. NLC signed an agreement with Mercedes-Benz to manufacture Mercedes Actros trucks in Pakistan. On 8 July 2021, Jolta Electric launched the production of electric motorcycles.

On 26 December 2021, the Government of Pakistan announced a five-year policy between 2021 and 2026 to raise the production capacity of automobiles in Pakistan. On 20 October 2020, during a meeting with 50 Chinese automotive brands, the Pakistani envoy to China said that Pakistan will increase its automobile production to 6-8 million units in the next five years. Pakistan is building special economic zones where Chinese companies will be able to set up their businesses. In that meeting, 10 Chinese and Nasal automotive companies prepared to invest in Pakistan.

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FAW Group in the context of Jetta (marque)

Jetta is a car brand created by the Volkswagen Group with its joint venture partner FAW Group in 2019. The Volkswagen Jetta is a popular car in China, and the model forms the basis of the new company, with two additional SUV models joining the range.

The Jetta cars are built in Chengdu at an FAW-Volkswagen joint venture plant.

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FAW Group in the context of FAW-Volkswagen

FAW-Volkswagen Automobile Co., Ltd. is a joint venture between FAW Group and Volkswagen Group which manufactures Audi and Volkswagen marque passenger cars for sale in China. It was founded on 6 February 1991.

FAW-VW is headquartered in the south-western fringes of Changchun, Jilin Province, where it also has two vehicle assembly plants. It has an additional assembly plant in Chengdu, Sichuan Province, and a fourth plant is under construction in Foshan, Guangdong Province. FAW-VW is capable of producing the cars based on the platforms of PQ34, PQ35 and PQ46.

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FAW Group in the context of SAIC Volkswagen

SAIC Volkswagen Automotive Co., Ltd., formerly known as Shanghai Volkswagen Automotive Co., Ltd. is an automobile manufacturing company headquartered in Anting, Shanghai, China and a joint venture between SAIC Motor and Volkswagen Group. It was founded in 1984 and produces cars under the Volkswagen, Škoda and Audi marques. It is the second automobile manufacturing joint venture in China after American Motors and the first German car manufacturer to enter China.

The joint venture is made up of equity from SAIC Motor (50%), Volkswagen AG (40%), Volkswagen (China) Invest (10%), with a fixed-term venture for 45 years up until 2030. It is the first of three joint ventures operated by Volkswagen in China, alongside FAW-Volkswagen with FAW Group and Volkswagen Anhui with JAC Group.

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