FAW Group

China FAW Group Corp., Ltd. (First Automotive Works) is a Chinese central 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) and under foreign-branded joint ventures such as FAW-Toyota and FAW-Volkswagen (Volkswagen, Audi, Jetta). Its principal products are automobiles, buses, light, medium and heavy-duty trucks, and auto parts. FAW became China's first automobile manufacturer when it unveiled the nation's first domestically produced passenger car, the Hongqi, in 1958. As a state-owned enterprise of China, FAW Group is controlled and managed by State-owned Assets Supervision and Administration Commission of the State Council (SASAC), which under Chinese law performs the functions of an investor. The company has three publicly traded subsidiaries: FAW Jiefang Group Co., Ltd. (SZSE: 000800), Changchun FAWAY Automobile Components Co., Ltd. (SSE: 600742) and Qiming Information Technology Co., Ltd. (SZSE: 002232).