Top stories of FAW Group in 2023
In 2023, FAW Group's wholly-owned vehicle brand sector embarked on a pivotal phase of transition towards new energy. Since January 2023, nearly all announcements from FAW Gorup's wholly-owned brands have revolved around new energy vehicle initiatives.
From the signature brand Hongqi's declaration of going "All in" on new energy vehicle to collaborative efforts between the group and various enterprises, each development underscores the automaker’s determination and vigor in embracing the transition towards electrification.
Photo credit: FAW Group
Recently, Gasgoo conducted a year-end review, focusing on key automotive enterprises and component manufacturers. This piece offers a retrospective look at FAW Group’s journey in 2023.
FAW Group unveils Guangdong-Hong Kong-Macao Greater Bay Area R&D Institute
On December 18, 2023, the inauguration ceremony of FAW Group's Guangdong-Hong Kong-Macao Greater Bay Area R&D Institute took place in Shenzhen.
FAW-Volkswagen’s ID.7 VIZZION hits market, starting at 227,777 yuan
On December 15, FAW-Volkswagen officially put the ID.7 VIZZION onto the market at its Foshan MEB Smart Factory. This latest release encompasses four distinct variants with the AIR edition priced at 227,777 yuan, the PRO edition at 237,777 yuan, the PRIME edition at 262,777 yuan, and the inaugural edition at 230,777 yuan.
On December 4, FAW Jiefang, the commercial vehicle arm of FAW Group, signed a memorandum of understanding (MoU) with PT. Gotion Indonesia Materials to cement their cooperation on a heavy-duty truck project, according to a post on FAW Jiefang's WeChat account.
On November 28, Chinese commercial vehicle maker FAW Jiefang, Faurecia (Shanghai) Hydrogen Investment Co., Ltd. ("Faurecia Hydrogen"), and Air Liquide (China) Investment Co., Ltd. ("Air Liquide") inked a comprehensive hydrogen energy strategic cooperation framework in Changchun city, signifying their crucial step toward exploring the vast potential of liquid hydrogen technology.
FAW Jiefang, Huawei cement cooperation in AI, intelligent driving, intelligent cockpit
On October 24, FAW Jiefang Automotive Co., Ltd. ("FAW Jiefang"), the truck manufacturing company under FAW Group, and Huawei Technologies Co., Ltd. ("Huawei") stepped up their strategic partnership by signing a memorandum of understanding (MoU) that involves the cooperation in such fields as AI, intelligent driving, and intelligent cockpit.
Alibaba, SAIC-backed Banma sees capital injection from FAW Group
Banma Network Technology Co., Ltd. (Banma Network Technology), an Alibaba-affiliated intelligent connected car solution provider, recently introduced a new shareholder, FAW Group's Nanjing FAW Innovation Fund Investment Management Center (Limited Partnership), according to the Chinese corporate database Tianyancha.
FAW Group enhances Hongqi brand's marketing management
On September 19, FAW Group announced a strengthening of its marketing management system for the premium vehicle brand Hongqi, consolidating various departments and functions of the marketing innovation institute, marketing center, and new energy marketing center into an all-new marketing center.
FAW Group, Mobileye sign MoU for cooperation in intelligent driving field
On September 13th, a momentous event unfolded in Changchun city, Jilin province, as FAW Group and Mobileye signed a Memorandum of Understanding (MoU). This ceremony marked the commencement of a fresh, collaborative chapter, where both entities will unite their strengths in software, hardware, and technological prowess to seamlessly merge technology and products, delivering a seamless and delightful travel experience to users.
FAW Group, Volkswagen, Audi deepen collaboration in Chinese market
China's FAW Group, Volkswagen Group, and Audi AG cemented their strategic cooperation by signing a memorandum of understanding.
As FAW Group celebrates its 70th anniversary, the collaboration between FAW, Volkswagen, and Audi also reaches a notable milestone, marking 35 years of partnership. The ceremony symbolizes the deepening ties between the Chinese and German automakers, with both parties engaging in comprehensive planning for future cooperation.
FAW Group celebrates 70th anniversary with 55.77 millionth vehicle rolling off line
Chinese legacy automaker FAW Group (FAW) celebrated its 70th anniversary with on July 15, 2023.
Coinciding with this momentous occasion, FAW also reached a significant milestone as the 55.77 millionth vehicle rolled off the production line. This achievement represents another important milestone in the brand's history, signifying FAW's transition from industrialization and marketization to a new phase of larger-scale and more globalized high-quality development.
FAW Bestune to raise funds through capital increase for new energy vehicle development
According to the announcement from the China Beijing Equity Exchange, FAW Bestune Car Co., Ltd., a subsidiary of FAW Group, intends to introduce external investment through a capital increase, with a minimum fundraising target of 165 million yuan.
FAW's Hongqi introduces HMP hybrid electric vehicle platform
On April 8, FAW Group’s wholly-owned premium auto brand Hongqi launched the hybrid HQ Modular Platform (HMP) under the "Flagship" superstructure, showcasing the latest and cutting-edge achievements of the brand in the new energy vehicle field.
FAW Bestune ships 117 NAT electric vehicles to Mexico
Chinese major auto group FAW Group announced that a ship carrying 117 units of the Bestune NAT electric vehicles (EVs) set sail to Mexico from Lianyungang city, Jiangsu Province.
ECARX, FAW Group to build smart cockpit based on SE1000 SoC from SiEngine
On February 7, Geely-backed mobility technology provider ECARX announced with its affiliated automotive chip company, SiEngine, the strategic collaboration with FAW Group to build a smart cockpit platform based on SiEngine’s SE1000 SoC.
FAW Group’s Hongqi launches global new energy vehicle strategy
On Jan. 8, 2023, Hongqi, the premium auto brand of FAW Group, held a grand ceremony to launch its global new energy vehicle (NEV) strategy, unveiling the NEV sub-brand's architecture, logo, design language, technology platform, and product planning.
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