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FAW Car expects annual profit growth of 105 mln yuan after two assets transfer
FAW Car expects annual profit growth of 105 mln yuan after two assets transfer

FAW Car, a subsidiary of FAW Group, transferred its assets in economic development zone of Changchun to a stamping dies company dubbed Zhisheng in the capital of Jilin for 81.2 million yuan ($11.5 million).

Dec. 13 , 2019
FAW Group to pump RMB139 million to enhance intelligence & connectivity strength
FAW Group to pump RMB139 million to enhance intelligence & connectivity strength

China’s state-owned automaker FAW Group plans to invest RMB139 million in a technical retrofit project to enhance the group’s strength in auto intelligence and connectivity.

Dec. 4 , 2019
FAW Hongqi targets higher annual sales in 2019
FAW Hongqi targets higher annual sales in 2019

Hongqi, the state-owned FAW Group's premium auto brand, is likely to see the annual sales of 2019 reach 110,000 units, rather than 100,000 set at the beginning of this year, Xu Liuping, chairman and CPC secretary of FAW, said on November 26.

Nov. 27 , 2019
FAW Group’s subsidiary to build auto joint venture with startup Bordrin
FAW Group’s subsidiary to build auto joint venture with startup Bordrin

Tianjin FAW Xiali Automobile Co., Ltd. (FAW Xiali), a subsidiary of China’s state-owned FAW Group, and the EV startup Bordrin entered into a shareholder agreement on September 27 to build a joint venture in Tianjin, according to FAW Xiali.

Sep. 29 , 2019
FAW Group steps up mobility service deployment by launching “iFlag”
FAW Group steps up mobility service deployment by launching “iFlag”

On September 17, iFlag Mobility, a mobility service platform owned by FAW Group’s subsidiary, announced via an official WeChat account that its app has been officially launched.

Sep. 18 , 2019
State-owned FAW Group, Dongfeng, Changan Automobile launch T3 mobility service platform
State-owned FAW Group, Dongfeng, Changan Automobile launch T3 mobility service platform

FAW Group, Dongfeng Motor and Changan Automobile on July 22 launched the T3 Mobility platform, which is designed to offer consumers safe, convenient and comfortable mobility services and solve industrial pain points.

Jul. 23 , 2019