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China-based state-owned automaker FAW Group and Aviation Industry Corporation of China (AVIC) signed a strategic agreement in Beijing on October 10 to develop cooperation integrating both parties’ advantages in automobile and aviation industries.
Oct. 11 , 2018Tianjin FAW Xiali Automobile Co., Ltd announced on September 28 that it transfers 100% stake in its wholly-owned subsidiary FAW Huali (Tianjin) Automobile Co. Ltd to FMC, the Nanjing-based company behind the all-electric car brand BYTON.
Sep. 29 , 2018The locally-produced all-new Audi Q3 developed by FAW Volkswagen (FAW-VW) is set to be unveiled in January and hit the market in March next year, according to local media. The China-made model will basically retain the design from the existing model.
Sep. 25 , 2018Chinese state-owned automaker FAW Group and Boe Technology Group Co., Ltd (BOE) agreed a strategic partnership in recent days to jointly work on in-vehicle display technologies, according to local media.
Aug. 8 , 2018FAW Car Co., Ltd. forecasted that it will post net profit between RMB 60 million and RMB 100 million, slumping between 63% and 78% year on year, compared with RMB 270 million during the same period last year.
Jul. 23 , 2018FAW group posted a year-on-year sales growth of 7.1% with a total of 1,712,506 vehicles delivered from January to June, the group announced in recent days.
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