HUIHUA Group and FAW Group build a joint venture Overseas Investment Corporation
Date: 2017/11/28 16:49:37
On September 2nd, 2017 Changchun, China - Northeast Asia Investment and Trade Expo in Jilin Province, the Huihua Group signed agreements with China First Automobile Work Group (FAW), CITIC Bank, Jilin Equity Foundation and China National Reform and Investment Foundation, and jointly establish an overseas Investment company to speed up the distribution of the auto industry along the "Belt and Road".
The establishment of this overseas investment company means the further deepening of the strategic cooperation between the Huihua Group and China FAW Group。Gathering the superior resources of all parties and supporting Chinese enterprises develop their long-term strategic investments along the "Belt and Road". At the same time, Liaoning Huihua Group will assist China FAW Group to exploit the aftermarket further such as automobile service assurance and financial loan along the "Belt and Road" and continue to develop and consolidate the industrial chain of FAW's whole series of products in the international market.
In recent years, as overseas strategic partner of Chian FAW’s, Huihua Group always devote to deep development of overseas market. Its business has covered more than 10 regions and countries in Southeast Asia, Africa and Latin America. In addition, its products have covered 5 continents, 48 countries, the cumulative total export of vehicles and parts is over 5 billion RMB. At present, 13 countries have established 15 capacity cooperation projects and put into operation along the "One Belt and One Road", and the overseas assembly of exporting products proportion is as high as 65%, much higher than the industry average. The strategic cooperation between Huihua Group, FAW and CITIC Bank is a change of development mode. It is also a major strategic innovation in promoting the distribution of the "One Belt and One Road". It must create a new chapter in overseas development.