China FAW Group Corporation (formerly First Automobile Works) commonly referred as "FAW" is China's oldest and largest automaker. Thecompany broke ground for its first factory on Jul 15, 1953, which is the beginning of China's auto industry. At the request of State-owned Assets Supervision and Administration Commission of the State Council, FAW reinstructured its operation business and established China FAW Group Co., Ltd. on Jun 28, 2011.
With the development of new China, generations of FAW people struggled hard to write a glorious chapter in the history of New China's auto industry. For the first veture, FAW people developed the spirit of arduous effort and hardworking, creating a miracle of building a factory and putting into operation on the wildness within three years, which ended the history that China was not able to manufacture vehicles; for the second venture, FAW people developed the spirit of Yugong (An old man with courage and perseverance, who removed the mountains) and triumphalism, to open up a new road for product transformation and factory reconstruction without stopping or reducing production, which changed the thirty-years' consistency of "Jiefang" truck; for the third venture, FAW people inherited the enterprise spirit of "Learning, Innovation, Resistance and Self-improvement", to successfully realize the lanuching of cars and light vehicles, forming the production pattern of medium- duty truck, heavy-duty truck, light-duty truck, car, bus and minibus products, opening a new chapter of FAW's comprehensive development.
So far, the total sales of FAW vehicles of all types have exceeded 30 million units, with a profits tax of over RMB 700 billion, forming four bases in Northeast, North China, Southwest, South China and East China, located in Changchun, Jilin, Harbin, Dalian, Beijing, Tianjin, Qingdao, Wuxi, Chengdu, Liuzhou, Qujing, Foshan and Haikou, etc. In addition to consolidating and developing the domestic market, FAW keeps opening up the international markets, and has gradually established a global marketing and procurement system.
Historically, since establishment, FAW has combined its development and progress with the fate of the country and people. With the endurance and hardworking of creating one and one "First", generations of FAW people do not disappoint the people and the country and deserve the mission of "Chinese First Automaker", constantly reminding themselves to remember the history, keep the faith and take the responsibility, to achieve the pursuit of ranking first in Chinese automotive industry.
At the new starting point for development, FAW will thoroughly implement the spirit of the 18 th National Congress of the Communist Party of China as well as the Third, Fourth and Fifth Plenary Sessions of the 18 th Central Committee, undertake the state-owned enterprises' political, economic and social responsibility, carry out the five development concepts, center on improving development quality and efficiency, make efforts to build the company a top automaker with international competitiveness through innovation, independent development, reform and opening-up, structure optimization, green growth, supreme quality and leading cost control.