FAW meaning in Business ?

Answer:

What is First Automotive Works mean?

FAW Group Corporation ("First Automobile Works") is a Chinese state-owned automotive manufacturing company headquartered in Changchun, Jilin, China. Its principal products are automobiles, buses, light, medium and heavy-duty trucks, and auto parts. FAW became China's first automobile manufacturer when it unveiled the nation's first domestically produced passenger car, the Hongqi, in 1958.

FAW is one of the "Big Four" Chinese automakers alongside Changan Automobile, Dongfeng Motor Corporation, and SAIC Motor. In 2014, the company ranked third in terms of output, producing 2.7 million vehicles.

The company has three publicly traded subsidiaries: FAW Car Co., Ltd. (SZSE: 000800), Tianjin FAW Xiali Automobile Co., Ltd. (SZSE: 000927), and Changchun FAWAY Automobile Components Co., Ltd. (SSE: 600742).

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