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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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Posted on 09 Nov 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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