Faw Us Research & Development. Inc

China FAW Group Co, Ltd.(referred to as "China FAW"), formerly known as FAW, started construction in 1953. It has employees, total assets of 457.83 billion yuan, and registered capital of 35.4 billion yuan. The industrial layout has been constructed from northeast to north, east, southwest, and south. The business covers seven business segments including "red flag","liberation", Pentium, joint venture and cooperation, emerging business, overseas business and ecological business. The headquarters directly operates the "Red Flag" and carries out strategic or financial management and control of other businesses, forming a brand-new operation and management model for the market and direct customers. Build the “two departments and six hospitals” R&D system and the “three countries and six places” global R&D layout. The brand value of "Red Flag" and "Liberation" remains the first among domestic independent cars and independent commercial vehicles. The Hongqi L series is the designated car for major national events, and the H series sedan is growing rapidly in the market segment. Jiefang Medium-Heavy Truck is a leader in the field of domestic commercial vehicles. New energy vehicles have been mass-produced, and the Hongqi E-HS3 pure electric car has been put on the market. In 2019, FAW achieved sales of 3.464 million vehicles, operating income of 620 billion yuan, and profit of 44.05 billion yuan, ranking 87th among the Fortune Global 500.