Investments
14Partners & Customers
10About FAW Group
FAW Group, f.k.a. First Automotive Works, is a state-owned automotive corporation that makes quality light, medium, and heavy-duty trucks, automobiles, municipal buses and luxury tourist coaches, custom bus chassis, and mini-vehicles.
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Research containing FAW Group
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CB Insights Intelligence Analysts have mentioned FAW Group in 2 CB Insights research briefs, most recently on Nov 24, 2021.
Dec 16, 2020
40+ Corporations Working On Autonomous VehiclesLatest FAW Group News
Mar 28, 2023
(Yicai Global) March 28 -- FAW-Volkswagen Audi, the Audi-marque joint venture between China’s FAW Group and Germany’s Volkswagen, is granting subsidies to Chinese car dealers to clear their stocks of China-made models. Audi distributors will receive a 2 percent subsidy on each domestically produced fuel-powered auto in stock since Nov. 30 that is sold this month, Yicai Global learned from a notice issued by FAW Audi Sales, the German luxury car brand’s seller in China. The inventory-to-sales ratio of luxury car brands in China rose to 1.4 from 1.3 in February from January, according to a survey carried out by the China Association of Automobile Manufacturers. The pressure on the luxury vehicle market has increased this year, the CAAM added, noting that carmakers should pay more attention to distributors’ profit and guarantee they have a sufficient profit margin. The price cut for the Q5L is close to CNY100,000 (USD14,535) or 20 percent, and that for some A6L models is CNY90,000 (USD13,080), staffers at an Audi store in Beijing told Yicai Global. Some cars that have been in the inventory for over three months are discounted over 30 percent, they added. The sales volume of Audi cars in China rose 1.8 percent to 40,000 units last month from a year earlier, but the firm’s market share plunged 4 percentage points. Meanwhile, the sales volume of its rivals BMW and Mercedes-Benz jumped 41.6 percent and 43.3 percent to 55,000 and 59,000 units, respectively, with their market shares both widening by 1 percentage point. Editors: Zhang Yushuo, Futura Costaglione Follow Yicai Global on
FAW Group Investments
14 Investments
FAW Group has made 14 investments. Their latest investment was in ChipON as part of their Series C - II on September 9, 2022.
FAW Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/20/2022 | Series C - II | ChipON | Yes | 2 | ||
6/27/2022 | Corporate Minority - III | Horizon Robotics | Yes | 3 | ||
3/9/2022 | Corporate Minority | SiEngine Technology | Yes | 1 | ||
10/26/2021 | Series A | |||||
10/20/2021 | Series C - III |
Date | 9/20/2022 | 6/27/2022 | 3/9/2022 | 10/26/2021 | 10/20/2021 |
|---|---|---|---|---|---|
Round | Series C - II | Corporate Minority - III | Corporate Minority | Series A | Series C - III |
Company | ChipON | Horizon Robotics | SiEngine Technology | ||
Amount | |||||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 2 | 3 | 1 |
FAW Group Partners & Customers
10 Partners and customers
FAW Group has 10 strategic partners and customers. FAW Group recently partnered with Volkswagen Group on November 11, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
11/28/2022 | Partner | Germany | VW halts production at China plant amid COVID wave VW jointly operates the Chengdu plant with its local partner FAW Group . | 1 | |
6/27/2022 | Partner | China | AI Firm Horizon Robotics Wins Strategic Investment From FAW Group FAW Group and Horizon Robotics have already established a deep cooperative relationship . | 1 | |
2/28/2022 | Partner | BYD will strengthen its partnership with FAW Fudi New Energy Technology to build the power battery production base and improve the local automobile-related industry chains , Wang Chuanfu , chairman and chief executive of the Shenzhen-based car and battery maker , said at the ceremony . | 1 | ||
1/19/2022 | Partner | ||||
10/12/2021 | Partner |
Date | 11/28/2022 | 6/27/2022 | 2/28/2022 | 1/19/2022 | 10/12/2021 |
|---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | Germany | China | |||
News Snippet | VW halts production at China plant amid COVID wave VW jointly operates the Chengdu plant with its local partner FAW Group . | AI Firm Horizon Robotics Wins Strategic Investment From FAW Group FAW Group and Horizon Robotics have already established a deep cooperative relationship . | BYD will strengthen its partnership with FAW Fudi New Energy Technology to build the power battery production base and improve the local automobile-related industry chains , Wang Chuanfu , chairman and chief executive of the Shenzhen-based car and battery maker , said at the ceremony . | ||
Sources | 1 | 1 | 1 |
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