FAW - an abbreviation for China First Automotive Group Corporation, which translated into Russian language means: "The first Chinese car company." Date of formation of FAW - July 15, 1953, this company is considered as the progenitor of the automotive industry in the People's Republic of China. A very interesting fact is that to establish the production, helped experts ZIL. To date, FAW Corporation is a global giant whose volume is more than two million vehicles a year.
Corporation FAW, has been issuing commercial vehicles on their own thirty and twenty joint ventures. The key technology partners, corporations are: Mazda, FAW Volkswagen, GM, Toyota. It has a huge asset size of more than one hundred and nine billion yuan, and the number of employees exceeds one hundred thirty-two thousand. For fifty years, FAW Corporation has produced and sold more than fifteen million vehicles. This cars from completely different categories: sedans, buses, of medium trucks, heavy equipment, minivans.
In Russia, the FAW was introduced in 2002, and since 2007, there is a subsidiary in Moscow - OOO "PAC - Eastern Europe." The company plans, there is the idea of the lineup of the Russian market. Along with the development and strengthening of the internal market, FAW opens the international market, gradually creating a system of global procurement and marketing. The main key concepts and values of the company FAW are: economic ideas, digital control, the international economy and the millionth scale. The most basic and important point in the company FAW, is the evaluation of consumers.