Recently, the China FAW Group, a leading automaker based in Changchun, Jilin province has celebrated its 70th anniversary on Saturday as its 55.77 millionth vehicle – a Hongqi E-HS9 – rolled off the production line.
It is gathered that, since its establishment on July 15, 1953, FAW has become a leader in industrial revitalization and made an important contribution to regional economic growth.
Over the past seven decades, the company has produced 55.77 million vehicles, with a lifetime revenue of nearly 8.3 trillion yuan ($1.157 trillion), with a profits and taxes totalling over 1.87 billion yuan.
However, the company has assets totaling over 600 billion yuan with the brand value of “China FAW” exceeding 420 billion yuan, and the brand value of “FAW Jiefang” while “FAW Hongqi” each exceeds 110 billion yuan.
China’s first domestically made vehicle, the Jiefang CA10 4-metric-ton loading truck, rolled off the FAW assembly line on July 13, 1956, marking the first real step taken by the indigenous automobile industry, and ending the country’s lack of manufacturing ability.
FAW has grown into one of the world’s top 100 state-owned super large automobile enterprise groups.
Having vehicles of different FAW brands and generations were put on display in front of Hongqi Hall, with many members of the public taking photos of them and reminiscing about the past.
(China Daily)