
Investments
11Portfolio Exits
1Partners & 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.
FAW Group Headquarter Location
No. 288 TianFu Road Jingyue Development Zone
Changchun, Jilin, 130011,
China
+86-431- 8112-1158
FAW Group Web Traffic
FAW Group Rank
Research containing FAW Group
Get data-driven expert analysis from the CB Insights Intelligence Unit.
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
May 23, 2022
(Yicai Global) May 23 -- FAW-Volkswagen Audi has apologized and withdrawn its latest promotional video after the Audi-marque joint venture between China’s FAW Group and Germany’s Volkswagen was accused of plagiarism as the video was found to be heavily based on someone else’s work. The mistake is ‘unbelievable,’ many industry professionals said. The video, which features Hong Kong movie star Andy Lau and revolves around a period in the lunar calendar called Xiaoman, garnered five million likes on social media platforms after its debut. However, within 24 hours of being released, blogger ‘Beida Mange’ said that the content is highly similar to a video he produced a year and even the script is identical in some places. 'Audi’s Xiaoman advertising plagiarism' was one of the top topics on microblogging site Weibo yesterday. The video was delivered by M&C Saatchi and FAW-Volkswagen Audi has asked the UK marketing agency to sort the matter out as soon as possible. Due to the team’s lack of copyright awareness, the London-based firm used Beida Mange’s work without securing permission, M&C Saatchi said in a statement later. “Unbelievable,” the founder of an advertising production company in Shanghai told Yicai Global. Major advertising companies and automakers have strict censorship of video content. Everything from the music, fonts, punctuation, and branding must be checked before the video is released, no matter what the advert is about. The fact that this ad featured Lau, a well-known celebrity, the infringement should never have happened, he added. “A lack of copyright awareness is hard to believe,” a marketing executive at a car company told Yicai Global. “If it is true, it is so ridiculous.” This is not the first time that Ingolstadt-based Audi has made a major mistake in an advertising campaign in China. Last year, it used an Infiniti model in an ad for the Q8. Audi has fallen behind Mercedes-Benz and BMW in luxury car sales in China in recent years and is trying to claw back market share through an improved brand image. In 2020 it set up a special marketing team to launch a worldwide brand renewal campaign, with a particular focus on China. Editors: Chen Juan, Kim Taylor Follow Yicai Global on RELATED
FAW Group Investments
11 Investments
FAW Group has made 11 investments. Their latest investment was in T3Go as part of their Series A on October 10, 2021.
FAW Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
10/26/2021 | Series A | T3Go | $1,206.44M | No | 7 | |
10/20/2021 | Series C - III | Pony.ai | No | 1 | ||
8/11/2021 | Series C - II | PATEO | $128.03M | Yes | 9 | |
7/23/2021 | Corporate Minority | |||||
7/2/2021 | Corporate Minority |
Date | 10/26/2021 | 10/20/2021 | 8/11/2021 | 7/23/2021 | 7/2/2021 |
---|---|---|---|---|---|
Round | Series A | Series C - III | Series C - II | Corporate Minority | Corporate Minority |
Company | T3Go | Pony.ai | PATEO | ||
Amount | $1,206.44M | $128.03M | |||
New? | No | No | Yes | ||
Co-Investors | |||||
Sources | 7 | 1 | 9 |
FAW Group Portfolio Exits
1 Portfolio Exit
FAW Group has 1 portfolio exit. Their latest portfolio exit was FAW Group - Huali on October 03, 2018.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
10/3/2018 | Divestiture | 2 |
Date | 10/3/2018 |
---|---|
Exit | Divestiture |
Companies | |
Valuation | |
Acquirer | |
Sources | 2 |
FAW Group Partners & Customers
10 Partners and customers
FAW Group has 10 strategic partners and customers. FAW Group recently partnered with BYD Company on February 2, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
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 | BYD, FAW, Establish Joint Venture with Registered Capital of $157 Million In July last year , the Changchun Municipal Government , FAW Group and BYD signed cooperation agreements for a new energy power battery project . | 1 | ||
10/12/2021 | Partner | China | 1 | ||
9/29/2021 | Vendor | ||||
8/25/2021 | Vendor |
Date | 2/28/2022 | 1/19/2022 | 10/12/2021 | 9/29/2021 | 8/25/2021 |
---|---|---|---|---|---|
Type | Partner | Partner | Partner | Vendor | Vendor |
Business Partner | |||||
Country | China | ||||
News Snippet | 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 . | BYD, FAW, Establish Joint Venture with Registered Capital of $157 Million In July last year , the Changchun Municipal Government , FAW Group and BYD signed cooperation agreements for a new energy power battery project . | |||
Sources | 1 | 1 | 1 |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.