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FAW Group company logo
Public-Private Partnership
AUTOMOTIVE & TRANSPORTATION | Automobile Manufacturing
faw.com

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Investments

11

Portfolio Exits

1

Partners & Customers

10

About 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

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FAW Group Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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FAW Group Rank

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.

Latest FAW Group News

FAW-VW Audi Says Sorry, Pulls Video After ‘Unbelievable’ Advertising Blunder FAW-VW Audi Says Sorry, Pulls Video After ‘Unbeliev...

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(Yicai Global) May 23 -- FAW-Volkswagen Audi has apologized and withdrawn its latest promotional video after the Audi-marque joint venture between China’s FAW Group and Germany’s Volkswagen was accused of plagiarism as the video was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.

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FAW Group Investments Activity

investments chart

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

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10

7/2/2021

Corporate Minority

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10

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

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Amount

$1,206.44M

$128.03M

New?

No

No

Yes

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Co-Investors

Sources

7

1

9

10

10

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

Work Starts on Chinese Automakers FAW, BYD’s USD2.1 Billion EV Battery Plant Work Starts on Chinese Automakers FAW, BYD’s USD2.1...

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

United States

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10

8/25/2021

Vendor

China

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10

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

United States

China

News Snippet

Work Starts on Chinese Automakers FAW, BYD’s USD2.1 Billion EV Battery Plant Work Starts on Chinese Automakers FAW, BYD’s USD2.1...

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 .

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Sources

1

1

1

10

10

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