FAW Group Corporation
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Search complete. 30 mentions across 11 episodes found for "FAW Group Corporation".
Nov 4, 2026
Martyn LeeHOST
Toyota's two joint ventures in China, moving towards some sort of shared development, shared purchasing, shared production, shared sales, maybe, under an alliance.
Martyn LeeHOST
FAW and GAC are their two, at the moment, different Chinese joint venture partners.
Martyn LeeHOST
GAC says it's setting up a joint working group with FAW.
Martyn LeeHOST
To move forward, under the agreement, GAC would buy FAW's 50% stake in FAW Toyota by issuing shares.
Martyn LeeHOST
FAW would then become a GAC shareholder.
Martyn LeeHOST
Now, FAW Toyota would be an independent operating company working alongside GAC Toyota.
Martyn LeeHOST
Sharing operations would let Toyota spread development costs and use factories and suppliers more efficiently as Chinese EV brands intensify competition.
Martyn LeeHOST
Joint ventures that once gave foreign manufacturers access to China now need to help them keep pace with domestic products.
Martyn LeeHOST
Now, the first year will focus on establishing the brand of Luxeed with dealerships in major cities using the Cherry partnerships they have and also a mix of new retailers as well.
Martyn LeeHOST
Now, Volkswagen and their partnership with FAW, and they've got their little electric car, the Jetta, which I know is a nameplate of a car, but there it's a brand in China.
Martyn LeeHOST
And so the Jetta M6 just went on sale, and they got more than 10,000 locked-in orders in the first 19 hours.
Martyn LeeHOST
Buyers can't get their deposits back if they change their mind.
7 MINS LATER
Martyn LeeHOST
So that is Audi with a capital A.U.D.I. and no four rings.
Martyn LeeHOST
So Audi managed by F.A.W., Audi, Audi, managed by SAIC.
Martyn LeeHOST
FAW's range still includes electric cars like the A6L e-tron, alongside some combustion as well.
Martyn LeeHOST
SAIC's AUDI cars use a platform developed for China with local driving tech from Memento.
Martyn LeeHOST
Dealer access helps explain the gap.
Martyn LeeHOST
Volkswagen Anui has 166 outlets compared with 3,000. for the Volkswagen FAW SAIC Ventures.
Martyn LeeHOST
Cooperation with selected FAW dealerships is actually already underway.
Martyn LeeHOST
Extending that access would put the cars in front of more buyers.
Martyn LeeHOST
Volkswagen's Chinese partners have supplied the tech.
John McElroyHOST
And speaking of Audi, it's restructuring its China operations, splitting between its two joint venture partners.
John McElroyHOST
FAW will focus on developing gas-powered and electric vehicles under the traditional four-ringed brand, while SEIC will develop vehicles for the Chinese market under the Audi brand with the four letters.
John McElroyHOST
China is Audi's largest market, accounting for 38% of its global sales, but The automaker is struggling.
John McElroyHOST
Last year, it sold around 618,000 vehicles in China, down 5% from the year before.
John McElroyHOST
And speaking of Audi, it's restructuring its China operations, splitting between its two joint venture partners.
John McElroyHOST
FAW will focus on developing gas-powered and electric vehicles under the traditional four-ringed brand, while SEIC will develop vehicles for the Chinese market under the Audi brand with the four letters.
John McElroyHOST
China is Audi's largest market, accounting for 38% of its global sales, but The automaker is struggling.
John McElroyHOST
Last year, it sold around 618,000 vehicles in China, down 5% from the year before.
John McElroyHOST
Another issue is VW's decision to sell it through a new EV-focused dealer network.
John McElroyHOST
It only has 166 locations in China, compared to the more than 3,000 dealerships that VW operates with its joint venture partners FAW and SAIC.
John McElroyHOST
Because of that, many car buyers weren't even aware the model existed.
John McElroyHOST
VW will launch its second model developed with Xpeng later this month.
John McElroyHOST
Another issue is VW's decision to sell it through a new EV-focused dealer network.
John McElroyHOST
It only has 166 locations in China, compared to the more than 3,000 dealerships that VW operates with its joint venture partners FAW and SAIC.
John McElroyHOST
Because of that, many car buyers weren't even aware the model existed.
John McElroyHOST
VW will launch its second model developed with Xpeng later this month.
Lei XingHOST
But I think this also comes on the heels of the other important topic I wanted to discuss about is last week we talked about the 15th five-year plan for ICNEVs, and we talked about consolidation.
Lei XingHOST
And so this week we had FAW Group and GAC Group.
Lei XingHOST
They're the number four and the number nine in terms of sales in China, the big automotive groups.
Lei XingHOST
they had a tie-up where GAC Group is going to, currently the structure is they will become a shareholder in FAW Toyota joint venture.
Lei XingHOST
In return, FAW Group will become the second biggest shareholder of GAC Group.
Lei XingHOST
I think this especially is important when it's after this official from NDRC, they kind of mentioned it.
Tu LeHOST
NDRC, shi shi.
Lei XingHOST
including NDRC, including Ministry of Industry and Information Technology, MIIT, and other ones.
Lei XingHOST
And these series of actions of guidelines put out recently, this consolidation, we have to talk about Toyota.
Lei XingHOST
Toyota officially announced from their point of view, there's three FAW group, GSE group tie up, which I think is one of the biggest moments in the history of consolidation in the Chinese auto industry.
Tu LeHOST
Maybe next week you and I give the little history lesson with some of that stuff.
Tu LeHOST
Cause I think that's really important as well.
Lei XingHOST
We talk about slowing EV sales volumes.
Lei XingHOST
And what has happened recently is we're starting to see the country really focus on getting quality development with NIO Geely Battery Swapping Alliance announcement with FAW Group.
Lei XingHOST
GSE Group tie-up is China is starting to address some of the consequences of the China speed, where it's no longer sustainable.
Lei XingHOST
So we've got to look at it from a more holistic lens, whereas I think in the U.S. side, it always talks about spying or subsidization.
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