Changchun FAWAY Group Automobile Components Co., Ltd. (Formerly Changchun FAWAY Automobile Components Co., Ltd.)

Company Profile

■URL

https://www.faway.com/

■Address

No. 5168 Dongfeng Street, Lvyuan District, Changchun City, Jilin Province, China

Business Overview

-The company conducts design, research, development, manufacturing, and sales of automotive seats, instrument panels, seat frames, bumpers, door sill assemblies, front module assemblies, radiator grille assemblies, spoilers, rearview mirrors, automotive filters, automotive lighting equipment, automotive press parts, wheel assemblies, and automotive electronics.

-The company has five manufacturing sites in Changchun, Chengdu, Foshan, Qingdao, and Tianjin. The company supplies components for multiple automobile manufacturers including FAW, VW, Volvo, Benz, BMW, GM, Great Wall Motor, NIO, Li Auto, and XPeng.

-In 2022, sales related to auto parts increased by 0.18% year-on-year (y/y) to CNY 19.096 billion, accounting for 95.6% of the total.

-The Company's largest customer is FAW-VW. Sales to FAW-VW in 2022 were CNY 11.122 billion, accounting for 55.69% of the total.

Shareholders

(as of Dec. 31, 2022)

Shareholders	Shareholding Ratio (%)
Jilin Yadong State-owned Capital Investment Co., Ltd.	14.70
FAW Equity Investment (Tianjin) Co., Ltd.	14.46
Fawer Automotive Parts Limited Company	8.00
Changchun FAWSN Group Co., Ltd.	4.54
Others	62.84
Total	100

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Products

Interiors
-Seats for passenger vehicles
-Seats for commercial vehicles
-Seat frames
-Doors for passenger vehicles
-Doors for commercial vehicles
-Passenger car center console
-Roofs for commercial vehicles
- Overhead console for commercial vehicles
-Instrument panels
-12.3 inch full LCD instrument panel

Exteriors
-Front bumpers
-Tailgates
-Spoilers
-Side Skirts
-Rearview mirrors

Intelligent lighting systems
-Headlights
-Turn signals
-Grille lights

Products for low carbon
-Body structures
-Chassis components
-Passenger car steel wheels
-Commercial vehicle tubeless wheels
-Commercial vehicle inner tube wheels
-Primary and secondary filter element assemblies
-Fuel filter assemblies

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History

Apr. 1993	The Company was established through a joint investment by China FAW Group Corporation, FAW Labor Service Company (Now FAW Sihuan Enterprise Corporation), and Auto-refitting Plant,China National Automotive Industry Corp.
Aug. 1996	Listed on the Shanghai Stock Exchange (Total number of shares issued : 60.5 million). Issued additional 15.50 million shares in the same month.
Jan. 2001	Acquired Fawer Automotive Parts Co., Ltd. Wheel Branch Company and changed its name to Changchun FAW Sihuan Automobile Co., Ltd. Wheel Branch Company.
Apr. 2002	Acquired Changchun Fawer-Johnson Controls Automotive Systems Co., Ltd. and added the new subsidiary to its reporting statements.
Dec. 2002	The Company and MANN+HUMMEL, a German based automotive parts manufacturer, jointly established Changchun Mann + Hummel Fawer Filter Co., Ltd.
Jan. 2003	The Company, together with Taiwan Tong Yang Industry Group, established Changchun Fawer Tong Yang Plastics Products Co., Ltd.as a joint venture.
Apr. 2003	The Company established Tianjin Intex Auto Parts Co., Ltd. together with three Japanese manufacturers: Araco; Takanichi Co., Ltd.; and Toyoda Boshoku Corporation.
Oct. 2003	The Company established Changchun Mekra Lang Vehicle Mirror Co., Ltd. together with the German-based Mekra Lang GmbH & Co. KG.
Jul. 2004	The subsidiary, Changchun Fawer-Johnson Controls Automotive Systems Co., Ltd. acquired a 48% stake in Tianjin Kahou Auto Trimming Co., Ltd., an automotive seat and interior parts supplier, which is owned by Tianjin FAW Xiali, thus becoming its largest shareholder.
Dec. 2004	Changchun Fawer-Johnson Controls Automotive Systems Co., Ltd., a subsidiary of the Company, established Changchun Xuyang Fawer-Jonson Automobile Seat Frame Co., Ltd., a joint venture with Changchun Xuyang Industry Group for production of seat frames for use in automobiles.
Oct. 2008	The Company adopted a new corporate name, Changchun Faway Automobile Components Co., Ltd.
Dec. 2009	The Company, together with Yanfeng Plastic Omnium Automotive Exterior Systems Co., Ltd. established Chengdu Faway Yanfeng Plastic Omnium Automotive Exterior Systems Co., Ltd. as a joint venture.
Jan. 2010	The Company, together with Changchun Gaoxin Automotive Accessories Co., Ltd. established Changchun Faway Gaoxin Automotive Accessories Co., Ltd. as a joint venture.
Jan. 2010	The Company, together with Yanfeng Plastic Omnium Automotive Exterior Systems Co., Ltd. established Chongqing Yanfeng Plastic Omnium Faway Automotive Exterior Systems Co., Ltd. as a joint venture.
Jan. 2010	The Company established Chengdu Faway Wheel Company.
Feb. 2010	The Company, together with Johnson Controls Asia Holding established Changchun Faway Johnson Controls Automotive Electronics Co., Ltd. as a joint venture.
Jul. 2010	The Company, together with Toyota Boshoku (China) Co., Ltd., established Changchun Faway Toyota Boshoku Auto Parts Co.,Ltd.
Nov. 2011	Planned to establish Changchun Faway Hella Automotive Lamps Co.,Ltd. with Hella Shanghai Electronics Co., Ltd.
Mar. 2012	Changchun Faway Tong Yang Plastics Products Co., Ltd. Foshan branch was established.
Dec. 2012	Chengdu Faway Hella Automotive Lamps Co., Ltd. was established.
Jun. 2014	The Company's joint-partner, Johnson Controls Asia Holdings Co., Ltd., transferred the entire 50 percent share it held in Changchun FAWAY Johnson Controls Automotive Electronics Co., Ltd. to Visteon Global Electronic, Inc.
Nov. 2016	Changchun Faway Tong Yang Plastics Products Co., Ltd.，the Company's subsidiary, established Tianjin Branch.
Apr. 2017	Changchun Faway Tong Yang Plastics Products Co., Ltd. Qingdao Branch and Qingdao Wheel Branch were established.
May 2017	Changchun Faway Tong Yang Plastics Products Co., Ltd. Tianjin Branch and Tianjin Stamping Branch were established.
Jul. 2017	Changchun Faway Tong Yang Plastics Products Co., Ltd. Tianjin Wheel Branch was established.
Feb. 2018	Planned to set up a new company, Faway Benteler Automobile Components (Tianjin) Co., Ltd., jointly with Benteler Automotive (China) Investment Limited.
Aug. 2019	The Company’s subsidiary Changchun FAWAY Tong Yang Automobile Plastic Components Co., Ltd. built Shanghai Huashi Automotive R&D Branch.
Oct. 2019	A new plant of the Company’s subsidiary Changchun Visteon FAWAY Automotive Electronics Co., Ltd. is inaugurated.
Mar. 2020	The Company’s subsidiary Tianjin Huafeng Automobile Decoration Co., Ltd. dissolved and liquidated.
Sep. 2020	The company and 13 other companies, including China FAW, FAWAY, and Fawer, jointly established Changchun Automotive Leading Innovation Company.
Jun. 2021	The company and Danyang ENOR Photoelectric Technology Co. Ltd. jointly established FAWAY Hainuo Automotive Technology (Changzhou) Co., Ltd.