Changchun FAWAY Automobile Components Co., Ltd.

Company Profile

■URL

http://www.faway.com/fawyw/5092119/index.html

■Address

No.1399, Dongfeng South Street, Changchun Automobile Industry Development Zone, Changchun, Jilin 130011, 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 production sites in Changchun, Chengdu, Foshan, Qingdao, and Tianjin and supplies components to several finished vehicle manufacturers, including China FAW, VW, Toyota, Volvo, Mercedes-Benz, BMW, and GM.

-The following research and development is being conducted in the respective business segment:

Interior and Exterior Components Business

  • In the development of automotive seats and interior system products, the Company can develop different products for different customers. Through continuous technological innovation, the Company will provide more competitive products to its customers. For exterior components, the focus is on reducing the weight of bumpers as well as body components such as the "four gates and two lids" (front and rear doors, engine hood, trunk lid, and fenders).

Lighting Business

  • The company focuses on the development and manufacturing of the entire series of automotive lamps. At the same time, the company is promoting intelligent, electronic, and high-pixel technologies, including the application of technologies such as ADB matrix headlamps and high-pixel light sources, and the integration of exterior lamps with exterior body parts.

Wheel and Press Parts Business

  • To meet the needs of decarbonization in the automotive industry, the Company is focusing on the development of technologies to reduce product weight. Weight reduction is being conducted in terms of both materials, such as aluminum alloys, high-strength steel, and composite materials, and manufacturing processes, such as thermoforming and roll forming.

-The Company has established partnerships with many non-Chinese manufacturers such as Adient, Hella, and Visteon, as well as a close joint development organization with China FAW, a major customer in China. The company is focusing on areas such as automobile cockpits, exterior parts, and lighting.

Shareholders

(as of Dec. 31, 2020)

Shareholders Shareholding Ratio (%)
Jilin Yadong State-owned Capital Investment Co., Ltd. 16.32
China FAW Group 14.93
Changchun FAWSN Group Co., Ltd. 5.09
Others 63.66
Total 100

Products

Wheels
-Steel wheels
-Roll-formed wheels

Interiors
-Instrument panels
-Console boxes
-Clusters
-Door panels
-Door interior panels
-Door inner panels
-Pillar trims
-Roof trims
-Seats
 ・Seat backrests
 ・Seat frames
-Carpeting
-Cowls
-Trunks
-Back plates
-Air filter boxes
-Full digital clusters
-Overhead console box products for commercial vehicle

Exteriors
-Mirror components
 ・Rearview mirrors
 ・Lower mirrors
 ・Overhead mirrors
-Bumpers
-Radiator grilles
-Lamps
 
Electronic and electric products
-Meters
-Digital clocks
-Ignition coils
-Body control modules
-Gateway control modules

Seats
-Seats for passenger vehicles
-Seats for commercial vehicles

Other
-Sunroof reinforcements
-Cover inner plates
-Doorsill assemblies
-Trailing arm assemblies
-Brackets
-Beams
-Floors
-Connectors
-Reinforcement panels
-Body sides
-Inserts
-Dash panels
-Oil separators
-Filters
-Air drying tanks
-Filter elements
-Visteon SmartCore cockpit domain controller platform

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 Changchun FAWAY Adient Automotive Systems Co., Ltd. dissolved and liquidated Tianjin Kahou Automobile Decoration Co., Ltd.

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.

Supplemental Information 1