FAWER Automotive Parts Limited Company

Company Profile

■URL

https://www.fawer.com.cn/index.php?l=en

■Address

No.701 Xuehai Street, Gaoxin District, Changchun, Jilin 130011, China

Business Overview

-A parts manufacturer under the China FAW Group, a state-owned Chinese automobile manufacturer. It mainly produces chassis systems, environmental systems, engine peripheral parts, and automotive electronic devices for commercial vehicles and passenger cars.

-In addition to its existing five production bases in China (Northeast, North, East, Southwest, and South-Central), the Company has established new production bases in the Yangtze River Delta and Central China. Outside of China, it has a production site in Mexico and a plant for ABC Umformtechnik GmbH & Co. KG (ABC) in Germany. As of 2023, the company had a total of 66 manufacturing sites worldwide.

-As a parts supplier to the FAW Group, the Company has a high market share of sales to FAW Group companies such as FAW-VW, Jiefang, Hongqi, Bestune, and FAW Toyota. Outside the FAW Group, it began supplying to Geely and BMW, and also expanded the supply chain with ABC of Germany, which it acquired. In the new energy passenger car market, orders were received from BYD, NIO, CATL, and HiPhi Motor. In the commercial vehicle field, the Company's driveshaft and radiator subsidiaries were designated as suppliers to foreign OEMs in China. Outside of China, it established and expanded its U.S. and European operations and enhanced R&D capabilities. Its Pump Division won a contract from VW to supply products. It won orders from countries in developed markets such as Mexico, Hungary, Russia, and Brazil.

Shareholders

Listed on the Shenzhen Stock Exchange

(as of Dec.31, 2023)

Shareholder	Shareholding ratio (%)
FAW Equity Investment (Tianjin) Co., Ltd.	25.38
Jilin Tianyi Investment Co., Ltd.	19.03
Ningbo Huaxiang Electric Co., Ltd.	14.50
Jilin Province State-Owned Capital Operation Limited	10.43
Others	30.66
Total	100

Access the latest exhibition info.
Click for a free trial!

Products

Climate control and engine cooling systems
HVAC
Air conditioners
Condensers
Air conditioner evaporators
Heaters
Radiators
Oil coolers
Supercharger intercoolers
Expansion tanks

Steering / drivetrain products
Power steering
Electric power steering
Steering gears
Steering knuckles
Steering columns
Power steering pumps
Steering wheels
Drive shafts
Differentials
Differential locks
Clutches
Clutch master cylinders
Clutch slave cylinders

Engine products
Fuel pumps
Carburetors
Oil pumps
Water pumps
Throttle bodies
EGR valves
Turbo chargers
Air pumps
Oil filter brackets

Chassis products
Engine support beams
Sub-brackets
Auxiliary frames
Control arms
Front frames

Suspension products
Control arms
Leaf springs
Coil springs
Torsion bars
Stabilizers
Torque rods
Sub frames
Shock absorbers
Front steering knuckles with strut
Front suspension corner module for passenger vehicles
Front axle module for passenger vehicles
Rear axle modules for passenger vehicles

Brake products
Brake cylinders
Brake valves
Air compressors
Parking brakes
Brakes
Brake drums
Brake discs
Brake calipers
Wheel hubs

Other products
Airbags
Fasteners
Wire harness
Inverters

View latest major parts supplier agreements.
Click for a free trial!

History

Sep. 1998	Established as an auto parts supplier group through an integration of China FAW's major automotive components divisions, comprising 9 wholly-owned subsidiaries and 8 foreign affiliated joint ventures.
Jan. 2001	Fawer Automotive Parts Co., Ltd. Wheel Branch Company was acquired by Changchun FAW Sihuan Automobile Co., Ltd., and the company name was changed to Changchun FAW Sihuan Automobile Co., Ltd. Wheel Branch Company.
July 2001	Established a 50-50 joint venture with Johnson Controls (USA) to produce automotive interior parts. The new entity was set up as a successor of a company's subsidiary, Fawer Automotive Parts Co., Ltd. Interior Trim Branch Company, and was renamed Changchun Fawer-Johnson Controls Automotive Systems Co., Ltd.
Sep. 2001	Moved to Changchun Economy & Technology Development Zone from China FAW's plant area.
Apr. 2002	Sold a 50% stake of its share in Changchun Fawer-Johnson Controls Automotive Systems Co., Ltd. to Chang-Chun FAW-Sihuan Automobile Co.,Ltd.
2002	Established Mudanjiang Foton Automotive Air Conditioner Co., Ltd. in Mudanjiang city, Heilongjiang Province to manufacture automotive air-conditioner compressors and related products.
Oct. 2003	Established Tianjin Chuhatsu Fawer Spring Co., Ltd., to manufacture cold-coiled springs in Tianjin city.
Oct. 2003	Established Tianjin Fawer Denso Air-Conditioner Co., Ltd., which is a joint venture, to manufacture automotive air conditioners in Tianjin city.
Dec. 2003	Established ZF Fawer Chassis Technology (Changchun) Co., Ltd., a joint venture to manufacture chassis components and chassis systems in Tianjing city.
Dec. 2003	Established ThyssenKrupp Presta Fawer (Changchun) Co., Ltd. which is a joint venture to manufacture steering columns for passenger vehicles and trucks in Changchun city.
Jan. 2004	Established Changchun FAWER-IHI Turbo Co., Ltd., which is a joint venture with Ishikawajima-Harima Heavy Industries Co., Ltd. (IHI), Ishikawajima General Machinery Co.,Ltd., and others. The new company is located in Changchun city.
Feb. 2004	Changed the company name of FAW-Kelsey-Hayes Automobile Chassis System Co., Ltd. to TRW Fawer Automobile Safety Systems (Changchun) Co., Ltd.
Mar. 2004	Established TRW Fawer Commercial Vehicle Steering (Changchun) Co., Ltd., a joint venture with TRW Automotive J.V. LLC. to manufacture steering gears in Changchun, positioning Fawer Automotive Parts Co., Ltd Driveline Branch Company as the core business.
May 2004	Established Fawer Automotive Parts Co., Ltd. Driveline Branch Company positioning the truck drive shaft division of Fawer Automotive Parts Co., Ltd. Driveline Branch Company as the core business, following the steering division.
July 2004	Established Volkswagen FAW Platform Co., Ltd. through a joint-venture project with Volkswagen (China) Investment.
Mar. 2005	Established Changchun Fawer Tongmuo Powder Metallurgy Co., Ltd., a joint venture with Ningbo Tongmuo New Material Co., Ltd., positioning the powder metallurgy parts plant of Fawer Automotive Parts Co., Ltd. Radiator Branch Company as the core operation for this business.
Apr. 2005	Established Valeo Fawer Compressor (Changchun) Co., Ltd., a joint venture with Zexel Valeo Climate Control (ZVCC) based in Tokyo.
Apr. 2005	Established Changchun Iskra Automotive Electrical Equipment Co., Ltd., a three-party joint venture with Iskra Avtoelektrika, d.d., a Slovenian auto parts supplier; and Top Merchant Limited, a trade and investment company in Hong Kong
June 2006	Fawer Y-Tec Chassis (Changchun) Parts Co., Ltd., a joint venture with Y-Tec and Sumitomo Corp. was established in October 2005 and officially began
Dec. 2006	TRW Fawer Automobile Safety Systems (Changchun) Co., Ltd. established a chassis module plant in Beijing.
Jan. 2008	Ningbo Huaxiang Electric Co., Ltd. invested in the company in order to acquire the largest (49 percent) share of ownership.
Mar. 2009	Changed the company name of FAW-ZEXEL Climate Control System Co., Ltd. to Faw-Valeo Climate Control Systems Co., Ltd.
May.2011	Tianjin Fawer Denso Air Conditioning Co., Ltd. Changchun Branch held a groundbreaking ceremony.
June 2011	Fawer Liaoning Automotive Spring Co., Ltd. held an opening ceremony for its Penglai Branch.
June 2011	Changchun Tower Golden Ring Automotive Products Co., Ltd., a joint-venture company between the Company and Tower International, Inc. of the U.S.A., established a new plant in Changchun.
Apr. 2012	FAWER Visteon Climate Control System (Changchun) Co., Ltd. (FVCC), opened a plant in Chengdu, Sichuan
Dec. 2012	FAWER received approval from the China Securities Regulatory Commission to be publicly listed.
Mar. 2013	The Company was listed.
Nov. 2013	Chengdu ThyssenKrupp Fawer Spring Co., Ltd., a joint venture between the Company and ThyssenKrupp Fawer Spring Co., Ltd., started operating.
Jun. 2014	The Company announced that it had signed an agreement with Chuo Spring Co., Ltd. and Tianjin Spring Manufacturing Co., Ltd. to transfer a 15.55% stake to Chuo Spring for CNY 8,441,700 and a 8.45% stake to Tianjin Spring Manufacturing for CNY 4,587,300.
Apr. 2015	The Company announced that it had officially decided to established a joint-venture called Fawer VIE Control System (Changchun) Co., Ltd. with Zhejiang VIE Science & Technology Co., Ltd. in Changchun, Jilin Province. Fawer Automotive Parts will own 40% shares and Zhejiang VIE will own 60% shares.
Nov. 2015	The Company acquired the entire 20% stake of Fawer Y-Tec Chassis Parts (Changchun) Co., Ltd. shares held by Sumitomo Corporation. In addition, the Company will acquire 10% of the joint venture's shares from Y-Tec, which currently owns 40%.
Nov. 2015	The Company acquired 40% shares of Changchun Tower Golden Ring from Tower Co., Ltd.
Jun. 2017	The Company established a joint venture, Changchun Tongmuo Fawer New Materials Co., Ltd., with NBTM New Materials Group Co., Ltd.
Jan. 2018	The Company established Fawer Hanon Automotive Component Co., Ltd. with Hanon System.
Apr. 2018	The Company established Dongfeng Fawer Pump Co., Ltd. with Dongfeng Motor Parts And Components Group Co., Ltd.
Mar. 2019	The Company transferred 15% shares of TRW Fawer Commercial Vehicle Steering Gear (Changchun) Co., Ltd.
Oct. 2019	The Company, Liaoyuan Refit and Ningbo Huaxiang established a joint venture, FawerXinchuang New Energy Battery Co., Ltd.
Feb. 2021	The Company established a wholly-owned subsidiary, FAWER Smart Energy Technology Co., Ltd.
Aug. 2021	The Company and Desay SV established FulScience Yimai Automotive Electronics Co., Ltd.
Aug. 2021	The Company established FAWER Automotive Parts Limited Company Light Metal Technology Branch.
Sep. 2021	The first phase of FulScience Electronics Industrial Park was completed and put into operation.
Dec. 2021	The Company established a wholly-owned subsidiary, FAWER Zhiyan Shanghai Automobile Technology Co., Ltd.
Dec. 2021	The Company completed the acquisition of 100% of the shares of German fastener manufacturer ABC Umformtechnik GmbH & Co. KG.
Jan. 2023	Invested in the establishment of Fawer Dongzhen Precision Casting Co., Ltd.