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  Another big personnel adjustment of car enterprises!

  Since Qiu Xiandong was promoted to chairman of FAW Group, the personnel change of FAW is still going on, this time it is FAW liberation. On October 31, FAW Jiefang announced that Hu Hanjie resigned as chairman of the 10th board of directors, director and member of the special committee of the board of directors, and will no longer hold any position in the company.

  Liberation Company General Manager Limited China Vice President New Energy China FAW Enterprise Co. Ltd. Director Product Manager personnel Commercial 2023-10-31
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  The organizational structure of FAW was readjusted, and the headquarters of Pentium and Liberation was abolished.

  Since Xu Liuping was transferred to chairman of FAW Group in August 2017, FAW has carried out unprecedented reforms, and soon after that, FAW set up new Pentium Enterprise headquarters, Red Flag Business Department and Liberation Division under the Group. Now FAW Group has carried out structural reform, and the liberation enterprise headquarters and Pentium cause headquarters have been abolished. FAW Group recently issued an internal circular document announcing the abolition of the liberation and Pentium enterprise headquarters, and the headquarters will directly manage the Liberation Company, the car Company and FAW General Motors. After Xu Liuping takes office, in order to strengthen the independent business, FAW will set up a new Pentium business headquarters under the group, including FAW cars and FAW.

  2019-03-09
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  Name the era of Liberation! Another joint venture was born

  From January to July this year, cumulative sales in the domestic passenger car market totaled 11.079 million units, down 3.5 per cent from a year earlier, according to the Federation of passengers. Among them, the cumulative sales of new energy vehicles in the domestic market was 2.733 million, an increase of 21.5% over the same period last year, making it the only market with positive growth among several major market segments. Instead

  Liberation New Energy Times Ningde Company Market sales Automobile Battery Cooperation Power layout vehicle both sides Global 2022-08-19
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  FAW car adjusts its merger and acquisition of FAW Liberation and reorganization Plan, canceling 3.5 billion yuan of fund-raising

  On the evening of November 28th, FAW car announced that in order to further optimize the size of the company's share capital after the transaction and comprehensively consider the company's ability to pay cash, it plans to cancel 3.5 billion yuan of matching fund-raising. FAW Jiefang 100% equity held by FAW shares was purchased through major asset replacement, share issue and cash payment. The company said that after this restructuring, its main business has been changed to FAW with strong profitability, and its profitability and core competitiveness have been improved. According to the research report, FAW Jiefang is one of the best assets of FAW Group and the absolute leader of the domestic heavy truck industry.

  FAW sedan FAW liberation 2019-11-29
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  To solve the problem of inter-industry competition, FAW cars and FAW shares are exchanged for assets.

  The problem of peer competition between FAW car and FAW Xiali is expected to be alleviated. A few days ago, FAW car Co., Ltd. issued an announcement that according to the overall strategic layout of FAW cars and the need for major asset restructuring with China first Automobile Co., Ltd., FAW car plans to set up a wholly-owned subsidiary with its own capital of 50 million yuan, and the name of the company is tentatively designated as FAW Pentium car Co., Ltd. FAW Pentium sedan Co., Ltd., established by the latter, will undertake restructuring and purchase assets, FAW sedans purchase passenger car business, and at the same time place FAW liberation assets owned by major shareholders to achieve asset swap. FAW car.

  2019-06-25
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  FAW released three action plans to focus on its own brand in the next three years.

  Recently, FAW Group disclosed its "three major actions" plans for the next three years at an internal meeting. The "three major actions" are "Longteng Action", which is based on its own brand, core key technologies and emerging businesses, "Tiger Leap Action", which is based on joint venture and cooperation 2.0, and "Pegasus Action", which includes spare parts, logistics and other businesses. In the disclosure of the "three major actions" plan, the independent brand-based "Longteng Action" is the focus of FAW Group's development in the next three years. In this regard, FAW Group has also made a three-year planning goal for its own brands, Red Flag, Pentium and Liberation. For the Red Flag brand, FAW plans.

  Release FAW Brand Independence 2019-07-28
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  National Development and Reform Commission: formally liberalize the restrictions on the stock ratio of foreign investors in passenger car manufacturing

  On December 27, 2021, the National Development and Reform Commission and the Ministry of Commerce issued the Special Management measures for Foreign Investment access (negative list) (2021 edition) and the Free Trade pilot Zone (negative list) (2021 edition). Starting from January 1, 2022, China will abolish the restriction of foreign equity ratio in passenger car manufacturing and the establishment of only two or less car enterprises by the same foreign businessman.

  Formally relax the restrictions on the share ratio of joint ventures in passenger car manufacturing 2021-12-28
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  After stopping production for 48 days, FAW Toyota Changchun plant resumed work.

  According to the Changchun Health Commission, according to the relevant regulations of the joint prevention and control mechanism of the State Council, and combined with the current situation of epidemic situation in Changchun, it was decided that from 15:00 on May 1, 2022, the Green Park Youth Street Yuhang Community 133Factory dormitory, Green Park Forest Garden Street 3535 District, Green Park

  Factory Changchun Toyota 2022-05-02
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  FAW Pentium changed its standard again and boasted that it would sell 600000 vehicles in 2025.

  FAW Group's independent plate has FAW Red Flag, FAW Pentium and FAW Liberation, putting aside commercial vehicle brands, in fact, FAW Red Flag and FAW Pentium are in greater contact with consumers, and today's protagonist is FAW Pentium. In the recent FAW Pentium 15th anniversary celebration, FAW Pentium released a new brand positioning, a new brand LOGO and new development goals. On May 18th, FAW Pentium announced its development target, which aims to achieve sales of 300000 vehicles by 2023 and 600000 by 2025, while challenging 1 million vehicles. For FAW Pentium put forward the sales target, in addition to some surprise.

  FAW Pentium 2021-05-22
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  New move to go public as a whole? FAW car to acquire FAW Jiefang

  SAIC Group, GAC GROUP and other large automobile groups have long been listed as a whole, but FAW Group has not fulfilled its wishes for a long time. FAW Group has made new moves when it has been listed as a whole for a long time. FAW car issued the suspension notice of FAW car Co., Ltd. on planning major asset restructuring, the announcement said that FAW car intends to purchase FAW Jiefang shares held by FAW shares and raise supporting funds by means of asset replacement and issuing shares to purchase assets. The company will suspend trading from the opening of the market on March 28, 2019, and the suspension is expected to last no more than five trading days. FAW car license suspension the day before (March 27, 2019).

  be listed 2019-03-28
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  FAW Jilin mixed reform landed, Baoya New Energy got 70.5% equity and became the first shareholder.

  According to information from the Shanghai Stock Exchange, the capital increase project of FAW Jilin Automobile Co., Ltd. has been completed. Shandong Baoya New Energy Automobile Co., Ltd. as an investor will invest 1.5 billion yuan to acquire a 70.5% stake in FAW Jilin. It is understood that the two sides will formally sign the contract today. After signing the contract, Baoya New Energy will become the largest shareholder of FAW Jilin, and FAW Jilin will complete the reform of "from the country to the people". In fact, as early as July this year, it was reported that Baoya New Energy was expected to buy an 80 per cent stake in FAW Jilin for 18-2 billion yuan, but the move was opposed by FAW Jilin employees. It is understood that it was founded in 2.

  FAW Jilin 2019-12-27
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  Large-scale adjustment! The change of nearly 30 senior executives of FAW

  According to the Automotive Business Review, after Qiu Xiandong was promoted to chairman and party secretary of China first Automobile Group Co., Ltd., he immediately began a new round of organizational and personnel changes. Red Flag Brand 2023 Strategy Seminar and China FAW 2023 Strategy Seminar were held successively to clarify the brand battle between China FAW and Red Flag.

  Red Flag Brand sales China New Energy FAW Company Strategy Limited Automobile Model New Vice President Target personnel 2023-10-12
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  The restructuring of FAW cars has been settled, and FAW Pentium has become a wholly owned subsidiary of FAW.

  On March 25th, FAW car announced that, on March 12, the company received the approval of FAW car Co., Ltd. major asset restructuring and the issuance of shares to China first Automobile Co., Ltd. to purchase assets (Securities Regulatory license [2020] No. 352), approved the transaction. After receiving the approval documents of the CSRC, the listed companies actively carry out the transfer of the underlying assets, and as of the date of this announcement, the industrial and commercial change registration procedures for the placed assets and the purchased assets involved in this transaction have been completed. According to the previous restructuring plan, FAW cars will have the exception of FAW.

  FAW cars FAW shares 2020-03-26
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  FAW Jilin starts mixed reform: "increasing capital and shares" is introduced to shareholders, but there is no car sale at the terminal.

  As an independent brand of FAW Group, the mixed reform plan and plan of FAW Jilin has attracted much attention from the industry. Recently, there are rumors that low-speed electric car company Baoya New Energy is expected to buy an 80 per cent stake in FAW Jilin with a capital of 18-2 billion yuan. In this regard, FAW Jilin person in charge said that although do not know which enterprise will cooperate with, but a certain meeting to increase capital and shares in the form of the introduction of a number of shareholders. For the mixed reform plan, FAW Jilin also put forward requirements, the shareholders must meet the company's demands in order to buy shares, but FAW Jilin did not disclose the specific requirements of Dongfang shares. Some analysts said that according to the current operating situation of FAW Jilin,.

  2019-08-01
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  WEY retro new car exposed! The front face resembles the PT walker.

  On August 24th, the WEY brand of Great Wall released a trailer map of the new retro-styled concept car, with the interior code "V72" and positioning the SUV model. It is understood that the new WEY retro concept car will be officially unveiled at the Chengdu Auto Show. From the preview map, the new car will adopt a retro design, and the front face will be modeled on the design style of the classic car in the 1950s and 1960s, and the visual effect is unique. In terms of the details of the new car, the protruding eyebrows and lights on both sides of the new car are very conspicuous, while the bottom is surrounded by the classic car style of chrome plating. As a result, it is speculated that the new car will have a unique intelligent interior.

  Great Wall Motor 2021-08-25
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  FAW car major assets reorganization plan has been approved by SASAC of the State Council.

  FAW car Co., Ltd. issued a notice today, saying that major asset restructuring issues have been approved by the SASAC of the State Council, and agree in principle to the company's overall plan for asset restructuring and supporting financing. FAW car restructuring proposed to buy assets FAW Jiefang 100% equity, the transaction price of 27 billion yuan. According to the announcement, the State-owned assets Supervision and Administration Commission of the State Council recently received a "reply on issues related to asset restructuring and supporting financing of FAW car Co., Ltd." transferred by China first Automobile Group Co., Ltd. agreed in principle to the company's overall plan for asset restructuring and supporting financing. In addition, the announcement is also.

  FAW car asset reorganization plan approved by SASAC 2019-09-27
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  FAW car issued a performance forecast with an estimated loss of 236 million yuan in the first three quarters.

  FAW cars issued the latest performance forecast, which shows that FAW cars are expected to have a net loss of 236 million yuan to 296 million yuan in the first three quarters of this year, compared with a profit of 135 million yuan in the same period last year. Of this total, the loss in the third quarter is expected to be 246 million yuan to 306 million yuan, compared with a profit of 54.208 million yuan in the same period last year. The company said that the profit and loss was mainly due to the decline in sales caused by the domestic passenger car market, as well as the switch between the fifth and sixth grade, which reduced the company's vehicle sales. However, according to the latest statistics of the Federation of passengers, in September, the national passenger car market fell 6.5% compared with the same period last year, FAW sedan was led by 35.2%.

  FAW car issued a performance forecast 2019-10-14
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  FAW Changchun five major vehicle factories stop production!

  This morning, the most important news is undoubtedly that the Jilin Provincial Health Commission reported a new case of COVID-19 's epidemic. From 0 to 24:00 on March 12, 1412 new local confirmed cases were reported in the province, including Changchun City, Jilin City, Yanbian Prefecture and Siping City, and 744 new local asymptomatic infections in the province. among them, Jilin City has 697 cases, Changchun City 42 cases, Yanbian Prefecture 3 cases, Siping City 1 case and Meihekou City 1 case. The above infected persons have been transferred to designated medical institutions for isolation and treatment, and close contacts and sub-close contacts of the above personnel have been tracked and checked, and control has been implemented.

  FAW Group 2022-03-13
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  Another established car company is unable to sustain and plans to withdraw from the automobile market by selling assets.

  On September 17, Tianjin FAW Xiali Automobile Co., Ltd. (hereinafter referred to as "FAW Xiali") issued the report on the sale of major assets and the issuance of shares to purchase assets and raise supporting funds and related party transactions. According to the report, the overall plan of the transaction includes four parts: free transfer of shares of listed companies, sale of major assets, issuance of shares to purchase assets and raising supporting funds. According to the report, FAW car Co., Ltd. plans to transfer its 697620651 shares of FAW Xiali to China Railway Materials Co., Ltd. In addition, FAW Xiali plans to sell its holdings except Xin'an Insurance 17.5.

  FAW Xiali 2020-09-18
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  Xu Liuping: China's auto market is strong enough to keep negative growth without affecting FAW.

  According to data from the China Automobile Association, automobile production and sales completed 18.149 million and 18.371 million respectively from January to September, with production and sales down 11.4% and 10.3% respectively compared with the same period last year. China's automobile production and sales are in a depressed environment, FAW Group's production and sales have also been affected to a certain extent. From January to September, FAW Group's automobile production and sales were 2.41 million and 2.461 million respectively, down 3.4 per cent and 3.7 per cent from the same period last year. At the third China Enterprise Reform and Development Forum, Xu Liuping, chairman of China first Automobile Group Co., Ltd., said that although China's passenger car market has achieved negative growth for 18 consecutive months.

  Red Flag Xu Liuping Red Flag October sales 2019-11-04