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China FAW

1,600 Hongqi Vehicles Shipped to Iraq, FAW's Overseas Expansion Enters Batch-Order Stage

In early October, 1,600 Hongqi vehicles from China FAW were loaded and shipped to Iraq, covering models such as the HS3 and HS5. They were delivered as bulk orders, showing that FAW's Middle East dealership system is already capable of handling them. FAW's overseas expansion is shifting from single-vehicle trade to parallel bulk orders, local production and overseas channel building, with markets covering the Middle East, Eastern Europe, Africa and Latin America. In September, Hongqi entered the Italian market. At the same time, FAW released a new round of technology iteration roadmap, laying out frontier tracks such as solid-state batteries and automotive intelligent large models, and building four major safety capabilities. Overseas expansion and technological transformation are advancing in parallel.

2879 days ago
GAC to Acquire FAW Joint-Venture Assets via Share Issue; FAW to Become Second-Largest Shareholder

GAC to Acquire FAW Joint-Venture Assets via Share Issue; FAW to Become Second-Largest Shareholder

On September 14, 2026, GAC Group announced that it had signed a letter of intent with China FAW to acquire, by issuing shares, part of FAW's equity in an automobile manufacturing joint venture, while concurrently raising supporting funds. After the transaction is completed, FAW is expected to become GAC's second-largest shareholder, GAC's control will remain unchanged, and the transaction will constitute a major asset restructuring and a related-party transaction. GAC A-shares have been suspended from September 14, expected for no more than 10 trading days; before the suspension, they were quoted at RMB 5.09, down 37.85% year-to-date. The target's name has not yet been disclosed, and market speculation points to FAW Toyota.

68243 days ago