[FAW] News & Updates

GAC to Buy FAW's Joint-Venture Stake via Share Issue, FAW to Be Second-Largest Shareholder

GAC Group announced on the evening of September 14 that it plans to acquire, through the issuance of shares, part of the equity in a vehicle joint venture held by FAW Co., with the market speculating the target is FAW Toyota; after the transaction, FAW Co. may become GAC's second-largest shareholder. On September 15, GAC's H shares resumed trading and rose more than 12% in the call auction to HK$2.62, giving it a market value of HK$51.034 billion. Experts estimate that the consideration for roughly 25% of FAW Toyota's equity is about 20 billion yuan, requiring GAC to issue more than 4 billion shares. From January to August 2026, FAW Toyota's retail sales totaled 379,000 vehicles, down 26.4% year on year, while GAC Toyota sold 447,000 vehicles, down 10% year on year.

35722 hours ago

All-Solid-State Battery Safety Myth Shattered? Industry Experts Urge Consumer Rationality

All-solid-state batteries have been widely regarded as the "ultimate solution" for power batteries by both industry and consumers, but their safety profile may be more complex than imagined. At the 2026 China Automotive Forum, FAW Group chief scientist Wang Deping issued a sober warning: once thermal runaway occurs in all-solid-state batteries, the consequences can be extremely severe. Academician Ouyang Minggao of the Chinese Academy of Engineering went further, telling consumers there is no need to wait for all-solid-state batteries. Japan's JISC released JIS C 8905-2 in May 2026, introducing mandatory thermal runaway propagation testing for solid-state batteries, while IEC 63254 entered CDV voting in April. Meanwhile, not a single vehicle claiming to use "solid-state batteries" in the 2026 market is actually "all-solid-state."

37845 days ago

8th FAW Hongqi Carnival Opens: 70 Years of Heritage Ignites New Journey

The 8th China FAW Hongqi Carnival opened in Changchun, marking the 70th anniversary of China's first automobile rolling off the production line. The event gathers industry innovations and builds a platform for open cooperation, showcasing China's automotive industry transformation from its origins to global expansion.

47266 days ago

23rd Changchun Auto Expo Opens: 200,000 sqm, 100+ Brands, 500,000 Visitors Expected

The 23rd Changchun International Auto Expo opened on July 11 at the Changchun Northeast Asia International Expo Center. With the theme "Moving Forward, Together," the exhibition covers 200,000 square meters, bringing together 53 major domestic and international OEMs and over 100 brands. Coinciding with the 70th anniversary of China's first domestically produced vehicle, the expo adopts an innovative four-dimensional model of "main venue + sub-venue, offline exhibition + online cloud exhibition," expecting to attract over 500,000 visitors. BYD, NIO, Geely, and other new energy brands debuted more than 20 new models in the Northeast region for the first time.

38567 days ago

Hongqi Solid-State Battery Hits 400Wh/kg, Range to Exceed 1,000km

FAW Group's R&D Academy held a technology open day in Changchun, showcasing core technologies including solid-state batteries, drive-by-wire chassis, and advanced intelligent driving. The solid-state battery achieves an energy density of 400Wh/kg, with vehicles expected to deliver over 1,000km of range. Hongqi plans to launch multiple new NEV models on an all-new platform in H2, targeting over 60% NEV share.

60967 days ago

FAW Yueyi 08 Launching July 12: From $14,500, Flagship EV Sedan Arrives

The FAW Yueyi 08 flagship sedan launches July 12 with pre-sale prices of 104,900-144,900 yuan across 6 variants. It offers pure electric and range-extended powertrains, plus an 8295P cockpit chip and LiDAR. Dimensions are 4920×1920×1475mm with a 2900mm wheelbase. Electric range is 565/650km; the range-extended variant delivers 240km electric plus 1765km total range.

54675 days ago

New Energy Heavy Trucks Sell 104,000 in Jan-May, Penetration Exceeds 31%

From January to May 2026, China sold **104,000** new energy heavy trucks, with market penetration exceeding **31%** for the first time. Under the guidance of the "New Energy Vehicle Promotion and Application Implementation Plan" jointly issued by 11 departments, new energy heavy trucks are accelerating transformation from policy-driven to market-driven. At the current growth rate, the industry is

38987 days ago

FAW

GAC to Buy FAW's Joint-Venture Stake via Share Issue, FAW to Be Second-Largest Shareholder

All-Solid-State Battery Safety Myth Shattered? Industry Experts Urge Consumer Rationality

8th FAW Hongqi Carnival Opens: 70 Years of Heritage Ignites New Journey

23rd Changchun Auto Expo Opens: 200,000 sqm, 100+ Brands, 500,000 Visitors Expected

Hongqi Solid-State Battery Hits 400Wh/kg, Range to Exceed 1,000km

FAW Yueyi 08 Launching July 12: From $14,500, Flagship EV Sedan Arrives

New Energy Heavy Trucks Sell 104,000 in Jan-May, Penetration Exceeds 31%

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