China FAW Group Co.,Ltd. (FAW), one of China’s oldest and largest automobile manufacturers, was named the number one brand in China’s automobile industry and the 9th most valuable brand in the country, according to the Top 500 Most Valuable Chinese Brands 2020, released by the World Brand Lab in Beijing on Aug 5.
According to the list, FAW becomes the only automobile company at the Top 10 list with the brand value of 338.556 billion yuan. FAW has ranked first in China’s automobile industry for 17 consecutive years.
In recent years, FAW has made headway in intelligent connected vehicles and mobility services, and made active explorations in autonomous driving, internet and intelligent technologies, digital marketing as well as deepen cooperation with partners inside and outside of automobile industry. In the future, FAW will continue to advance business innovation by promoting digital transformation, including customer and behavior digitalization, business digitalization, product and service digitalization, and basic digitalization.
FAW is a leading global manufacturer of quality passenger cars, trucks, and buses. Established in 1953, the company is China’s oldest and largest automotive group. Annual sales exceed three million units.