World Brand Lab released its "China's 500 Most Valuable Brands 2016" (13th edition) list in Beijing on June 22. In this ranking of top Chinese brands, which is based on financial analysis, consumer behavior and brand strength, FAW Group took the ninth place with a brand value of 191.828 billion yuan (RMB), an increase of 55.549 billion yuan (RMB) compared to 2015.
Besides FAW Group, FAW's Jiefang brand and Hongqi brand ranked the 60th and 66th with 43.839 billion yuan (RMB) and 42.869 billion yuan (RMB) respectively.
FAW Group 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 two million units.