World Brand Lab released it’s “China’s 500 Most Valuable Brands 2016” (13th edition) list in Beijing on June 22nd 2016. 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 with annual sales exceeding two million units.
FAW also operates in Pakistan in collaboration with its local partner Al-Haj group. The company besides manufacturing trucks & vans, has entered the passenger car segment with its 1300cc V2 hatchback and Sirius S80 MPV available with 1300cc & 1500cc engines. The company is also working to locally assemble the 1000cc version of V2 hatchback and is considering to expand its portfolio with the B30 sedan expected to be arrived in a year or two.