FAWER Automotive Parts Limited Company

FAWER Automotive Parts Limited Company, abbreviated as "FAWER," is a prominent auto parts manufacturing group in China, established in 1998 and listed on the Shenzhen Stock Exchange in 2013. The company primarily focuses on the research and development, production, and sales of a wide range of auto parts. As a mixed ownership enterprise, FAWER has developed significant advantages in enterprise scale, product diversity, and research capabilities, positioning itself as a key player in the domestic automotive parts market. FAWER's operations encompass various business lines, including chassis systems, thermal systems, new energy components, intelligent network products, and safety systems. The company serves a broad customer base, supplying parts to major domestic automotive manufacturers such as FAW-VW and FAW-Toyota, while also expanding its presence in international markets. FAWER is actively pursuing joint ventures with leading global parts companies and is committed to innovation in lightweight, electrification, and intelligent automotive technologies, aiming to enhance its competitive edge and market share in the evolving automotive landscape.

In 1998, as a wholly-owned subsidiary of China FAW Group Corporation (hereinafter referred to as "FAW Group"), the company was the first one to be divested from FAW Group and to face the market independently. 2007, the company was restructured as a state-owned enterprise and private capital was introduced, with management holding shares. 2012, Jilin Provincial State-owned Assets Supervision and Administration Commission invested in the company and became the actual controller. In 2013, the company was listed through a shell company. Since its establishment, the market-oriented mechanism has been continuously improved, the modern enterprise system has been gradually established, the mechanism of mixed ownership is fair and robust, flexible and efficient, and the operating performance and development vitality have been continuously enhanced. Market advantage. As a core strategic resource of FAW Group parts, the company's products follow the transformation and upgrading of customers, continue to increase market share, increase the variety of supplying products, and through the price analysis and control of the whole process of product life cycle, improve the competitiveness of products and create cost-effective products for customers. In recent years, the company has significantly increased the proportion of external sales and gradually optimized its market structure. In the field of new energy, the company focuses on high-quality new energy customers based on the customer business rating system, laying a solid foundation for further optimization of the company's future market structure and product structure transformation. Product advantages. The company follows the development trend of the "new four" technology of automobiles and focuses on the product development direction of "light weight, electrification, intelligence and networking" under the guidance of “the 14th Five-Year Plan". By focusing on the product development direction of "lightweight, electrification, intelligence and networking" and highlighting the construction of independent R&D capability, the company has rapidly realized the expansion and optimization of its product series through the two paths of "transformation and upgrading" of existing products and "new layout" of new products. In terms of lightweight, the company has independently developed and invested in the construction of low-pressure casting aluminum alloy subframe chassis lightweight project and high-pressure casting aluminum alloy housing project, further deepening the depth of product manufacturing; in terms of commercial vehicles, the company is also actively carrying out lightweight and upgrading, and continues to promote the development of aluminum alloy drive shaft, less pieces and single leaf spring, composite plate spring and other products. In the area of electrification, the company continues to promote the transformation and upgrading of the original products, electronically controlled damper has achieved mass production, and pre-study of semi-active suspension (including air springs) and full active suspension; C-EPS and DP-EPS electric steering products have also achieved mass production, R-EPS redundant electric steering and pre-study of wire-controlled steering in development; electric water pump products have achieved delivery to major customers. While promoting the transformation and upgrading of the original products, we are actively expanding the new product series. The company has focused on the layout of inverter products for electric vehicle electric drive assembly, and has built inverter manufacturing resources of international first-class standards with the VW MEB platform inverter and the Red Flag inverter project as carriers; established the FAWER Intelligent Energy Company to layout the new business of recovery and echelon use of retired batteries for new energy vehicles, and the company has now entered the list of enterprises with standardized conditions for comprehensive utilization of waste power battery industry appointed by the Ministry of Industry and Information Technology of the People's Republic of China; we have invested in the establishment of FAWER Xinchuang Company to add new battery housing products and have entered the market of CATL. In terms of intelligence and network connectivity, Fusai focuses on three business segments: autonomous driving, intelligent cockpit and network connectivity services. After the establishment of the company, it has quickly obtained sufficient new project orders, and products such as cameras and displays have been officially delivered in bulk to customers, realizing the rapid development of the company's scale, while continuing to increase investment in R&D, quickly setting up R&D centers in Changchun and Dalian and gradually forming independent Self-directed R&D capability. Strategic advantage of cooperation with world leading parts suppliers. Maintaining long-term and stable strategic relationships with international component companies not only accumulates rich experience in international operation and management, promotes product optimization and cultural integration, but also provides a platform and opportunities for continuous deep integration into the international industrial environment and extensive and in-depth cooperation in new areas in the future.