FAW Jiefang Group Co., Ltd

Company Profile

1. Product research and development: Four major fields, heavy, medium, and light trucks and passenger vehicles, are covered. The heavy truck sector includes eight major product platforms: J7, J6P, J6V, J6E, Yingtu, JH6, Han V, and JH5; the medium truck sector includes four major product platforms: J6G, J6L, JK6, and Dragon V; The light truck sector includes four major product platforms: Lingtu, Tiger 6G, J6F, and Tiger V; The bus sector includes highway coaches, new energy public buses, recreational vehicles, etc., with new energy products achieving comprehensive coverage across mainstream scenarios in segmented markets. With the "Jiefang Pioneering and Leading" technology brand as the flagship, and "Jiefang Zhitu," "Jiefang Lantu," and "Jiefang Yitu" as three independent innovation technology routes, the company targets "world-class" R&D capabilities. The company has established four core competencies in lean design, performance development, prototype verification, and testing validation. Five major technology platforms have been created focusing on low-carbon solutions, electrification, intelligence, connectivity, and high quality - referred to as the "four transformations and one high" approach. This forms a comprehensive development chain of styling-design-simulation-prototyping-testing that spans all levels from "complete vehicle-system-assembly-component-material," covering all R&D phases and application scenarios, fully supporting FAW Jiefang's technological leadership and product pioneering position. The Company possesses an efficient collaborative R&D team of over 3,000 personnel and is one of the commercial vehicle enterprises mastering world-class complete vehicles and three major powertrain core technologies. The company has obtained ISO9001 and IATF16949 quality system certifications and serves as a national-level independent automotive product R&D and test certification base. 2. Marketing and procurement: Adhering to customer value orientation, the Company has taken the lead in establishing a comprehensive marketing service system. The three sales companies - Changchun Medium and Heavy-duty Vehicle, Qingdao Medium and Heavy-duty Vehicle and Light Trucks - are supported by a nationwide marketing service network comprising nearly 1,000 dealers, over 1,800 service providers, and more than 200 parts suppliers (parts centers). This network covers over 260 prefecture-level cities, with a 99% coverage rate in cities with more than 1,000 vehicle capacity, and an average national service radius of 48.5 kilometers, representing an industry-leading level and providing customers with 24-hour all-weather efficient and high-quality services. The Company is committed to integrating high-quality global resources to provide a strong guarantee of the high reliability of Jiefang trucks. In recent years, the Company has become strategic partners with top enterprises at home and abroad successively, including Huawei, Knorr-Bremse, ZF, Shell, BOSCH, CATL, VOSS, China Unicom, and CATARC. 3. Production and manufacturing: The Company has the most complete manufacturing system in China, from raw materials to core components, from key assemblies to complete vehicles, and its processing and manufacturing depth ranks at the top of the industry. The Company operates five major vehicle manufacturing bases in Changchun, Qingdao, Guanghan, Liuzhou, and Foshan, with a current planned production capacity of 418 thousand vehicles. The Company maintains three major powertrain component manufacturing bases in Changchun, Wuxi, and Dalian, independently controlling the core technologies and production capabilities for engines, transmissions, and axles within the smart powertrain domain. The product competitiveness ranks at an advanced global level. Among these facilities, the Wuxi Diesel Engine Factory features three major product series: Aowei, Bowei, and Jinwei, achieving world-class manufacturing standards. The Company has deeply developed four key areas: intelligent vehicles, new energy, V2X, and aftermarket services, establishing six new business model bases in Suzhou, Nanjing, Tianjin, Shijiazhuang, Foshan, and Wuxi. 4. Overseas export: The Company actively responds to the "Belt and Road" initiative, accelerates its presence in overseas markets, and creates new avenues of growth for its business. In 2024, the Company comprehensively accelerated its commercial vehicle overseas business expansion by establishing FAW Jiefang Group International Automobile Co., Ltd. and acquiring FAW Africa Investment Co., Ltd. These strategic moves expedite the development of overseas industrial capabilities and enhance both product competitiveness and brand influence in international markets. Jiefang's products are exported to over 80 countries and regions, such as Southeast Asia, the Middle East, Latin America, Africa and Eastern Europe, and the Company has more than 100 core dealers and nearly 190 distributors in nearly 40 countries and regions around the world. Export products include models such as J7, J6P, JH6, and Tiger V. Additionally, the Company leverages its system advantages based on reality, and, through system collaboration, strives to build an overseas marketing platform of "talent+ service+ automotive+ finance". 5. New energy: Its product portfolio covers five major lines: tractors, dump trucks, cargo trucks, SPVs and passenger cars. These product lines encompass three major technological routes: EVs, FCVs and hybrid vehicles, achieving full coverage of key segment markets for new energy commercial vehicles, such as steel mills, coal and slag. The goal of product development is to meet market demand and alleviate user pain points. It focuses on achieving the "three-low and one-high" core competitiveness, which refers to low cost, low self-weight, low energy consumption and high reliability. Additionally, the Company strives to differentiate its products through the attributes of long endurance, low-temperature resistance, high intelligence, and high comfort. To achieve these goals, the Company undertakes continual iteration and upgrading of its products and technologies. In terms of core technology, the Company has achieved integration across three critical areas: vehicle architecture, vehicle control software, and assembly interface. This integration significantly improves development efficiency. The Company harnesses technologies such as efficient energy recovery and scenario-based calibration to significantly reduce energy consumption. Moreover, the application of assembly technology incorporates a dual-wheel drive system that combines independent core assemblies with external high-quality social resources, enabling complementary advantages. By continuously exploring and applying new products, technologies and processes, the Company aims to maintain a leading position in both new energy technology and new energy products in the market.