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FAW Group

288 Tianfu Road Jingyue Development Zone, Changchun, Jilin, 130011, China

Overview

FAW Group is a Chinese state-owned automotive manufacturing company. China FAW Group is a global leader in the vehicle manufacturing industry with a 50-year history of innovation. Founded in 1953, FAW employs 118,000 people around the world and sells products in over 70 countries. FAW is a diversified maker of quality light, medium, and heavy-duty trucks, automobiles, municipal buses and luxury tourist coaches, custom bus chassis, and mini-vehicles with total sales in excess of 7 million vehicles worldwide. FAW maintains the lead market position within China while continuing to expand into new international markets, executing a carefully planned strategy to build a comprehensive global organization. FAW produced China's first Jiefang commercial truck in 1956, and in the year 1958, China's first Dongfeng car and first Hongqi luxury sedan rolled off the production. Since then, FAW has been at the forefront of promoting China's automotive industry. FAW has 16 wholly owned subsidiaries and controlling interest in 15 partially owned subsidiaries including FAW Foundry, with headquarter in Changchun, Jilin Province. FAW's domestic production facilities, subsidiaries, and engineering development and test centers are located in 18 locations throughout China.

Total investments
4
Lead investments
2
Investments · 12mo
2
Active investors
1

Sector focus

  • Automotive
  • Autonomous Vehicles
  • Manufacturing
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Investment portfolio

  • Leapmotor

    Led · Equity · Dec 2025

    Leapmotor is a Chinese electric-vehicle maker backed by global automaker Stellantis. The company designs and manufactures EVs and is listed in Hong Kong, giving it access to capital markets for continued expansion. CEO and founder Zhu Jiangming has set ambitious sales targets of one million vehicles per year by 2026 and 4 million vehicles annually within ten years. These objectives place Leapmotor among the most aggressive growth stories in China's rapidly evolving EV sector. The firm recently attracted new strategic capital from state-owned automaker FAW, underscoring strong domestic support. The fresh funding strengthens Leapmotor’s balance sheet as it scales production and competes with peers such as BYD, Xpeng, and Xiaomi in both domestic and future international markets.

  • Zhuoyu Technology

    Led · Equity · Nov 2025

    Zhuoyu Technology specializes in software-defined ADAS and high-level autonomous-driving solutions that are already deployed on multiple production vehicles. Its technology stack includes proprietary inertial-navigation visual systems that fuse binocular bio-inspired imaging with long-focus monocular sensors to enhance long-range perception and obstacle handling. The company’s algorithms run on Qualcomm’s SA8650P platform, delivering roughly 200 TOPS of sparse computing power for smoother, more human-like assisted-driving functions such as automated parking, highway navigation and city-level navigation. Commercial traction is evidenced by integrations on Hongqi’s TianGong 08, 05, 06, the 2025 EH7 and HS6 PHEV, as well as programs with SAIC-GM-Wuling, Chery, FAW-Volkswagen, Great Wall Motor and BAIC. Zhuoyu maintains an independent operating structure and management team while deepening strategic collaborations with automakers. Following its latest financing, the company’s valuation exceeds 10 billion yuan, underscoring growing industry confidence in its scalability. Existing shareholders include New Territory Technology Company Limited, BYD, Hengxu Capital and BAIC Capital, complementing its new strategic backer FAW Group.

  • Pateo

    Participated · Equity · Mar 2024

    PATEO focuses on developing next‑generation intelligent integrated domain control products, including smart cockpits, autonomous‑driving domain controllers, automotive‑grade chips, high‑performance central computing platforms (CCP) and display modules. The company plans to invest proceeds in full‑stack technological innovation, cabin‑driving fusion solutions and building an integrated smart manufacturing and supply chain system across the Yangtze River Delta with Shanghai as its axis, plus planning for a future Lighthouse Factory. It recently secured approximately ¥1.5 billion in new equity financing and signed a ¥19 billion credit and strategic cooperation agreement with seven state‑owned banks. PATEO has invested nearly ¥2 billion in R&D to date and has accumulated 6,692 intellectual property rights, 83% of which are invention patents, ranking first in China’s intelligent automotive connectivity patents. The article notes the company has completed multiple prior equity rounds and attracted strategic investors and industry partners as it expands internationally and wins overseas orders.

  • BYTON

    Participated · Series B · Jun 2018

    Byton is a China-based electric-vehicle startup building the M-Byte, an SUV centered on a 48-inch wraparound digital dashboard called the “Byton Stage.” The company is assembling a content and services ecosystem for the dashboard via partnerships with ViacomCBS, AccuWeather, Xperi, Aiqudo, Cloud Car, Road.Travel and Access Twine. The M-Byte is slated for volume production later this year at Byton’s Nanjing factory and is priced at $45,000; launches are planned in China (H2 2020), the U.S., and early European markets (H1 2021). Byton is also developing stationary energy storage systems based on the M-Byte battery technology to be manufactured at its Nanjing battery assembly line. The company weathered a tumultuous year that included the departure of co-founder Carsten Breitfeld and fundraising challenges, but says it has secured new Series C investors. Byton develops smart, connected all-electric vehicles and showcased an all-electric SUV concept at the Consumer Electronics Show. The company is building both traditional automotive R&D and internet-enabled vehicle features and has an R&D center in Santa Clara, California. It opened a new headquarters in Nanjing, China to support production and operations. Byton has partnered with autonomous vehicle startup Aurora, which will power Byton’s autonomous driving features via a pilot deployment in the next couple of years. The company plans to roll out its first batch of prototypes in April 2019 and aims to launch a mass-produced model in Q4 2019. The recent capital raise is intended to fund development of its smart mobility products and commercialization plans.

Team

  • Liuping Xu

    Chairman & Party Secretary