FAW is the oldest Chinese carmaker.China's first plant for the production of cars, created with Soviet assistance, began work in Changchun in 1953. FAW Corporation owns 28 subsidiaries, one hundred percent control of shares and 18 partially owned subsidiaries, with shareholding of more than 50%. Among them: FAW Jiefang Automobile Co., Ltd. FAW Jiefang Automobile Co., Ltd, FAW car Co., Ltd, Tianjin FAW Xiali Automobile Co., Ltd, FAW Volkswagen Automobile Co., Ltd., FAW Toyota motor Co., Ltd����� sales of FAW different types of cars reached more than 24 million, and profit amounted to more than $ 100 million.