FAW will plan to invest 2.1 billion Yuan in three projects to boost its capacity and competitiveness. The investment would enable it to produce more join-venture brands’ vehicle.

First Automobile Works, commonly known as FAW, broke ground and laid the foundation stone for what would be the beginning of China's automobile, truck, and bus industry. FAW Group is a global leader in the vehicle manufacturing industry with a 50-year history of innovation. Founded in 1953, it employs 133,000 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.