All assets absorbed into FAW Group, listed shell company transferred to China Railway Materials
Successor
FAW Group
Headquarters
Tianjin
,
China
Area served
China
Products
Automobiles
Parent
FAW Group
Subsidiaries
Tianjin FAW Toyota Motor Co., Ltd. (30%) Tom Group(24%) Tianjin Tom Mitsubishi Fuso (36%) Mitsubishi Motors (42%) Mitsubishi Fuso Truck And Bus Corporation (50%).[2]
Website
www.tjfaw.com(in Chinese)
Tianjin FAW (officially Tianjin FAW Xiali Automobile Co., Ltd.) was an automobile company based in Tianjin, China and a subsidiary of FAW Group. Its principal activity was the design, development, manufacture and distribution of automobiles sold under the Xiali, Vita and Junpai marques. It was listed on the Shenzhen Stock Exchange.
Tianjin FAW was founded in 1965 and was originally considered one of the "three smalls" of the Chinese automotive industry, together with Guangzhou Honda and Beijing.[3] Tianjin FAW moved into third place in the Chinese market in 1997.[4] By 2000 they were in second place, in spite of the low quality of their products.[5] Production volumes were high due to the fact that many towns used Xiali cars as taxicabs. Many of the smaller towns in rural China had Xiali cars as taxicabs well into the second decade of the twenty-first century. Xiali parts were cheap and it was one of the cheapest cars to run in China. Due to their low running costs, Xiali cars in many towns survived as unofficial "black" taxies till well after they were replaced by other cars as legal taxies. Tianjin FAW subsequently lost market share to several new Chinese automobile manufacturers.
Amidst declining sales, the listed Tianjin FAW unit was dissolved, and its remaining assets, liabilities and employees were absorbed into various FAW Group units.[6] The listed shell company was transferred for no consideration to China Railway Materials to facilitate the backdoor listing of one of its units.
Tianjin FAW operated a joint venture with Toyota, Tianjin FAW Toyota Motor Co., Ltd., which, now under FAW Group, produces Toyota passenger cars for the Chinese market including the Avalon, Corolla, Crown, Reiz and Vios.[2]
^"天津一汽夏利更名中国铁物 转营轨道交通". December 17, 2020. Retrieved October 18, 2023.
^ ab"FAW Toyota". FAW Group. Archived from the original on June 30, 2017. Retrieved October 23, 2016.
^Komura, Chikara (2000). Hamada, Kōichi; Matsushita, Mitsuo; Kōmura, Chikara (eds.). "Policies towards automobile industries in Southeast Asia". Dreams and Dilemmas: Economic Friction and Dispute Resolution in the Asia-Pacific. Singapore: Seikei University Center for Asian and Pacific Studies, Japan: 187. ISBN 981-230-069-4.
^Lee, Chunli; Fujimoto, Takahiro; Jin, Chen. Hozumi, Toshihiko; Wohlmuth, Karl (eds.). "The impact of globalisation on the Chinese automobile industry: Policy assessments and typology of strategie" (PDF). Actes du GERPISA. After the Asian crisis: Schumpeter and reconstruction. 9 (34). Bremen, Germany: Institute for Global Economy and International Management of Bremen University: 94.
^Lee et al, p. 96
^"Former Big-Name Auto Brand Reaches End of the Road - Caixin Global". www.caixinglobal.com. Retrieved October 16, 2023.
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