FAW Group Corporation (FAW) signed a strategic cooperation framework agreement with China Taiping Insurance Holdings Company Limited (China Taiping), the longest-operating national insurance brand in Chinese history and the only state-owned financial enterprise that has its management headquarters overseas, at the headquarters of FAW in Changchun, Jilin province on Sep 29.
According to the agreement, FAW and China Taiping will fully leverage their respective strengths for closer cooperation in mobility services, international businesses and other fields.
FAW is a leading global manufacturer of quality passenger cars, trucks, and buses. Established in 1953, the company is China’s oldest and largest automotive group. Annual sales exceed three million units.