The brand value of “FAW” reached 429.157 billion yuan, ranking the ninth place on the list of "China's 500 Most Valuable Brands 2023", which was released at the 20th World Brand Summit by the World Brand Lab on June 15 in Beijing. In addition, the brand value of “FAW” has ranked first among Chinese automobile brands for twenty consecutive years.

Moreover, the brand value of “Hongqi” and “Jiefang” reached 115.529 billion yuan and 118.776 billion yuan, ranking first places in China’s car brands and commercial vehicle brands, respectively. 

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.