On July 14, FAW Group Cooperation (FAW) and Toyota Motor signed a framework agreement on further deepening strategic cooperation in Changchun.

This year marks the 70th anniversary of the founding of FAW and the 20th anniversary of the strategic cooperation between FAW Group and Toyota Motor. By the end of 2022, FAW Toyota Motor Co., Ltd, a joint venture between FAW Group and Toyotor Motor, has seen its cumulative sales hit the significant 10 million-unit milestone. Looking forward, the two parties will continue to deepen strategic cooperation, strive to expand and improve new platforms and mechanisms of cooperation, so as to make greater contributions to the causes of the two companies as well as the economic and social devleopment. 

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.