Changchun Faway Automobile Components Company

What Changchun Faway Automobile Components Company does

Changchun Faway Automobile Components Company (长春一汽富维汽车零部件股份有限公司) is a Chinese automotive components manufacturer and a publicly listed subsidiary of FAW Group Corporation (中国第一汽车集团公司), China's largest state-owned automaker. Founded on June 8, 1993 under the name Changchun FAW Sihuan Automobile Shares Co., Ltd. and listed on the Shanghai Stock Exchange on August 26, 1996, the company restructured in 2000 to specialize exclusively in automotive components and was renamed to its current identity in December 2008. It operates four core product lines — automotive interior systems (seats, dashboards, door panels, headliners), exterior systems (bumpers, lighting, mirrors), automotive electronics, and wheels — across six manufacturing bases in Changchun, Chengdu, Chongqing, Foshan, Qingdao, and Tianjin.

The company's technical platform rests on injection molding, coating, stamping, and wheel design with finite element analysis; ten documented core interior-manufacturing technologies spanning surface forming, foam, cut-and-sew, and seat assembly; and proprietary offline-programming capability for coating that reportedly halves new-product programming time. It has built an R&D organization of approximately 2,600 technical personnel (10 PhDs, 200+ Master's, 2,000+ Bachelor's, ~400 senior-titled experts) and holds national wheel-testing qualification certified by Volkswagen AG. Its automotive electronics JV develops application-layer software on a Johnson Controls operating system.

Faway generates revenue through direct OEM supply contracts on a B2B basis, with pricing structured via quote-based procurement rather than public disclosure. The company's distribution is overwhelmingly concentrated on its parent FAW Group and FAW-affiliated joint venture brands (FAW Toyota, FAW-Volkswagen). To access global Tier-1 technology and serve broader OEM demand, Faway has assembled a network of 50%-owned joint ventures with Johnson Controls/Adient (interiors, seat frames), Toyota Textile (interiors for FAW Toyota), Visteon/Valeo (electronics), Hella (lighting), Mann+Hummel (filters), Taiwan Dongyang (bumpers), and Mekra Lang (mirrors), alongside wholly-owned subsidiaries for wheels, stamping, and decorative trim. The two capital raises on record — a 1998 rights issue for RMB 103.194 million and a 2000 rights issue for RMB 424.926 million — funded technology transformation and the strategic acquisition of FAW's truck and wheel factories.

Name

Changchun Faway Automobile Components Company

Legal name

长春一汽富维汽车零部件股份有限公司

Website

https://fawfw.com.cn

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Changchun Faway Automobile Components is a Chinese automotive parts manufacturer and FAW Group subsidiary producing interior, exterior, electronics, and wheel components for FAW-affiliated OEMs across six Chinese manufacturing bases.

Ownership category

akta.pro rank

Product category

Automotive Components Manufacturing

NAICS

Motor Vehicle Parts Manufacturing (3363), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632)

SIC

Motor Vehicle Parts & Accessories (3714)

akta.pro primary industry

Automotive Interior Trim & Cockpit Components Manufacturing (Dash/Console/Door Panels/Headliners) (IMACAKAB)

Keywords

• Automotive components manufacturing
• Automotive interior systems
• Automotive exterior parts
• Automotive electronics design
• Automotive wheel products

Headquarters

HQ city

Changchun

HQ country

China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Automotive Components Manufacturing & Sales: Design, development, manufacturing and sales of automotive components including interior systems, exterior systems, automotive electronics, and wheels. Revenue is generated from direct OEM supply contracts with FAW Group and other automotive manufacturers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Changchun Faway designs, develops, manufactures, and sells automotive components across four core product lines: interior systems (dashboards, door panels, headliners, seats), exterior systems (bumpers, headlights, mirrors), automotive electronics, and wheels (section steel, flow forming, and passenger car series). The company operates as a first-tier supplier directly to FAW Group and other automotive OEMs, with manufacturing executed across wholly-owned subsidiaries and joint ventures in multiple Chinese cities.

Product overview

Changchun Faway Automobile Components Company (长春一汽富维汽车零部件股份有限公司) is a traditional automotive components manufacturer providing four core product lines: automotive interior (仪表板、门板、顶棚、座椅), automotive exterior (保险杠、车灯、后视镜), automotive electronics (电子零部件), and wheels (车轮). The company operates as a manufacturing supplier with subsidiary companies producing stamping parts, molds, and specialized components. Founded in 1993 and renamed in 2008, the company focuses on original equipment manufacturing for FAW Group and other automotive manufacturers, supported by technology capabilities including finite element analysis, injection molding, painting, and seat assembly.

Differentiator

Problem solved

Functional benefit

Products and services

• Automotive Interior (汽车内饰)

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

13 partnerships are on record, tiered minor and core.

• Changchun FAW VALIN Huawei Mould Co., Ltd. (长春一汽富维华威模具有限公司)minorStrategic or Co-development Partner · 1 January 2014Joint venture established January 2014 with Changzhou Huawei Mould Co., Ltd. for design, development, testing, production, and sales of plastic mold products.
• Changchun FAW Hella Automotive Lighting Co., Ltd. (长春一汽富维海拉车灯有限公司)coreStrategic or Co-development Partner · 7 March 2012Established March 2012 for automotive lighting (headlights) manufacturing, jointly with Hella.
• Changchun FAW Toyota Textile Automotive Trim Co., Ltd. (长春富维丰田纺织汽车饰件公司)coreStrategic or Co-development Partner · 6 September 2010Established September 2010 for automotive interior trim serving Toyota.
• Chongqing Yanfeng Visteon FAW-VALIN Automotive Exterior Co., Ltd. (重庆延锋彼欧富维汽车外饰有限公司)coreStrategic or Co-development Partner · 20 May 2010Joint venture established May 2010 for automotive exterior parts manufacturing in Chongqing.
• Changchun FAW JOHNSON Controls Automotive Electronics Co., Ltd. (长春富维江森自控汽车电子有限公司)coreStrategic or Co-development Partner · 10 February 2010Established February 2010 for automotive electronics manufacturing. Renamed Changchun FAW Valeo Electronics Co., Ltd. in July 2014.
• Changchun FAW VALIN Gaoxin Automotive Trim Co., Ltd. (长春一汽富维高新汽车饰件有限公司)minorStrategic or Co-development Partner · 26 January 2010Established January 2010 as a subsidiary for automotive trim products.
• Yanfeng Visteon (成都一汽富维延锋彼欧汽车外饰有限公司)coreStrategic or Co-development Partner · 3 November 2009Joint venture established November 2009 for automotive exterior parts manufacturing in Chengdu.
• FAW JOHNSON Controls (长春一汽富维江森自控汽车金属零部件有限公司)coreStrategic or Co-development Partner · 1 November 2007Established November 2007 to produce automotive seat frames.
• Mekra Lang (德国梅克朗公司)minorStrategic or Co-development Partner · 4 December 2003Joint venture established December 2003 to produce automotive mirrors under Changchun FAW Mekra Lang Automotive Mirror Co., Ltd.
• Toyota Textile (日本丰田纺织公司)coreStrategic or Co-development Partner · 16 April 2003Joint venture established April 2003 to produce automotive interior products serving FAW Tianjin Toyota, under Tianjin Yintai Automotive Trim Co., Ltd.
• MANN+HUMMEL (德国曼·胡默尔公司)coreStrategic or Co-development Partner · 30 January 2003Joint venture established January 2003 to produce automotive filters under Changchun MANN+HUMMEL Filter Co., Ltd.
• Taiwan Dongyang (台湾东阳公司)coreStrategic or Co-development Partner · 29 January 2003Joint venture established January 2003 to produce automotive bumper products under Changchun FAW Dongyang Plastic Products Co., Ltd.
• FAW-JOHNSON Controls (长春富奥-江森自控饰件系统有限公司)coreStrategic or Co-development Partner · 1 April 2002Acquired 50% equity stake in April 2002 to establish automotive interior product platform, including seats, dashboards, and door panels.

Scale indicators3 records

Recent moves17 records

Expansion highlights3 records

Broad incumbents

• Adient: Global leader in automotive seating spun out from Johnson Controls — Faway's JV partner in seat frames and interiors. Comparable as a benchmark for the seating/interiors business and a relevant counterparty given Faway's Johnson Controls heritage.
• Hella: German automotive lighting and electronics supplier (now part of FORVIA) and Faway's JV partner in the Changchun FAW Hella Automotive Lamp joint venture. Comparable as a global lighting incumbent partnered with Faway and competing in headlamp systems.
• Magna International: Canadian global Tier 1 supplier with major presence in exteriors, seating, mirrors, lighting, and powertrain. Comparable as a broad incumbent competing with Faway across multiple product categories and offering a model for JV-based market entry into China.
• Faurecia: French global Tier 1 supplier (now part of FORVIA) focused on seating, interiors, cockpit electronics, and clean mobility. Comparable as a global benchmark for interior systems and automotive electronics, and a direct competitor in cabin electronics via its Hella/Marelli-aligned technology stack.

Direct peers

• Huayu Automotive (HASCO): SAIC Motor's automotive components arm and China's largest domestic auto parts group, providing interiors, exteriors, electronics, and powertrain parts to SAIC and other OEMs. Directly comparable as a major Chinese OEM-affiliated Tier 1 supplier with a diversified multi-category portfolio.
• Lingyun Industrial: Chinese automotive parts manufacturer specializing in body-in-white structural parts, sealing systems, and interior/exterior components with a broad Chinese OEM customer base. Comparable as a diversified Chinese Tier 1 with overlapping interior and exterior product categories.
• Joyson Electronics: Chinese automotive safety and electronics supplier (parent of KSS and Evana) producing airbags, steering wheels, cockpit electronics, and driver monitoring systems. Comparable as a Chinese-listed auto parts company with strong electronics and interior electronics overlap with Faway's portfolio.
• Weifu High-Technology: Chinese auto parts manufacturer specializing in fuel injection systems, automotive electronics, and exhaust after-treatment components with strong R&D capabilities and listed on the Shenzhen Stock Exchange. Comparable as a Chinese listed automotive components specialist serving multiple OEMs.
• Minth Group: Chinese-listed global Tier 1 automotive exterior and interior components supplier headquartered in Ningbo, producing body panels, decorative trim, and battery enclosures. Comparable as a major Chinese Tier 1 with international footprint in exteriors and interiors.
• Ningbo Huaxiang Electronic: Chinese automotive interior parts manufacturer supplying instrument panels, door panels, and console systems to OEMs. Directly comparable as an interior trim-focused Chinese components supplier competing in the same cabin product category as Faway.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Changchun Faway Automobile Components Company