July 15, 1953, the first in China Automotive Corporation has registered its name First Automobile Works (FAW), which marked the beginning of the creation of the first automotive plant, and gave a powerful impetus to the beginning of the development of the automotive industry in China. During his fifty-year history, FAW Corporation made a number of important steps aimed at development of the industry in the country. Since the first day to the present day, FAW Corporation is a leader in the Chinese automotive industry. Despite the fact that initially the FAW Corporation began its operations only as a manufacturer of trucks, later she won the sector of low-power cars and trucks. In 1991, working in close cooperation with Volkswagen AG, FAW creates and implements new production capacity with an annual capacity of more than 150, 000 units. In 2002, the merge FAW and Tianjin Automobile Industry Group Corporation, which gives rise to a joint industrial ventures and cooperation c Toyota Motor Corporation. Currently in production strategy FAW has a strong emphasis on the production of cars at the same time while maintaining a dominant position in the industry of trucks. FAW Corporation owns 30 subsidiaries, and FAW controlling interest in 16 partially owned by its subsidiaries. Among them: FAW Jiefang Automobile Co., Ltd. and FAWER Automobile Parts Co., Ltd, which are wholly owned by the Corporation; Tianjin FAW Xiali Automobile Co., Ltd and Changchun FAW Sihuan Automobile Co., Ltd, whose shares were sold on the stock exchange; FAW Volkswagen Automobile Co., Ltd and Tianjin FAW Toyota Motor Co., which are associations of undertakings Sino-foreign. FAW products supplied as through the northern Chinese city of Tianjin, the northern provinces of Julin and Heilongjiang, and through the eastern province of Shandong, and south-western province of Sichuan. The corporation also includes FAW center for the development of new technologies, materials and products. Total assets of the Corporation FAW exceed 106.2 billion yuan, which leaves about 12.8 million US dollars in enterprises corporation employs more than 124,000 employees. FAW Corporation develops its production lines in six different directions of production vehicles including few tons, cars, buses and subcompact, with total sales of more than 6 million vehicles. FAW Corporation plans to maintain its leadership position in the domestic market, developing in parallel promotion of its products to new international markets, implementing a carefully planned strategy to build an extensive global sales and procurement systems. FAW Corporation is guided by the realization of a dream “every Chinese family – the car,” and central to the values of the Corporation hold the desire to create not just a “first car”, but “first partner” and the priority relation to his client. Employees FAW Corporation diligently working to achieve new heights Corporation using the latest scientific and technical achievements. The Corporation aims to become a company, not just a leader in the auto industry, but produces no less than one million vehicles, and holds a strong position in the international market.