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GM and China FAW Group are in talks to establish a joint venture. According to the announcement of the State Administration for Industry and Commerce's official website, the name of the new company has been approved as "FAW-GM Commercial Vehicle Co., Ltd.".
According to FAW sources, GM and FAW will each hold 50% of the company's shares.
The joint venture headquarters will be located in Changchun and will have two production bases in Yunnan and Harbin. FAW produces light trucks and pick-up trucks of the “Liberation†brand at the Harbin Light Depot, a wholly-owned subsidiary in Harbin, and also manufactures “Hongta†and “Liberation†brand passenger cars and commercial vehicles at the FAW Hongta Yunnan Automobile Manufacturing Co., Ltd.
"The joint venture will retain the brand of FAW and the existing products of the Yunnan and Harbin factories will all be involved in the joint venture," the source said. FAW Harbin Light Depot and FAW Hongta will have an annual production capacity of 80,000 and 150,000 vehicles, respectively. It is said that the cooperation between GM and FAW will use the platform of FAW Hongta to set up a joint venture company. At present, the cooperation between the two parties has been submitted to the relevant national units and has not yet received final approval.
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