Fawer Intelligent Suspension System (Changchun) Co., Ltd. was established

Fawer Intelligent Suspension System (Changchun) Co., Ltd. was recently established with a registered capital of RMB 200 million. The legal representative of the company is Wang Mingyu, and its main business includes the manufacturing, research and development, remanufacturing and retail of auto parts and accessories. The company is jointly held by Fawer Auto Parts Co., Ltd. and FAW Equity Investment (Tianjin) Co., Ltd., a wholly-owned subsidiary of China First Automobile Group Co., Ltd.