FAW Jiefang plans to establish wholly-owned subsidiaries in 8 countries overseas, with a total investment of 498 million yuan.

On July 1st, FAW Jiefang held the 27th meeting of the tenth board of directors, deliberating and approving the "Proposal on Establishing New Overseas Subsidiaries". In order to comprehensively implement the overseas industrial strategic plan of FAW Jiefang and accelerate the localization operation of overseas subsidiaries, FAW Jiefang plans to invest and establish wholly-owned subsidiaries in Uzbekistan, Indonesia, Vietnam, Saudi Arabia, Mexico, and 3 other countries, with a total investment of 498 million RMB.