FAW Highlights Future R&D
FAW Group recently announced several forthcoming mid- and long-term design and engineering initiatives, outlining some of the company's product development strategies that will play a major role during the 2008-2020 period.
FAW Group, which has historically attached great importance to innovation through substantial R&D investment, will spend 13 billion Yuan (US$1.7 billion) over the next eight years to enhance its competitiveness in the automobile, commercial truck, and bus sectors. Of that amount, approximately 8.8 billion Yuan will be utilized specifically for the development of new products. Another 2.5 billion Yuan will be spent upgrading R&D-related software and hardware, while 1.7 billion Yuan will go towards funding over 200 new research and development projects", said Zhu Yanfeng, president of FAW Group.
Key technologies targeted by the company for advanced research include Gasoline Direct Injection (GDI) applicable to passenger cars; High Pressure Injection (HPI), Unit Injection (PDE), and Variable Geometry Turbocharging for commercial trucks and buses; and automotive electronics.
The FAW Group Engineering Development and Test Center, China's largest and most extensive automotive R&D facility, is the country's leader in automobile and commercial vehicle research. It stands alone in China in possessing both cold and semi-tropical weather vehicle test facilities.
FAW Group is a leading global manufacturer of quality passenger cars, trucks, and buses. Established in 1953, the company is China's oldest and largest automotive group. Annual sales exceed one million units.
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