A delegation from First Automotive Works (FAW), a global leader in vehicle manufacturing for 60 years, visited Qingdao on May 24, the Qingdao Daily reported.

Li Qun, secretary of Qingdao municipal Party committee, said that Qingdao is striving to upgrade industries and set up 100-billion-yuan industrial chains, including automobile manufacturing.

Li added that FAW’s factory in Qingdao is significant to boost the city’s manufacturing industry.

FAW’s President Xu Ping said that FAW chose Qingdao in view of long-term development. It will endeavor to become an industry model.

FAW Group Corporation is headquartered in China's northern city of Changchun, Jilin province. Founded in 1953, FAW employs 120,000 people around the world and sells products in over 70 countries.

As a Chinese state-owned automotive corporation, the company's total assets are valued at 244.575 billion yuan ($39.45 billion).

FAW is a diversified maker of quality light, medium, and heavy-duty trucks, automobiles, municipal buses and luxury tourist coaches, custom bus chassis, and mini-vehicles.