Tianjin FAW Toyota Motor Co., Ltd. (30%) Tom Group(24%) Tianjin Tom Mitsubishi Fuso (36%) Mitsubishi Motors (42%) Mitsubishi Fuso Truck And Bus Corporation (50%).[2]
Tianjin FAW Xiali Automobile Co., Ltd. was an automobile company based inTianjin, China and a subsidiary ofFAW Group. Its principal activity was the design, development, manufacture and distribution of automobiles sold under the Xiali, Vita and Junpai marques. It was listed on theShenzhen Stock Exchange.
Tianjin FAW was founded in 1965 and was originally considered one of the "three smalls" of the Chinese automotive industry, together withGuangzhou Honda andBeijing.[3] Tianjin FAW moved into third place in the Chinese market in 1997.[4] By 2000 they were in second place, in spite of the low quality of their products.[5] Production volumes were high because many towns used Xiali cars as taxicabs. Many of the smaller towns in rural China had Xiali cars as taxicabs well into the second decade of the twenty-first century. Xiali parts were cheap and it was one of the cheapest cars to run in China. Due to their low running costs, Xiali cars in many towns survived as unofficial "black" taxies till well after they were replaced by other cars as legal taxies. Tianjin FAW subsequently lost market share to several new Chinese automobile manufacturers.
Amidst declining sales, the listed Tianjin FAW unit was dissolved, and its remaining assets, liabilities and employees were absorbed into variousFAW Group units.[6] The listed shell company was transferred for no consideration toChina Railway Materials to facilitate thebackdoor listing of one of its units.
Tianjin FAW operated a joint venture withToyota, Tianjin FAW Toyota Motor Co., Ltd., which, now underFAW Group, produces Toyota passenger cars for the Chinese market including theAvalon,Corolla,Crown,Reiz andVios.[2]
Tianjin FAW's first product, debuting in 1965, was a copy of the famousBeijing Jeep called the Tianjin TJ210. Between 1973 and 1979 the Toyota look-alike Tianjin TJ740 was also built, although only 63 were finished.
In the 1980s, Tianjin's directors decided to look abroad for a joint venture to enable them to build modern small cars. In 1983,Daihatsu had been chosen as a partner, and in November 1984 the first vehicle rolled out from the works. At first, local parts content was a mere 8%, but this had jumped to 85% by the end of 1987. The first product was a locally builtDaihatsu Hijet in 1984, followed by theCharade which began local assembly in 1986.[3]
Production began at a modest level, with 2873 automobiles (Charade) and 9329 minivans (Hijet) assembled in 1988, for a total of 12,202 vehicles. This increased rapidly, to an annual total of nearly 88,000 cars by 1996.[7]
Xiali taxicabs in Beijing in 2005; The fare of Xiali was 1.2 yuan per kilometer, whileCitroën Fukang was 1.6 yuan per kilometer[8]
Before the Toyota joint venture, Tianjin FAW produced the Tianjin Xiali TJ730 (based on the 1983Daihatsu Charade) and then the TJ7100-TJ7131 hatchback and TJ7100U-TJ7131U sedan under the Xiali brand that was formed in August 1997.Xiali (夏利) is Chinese for "Charade". The TJ7100-series cars, based on the 1987 Charade. They were very popular in China as taxicabs throughout the 1980s and the 1990s, when the Chinese Volkswagen Jetta also joined the taxi market, followed by theHyundai Sonata andElantra in the 2000s. The Xiali taxi was retired from taxi use in February 2006 in an effort to cut down pollution.
Production of the Daihatsu-based Xiali N3 ran from 2004 to 2012. Production at the Tianjin Xiali plant had shifted to more modern Toyota vehicles, for example the Xiali 2000 that was based on the ToyotaPlatz/Vitz but the production of the much cheaper Xiali outlived the Xiali 2000. Toyota also builds and sells vehicles in China under its own brand.
The Xiali brand was discontinued in 2015 and was replaced by the new brand called Junpai.
From 1984 to 2002, Tianjin FAW manufacturedHijet-based Daihatsu mini trucks in China rebranded asHuali Dafa.[9] Currently Huali offers the first generationDaihatsu Terios and second generationDaihatsu Move.
FAW Tianjin also produced theMiles ZX40, an electric version of theDaihatsu Move which became the first Chinese-built vehicle sold in the United States when it was offered in mid-2006 byMiles Automotive Group.
Since 2012, FAW Xiali's net profit after deducting non-recurring items has been negative, and sales have also begun to decline year by year, from 185,000 units in 2012 to 37,000 units in 2016. During this period, due to two consecutive years of losses in 2013 and 2014, the Shenzhen Stock Exchange issued a delisting risk warning. In June 2019, Xiali officially stopped producing models, with an annual output of only 1,186 units.[10]
On December 23, 2019, FAW Xiali issued an announcement to disclose the asset restructuring plan with China Railway Materials. China First Automobile Co., Ltd. plans to transfer its approximately 697 million shares of FAW Xiali (accounting for 43.73% of FAW Xiali's total share capital before this transaction) to China Railway Materials free of charge.[11] On January 8, 2021, FAW Xiali was renamed China Railway Materials,[12] from then on the reorganized company no longer engaged in automobile production business.
1984–2002:Huali Dafa, a locally produced Daihatsu Hijet originally known as the Tianjin TJ110. Was used as a popular taxicab. Available with the 843 cc CD engine and 4-speed manual gearbox.
1997.12–1999:Xiali TJ 7100 A, a facelifted TJ 7100 hatchback
1999–2007:Xiali TJ 7101/TJ 7131, new name for the TJ 7100 A hatchback. Available with a 1.0 and 1.3 litre engine
1999–2003:Xiali TJ 7101 L/TJ 7131 L, a TJ 7101 hatchback lengthened by 8 cm. Available with a 1.0 and 1.3 litre engine
2003.05–2011:Xiali AJunya (Junior) (TJ 7101 A-TJ 7141 A), a slightly facelifted version of the existing hatchback range, new bumpers and some new engine options. 1,425 cc version since June 2005. Facelifted in March 2006, this and the Shenya were known as the "A+" until 2011[15][16][17]
1999–2004:Xiali TJ 7101 UAL/TJ 7131 UAL, a Xiali TJ 7100 UA/TJ 7130 UA sedan lengthened by 8 cm. Available with a 1.1 and 1.3 litre engine
2001–2006:Xiali TJ 7101 U/TJ 7131 U, new name for the TJ 7101 UA sedan. Available with a 1.0 and 1.3 litre engine[20]
2003.05–2011:Xiali AShenya (Senior) (TJ 7101 AU-TJ 7141 AU), a slightly facelifted version of the existing sedan range released in May 2003 with new bumpers and some new engine options. 1,425 cc version since June 2005. Facelifted in March 2006, renamed as the A+ and remained in production until 2011[15][16][17]
2004.08–2012:Xiali N3 (B series) TJ 7101 B-TJ 7131 BU, hatchbacks and sedans based on facelifted Xiali A series, with its origins in theXiali N3, an updated sedan based on the previous Xiali series. This car was available in Mexico known as the F1 and was sold from 2008 to 2010. The N3 was facelifted in March 2008 and named as the N3+.[25][26][27]
2006.10–2011:Weizhi C1 (CA 7130 /CA 7140), an independent development also marketed as theFAW Vita launched in October 2006.[28] The car is available with the5A-FE and8A-FE engines from Toyota.[29]
2009.11–2014:Xiali N5 (TJ 7103 UE/TJ 7133 UE), a sedan based on the Xiali N3
2010–2012:Weizhi V2 (TJ 7137 E4S), a hatchback with a 1.3 litre engine.
2012–2015:Weizhi V5 (CA 7150 BUE), a facelifted Weizhi C1.
^abKomura, Chikara (2000). Hamada, Kōichi; Matsushita, Mitsuo; Kōmura, Chikara (eds.)."Policies towards automobile industries in Southeast Asia".Dreams and Dilemmas: Economic Friction and Dispute Resolution in the Asia-Pacific. Singapore: Seikei University Center for Asian and Pacific Studies, Japan: 187.ISBN981-230-069-4.
^"夏利走了，青春散了" [Xiali is gone, youth is gone].凤凰网. December 21, 2020. Archived fromthe original on June 10, 2023. RetrievedJune 10, 2023.
^段思瑶 (December 24, 2019)."一汽夏利重组方案出炉 拟收购中铁物晟股权" [FAW Xiali's restructuring plan is released, and it plans to acquire the equity of China Railway Materials.].每日经济新闻. Archived fromthe original on June 10, 2023. RetrievedJune 10, 2023.
^"中国铁路物资股份有限公司关于变更公司名称及证券简称的公告" [Announcement of China Railway Materials Co., Ltd. on the change of company name and stock abbreviation].深圳证券交易所. 中国铁路物资股份有限公司. Archived fromthe original on June 10, 2023. RetrievedJune 10, 2023.
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