October 9, 2010, Ukrainian Ambassador to China Yurii Kostenko met the delegation of the First Automotive Group Corporation (FAW) led by the Vice-President Mr. Wang Fachang. Established with the assistance from the former Soviet Union in Changchun in 1956, nowadays FAW is the biggest manufacturer of sprawling cars and trucks in China, with annual production volume approaching one million units. FAW set up a representative office in Ukraine in 2005.
On the eve of the delegation’s visit to Kyiv and Uzhhorod on invitation from the Eurocar Company, the Vice-President informed about FAW’s plans on investment cooperation with Ukrainian partners, particularly in Chinese cars supplies to the Ukrainian market and their maintenance services with following cooperation in car assembling in our country. Different concrete issues of work coordination between the Ukrainian diplomatic mission in Beijing and this leading Chinese corporation in the automobile industry were discussed during the meeting, according to the agreements achieved during the recent state visit of the President of Ukraine Viktor Yanukovych to the PRC.