Besturn is now BESTUNE, an automotive marque owned by the Chinese automaker FAW Group Corporation, First Automobile Works, can trace its roots back to Jul 15, 1953, when its first assembly plant started to be constructed The Group comprises of brands such as Hongqi, Bestune and Jiefang and its core business also covers joint ventures and external cooperation, emerging businesses, overseas businesses and industrial ecosystem FAW is one of China’s oldest and largest automotive manufacturers, with registered capital of RMB 35.4 billion Yuan and total assets of RMB 457.83 billion Yuan In 2019, FAW delivered over 3 million vehicles to customers. Group sales revenue in 2019 totalled RMB 620 billion Yuan, while earnings amounted to RMB 44.05 billion Yuan. In addition, the group took the 87th place on the 2020 Fortune Global 500 list.
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