奔腾Bestune
Who owns Bestune? The ownership chain, FAW Group's stake and the 2006 deal
Facts checked Chinese holding 100%
Bestune is Chinese. It is FAW's mainstream car brand, sold below Hongqi and mostly inside China.
Bestune, launched as Besturn in 2006, is FAW's own mainstream car brand.
The chain, step by step
State-owned Assets Supervision and Administration Commission of the State Council owns FAW Group at 100% since 2003.
FAW has been state-owned since it was founded in 1953; SASAC, created in 2003, is the State Council body that has held the state's shareholding since then.
| Holder | Holds | Kind | Stake | Since |
|---|---|---|---|---|
| State-owned Assets Supervision and Administration Commission of the State Council | FAW Group | owns | 100% | 2003 |
| FAW Group | Bestune | owns | 100% | 2006 |
Bestune: questions people ask
- Who owns Bestune?
- FAW Group, the Chinese state-owned carmaker at Changchun. FAW is held by SASAC, the State Council's asset-supervision commission.
- What does Bestune mean?
- The Chinese name 奔腾 (Bēnténg) means 'to gallop' or 'to surge'. Bestune is a coined English spelling rather than a translation.
- Was Bestune called Besturn?
- Yes. FAW used the spelling Besturn from the brand's launch in 2006 until the end of 2018, then changed the English name to Bestune. The Chinese name did not change.
- Is Bestune sold outside China?
- It has exported to Russia since 2012. This entry could not confirm any other current export market from the sources consulted.
Related
Sources for Bestune
- Wikipedia, Bestune. Read . Founding year, first car, name change, Pony and Yueyi lines, Russia entry
- China FAW Group Co., Ltd., 集团简介 (Group profile). Read . FAW lists Besturn/Bestune among its own brands
- Wikipedia, List of automobile manufacturers of China. Read . Bestune listed as an FAW Group brand.
- Wikipedia, FAW Group. Read . States that FAW is a state-owned enterprise supervised by SASAC