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Haikou Jiangdong New Area
China Brands

China's leading automaker FAW posts strong sales growth

September 09, 2020


Abstract : First Automotive Works (FAW) Group Co., Ltd., China's leading automaker, sold 314,454 vehicles in August, up 14 percent year on year, according to corporate sources.

CHANGCHUN, Sept. 9 (Xinhua) -- First Automotive Works (FAW) Group Co., Ltd., China's leading automaker, sold 314,454 vehicles in August, up 14 percent year on year, according to corporate sources.

Its iconic sedan brand Hongqi sold 21,020 vehicles last month, an increase of 109.8 percent year on year.

The group's joint ventures FAW-Volkswagen and FAW Toyota also reported sales growth of 7.8 percent and 17.2 percent in August, respectively.

Jiefang, a truck subsidiary of FAW, sold more than 36,000 units in the month, surging over 60 percent year on year.

Founded in 1953 in the northeastern city of Changchun, capital of Jilin Province, FAW Group is seen as the cradle of China's auto industry. The group sold more than 1.63 million vehicles in the first half of 2020, up 2.3 percent year on year. Enditem


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