Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

China's leading automaker FAW posts robust sales growth

February 08, 2021


Abstract : China's leading automaker FAW Group Corporation sold 420,458 vehicles in January, up 18.9 percent year on year, the company said on Sunday.

CHANGCHUN, Feb. 7 (Xinhua) -- China's leading automaker FAW Group Corporation sold 420,458 vehicles in January, up 18.9 percent year on year, the company said on Sunday.

Its own-brand sedan Hongqi sold 32,526 vehicles last month, soaring 157.5 percent year on year.

The company's joint ventures FAW-Volkswagen and FAW-Toyota also reported robust growth in both production and sales.

Meanwhile, more than 79,000 units of Jiefang trucks were sold, a rise of about 27 percent year on year.

FAW sold 3.7 million vehicles in 2020, up 7.1 percent from 2019. It plans to sell more than 6 million vehicles in 2025, growing at an average annual rate of close to 8 percent.

Founded in 1953 in the northeastern city of Changchun, capital of Jilin Province, the FAW Group is seen as the cradle of China's auto industry. Enditem


Scan the QR code and push it to your mobile phone

Keyword: FAW

Reading:

FAW-Volkswagen sees strong car sales in January

China's top automaker FAW targets over 6 mln cars sold in 2025

China's leading automaker FAW targets 4 mln car sales in 2021

China's Hongqi sedan to have top-class sports models

China's iconic sedan brand Hongqi posts rising sales in Jan.

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial