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 FAW Group reports robust vehicle exports in H1

July 16, 2021


Abstract : China's leading automaker FAW Group Co., Ltd. exported 10,500 complete vehicles in the first half of this year (H1), up 130 percent year on year, said the company on Thursday.

Workers work at the general assembly line of truck maker FAW Jiefang in Changchun, northeast China's Jilin Province, July 7, 2021. (Xinhua/Zhang Nan)

CHANGCHUN, July 15 (Xinhua) -- China's leading automaker FAW Group Co., Ltd. exported 10,500 complete vehicles in the first half of this year (H1), up 130 percent year on year, said the company on Thursday.

The export volume of the company registered a yearly increase of 175 percent during the period, reaching 240 million U.S. dollars.

Among the exported products, the Hongqi-branded vehicles are favored by overseas markets. So far, FAW's high-end automobiles represented by Hongqi have been exported to countries including Russia, Saudi Arabia and South Africa.

FAW is expected to export a total of 23,500 vehicles this year, with an export value of 500 million U.S. dollars, up 102 percent year on year, said Yu Bin, deputy manager of China FAW Group Import and Export Co., Ltd.

Founded in 1953 and headquartered in the northeastern province of Jilin, the state-owned FAW Group is known as the cradle of China's auto industry.

Scan the QR code and push it to your mobile phone

Keyword: FAW Group vehicle exports

Reading:

China further opens up with new multi-pronged blueprint

Economic Watch: China's logistics sector booming as foreign trade expands

​Foreign institutions bullish about China's economy in H2

China's training platform for new professions sees 8 mln users

Land-sea freight trips surge in H1

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