FAW posts robust sales growth
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E-mail Xinhua, February 7, 2021
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.
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