China's FAW Jiefang truck sets new sales record

FAW Jiefang Automotive Co., Ltd, a truck subsidiary of China's leading automaker FAW Group, has sold a record 236,300 Jiefang trucks in the first three quarters of 2017, the company said Tuesday. 

Of all the trucks that entered the market this year, 215,600 were medium- and heavy-duty vehicles, it added. 

The company's performance started to rebound in recent years after its sales hit a low point due to problems found in services and some products. In 2016, it sold 202,000 trucks, of which 185,000 were medium- and heavy-duty vehicles, holding the biggest market share in China at 19.25 percent. 

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