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FAW Gains Good Start in 2020 with Jan. Sales Jumping 18.2% YoY

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    FAW Group Corporation (FAW) announced today that its sales volume in January grew 18.2% from a year earlier to 353,490 units.

    The sales of Hongqi brand vehicles skyrocketed 142.7% year on year to 12,630 units. FAW Jiefang delivered 61,846 commercial trucks in Jan, a year-on-year growth of 56.7%. FAW Car saw its Jan sales rose 48.3% from a year ago to 16,966 units.

    In addition, Jan. deliveries of two joint ventures aggregated 260,930 units. Of that, FAW-Volkswagen sold 184,631 vehicles in Jan, while FAW Toyota saw its monthly sales up to 76,299 units.

    FAW is a leading global manufacturer of quality passenger cars, trucks, and buses. Established in 1953, the company is China’s oldest and largest automotive group. Annual sales exceed three million units.