In the first year of the period covered by the 14th Five-Year Plan, China FAW Group has made decisive progress in the three critical battles of "overall quality improvement, marketing innovation transformation and supply chain optimization management", achieving a good start in the first quarter (Q1) of this year. FAW produced 921,445 vehicles in Q1, up 65.4 percent year on year, and sold 1,059,148 vehicles, up 74.3 percent year on year.
In recent days, the FAW Hongqi new energy vehicle factory project has worked hard to speed up the construction, which is expected to be completed before the end of this October and to realize new energy vehicle mass production before the end of December. At that time, the project will become an intelligent manufacturing new energy vehicle industrial park integrating green energy saving, intensive operation, humanization, safety and personalization and will create 2,000 to 4,000 jobs. Photo/Dingyan
FAW Hongqi and Jiefang brands achieved excellent results. Hongqi brand produced 62,839 vehicles, up 190.6 percent year on year, and sold 70,060 vehicles, up 180.2 percent year on year. Jiefang brand produced 139,840 vehicles, up 59.1 percent year on year, and sold 191,060 vehicles, up 76.8 percent year on year. Bestune brand produced 12,041 vehicles and sold 16,641 vehicles.
FAW's joint ventures produced a total of 702,496 vehicles and sold 776,419 vehicles. Among them, FAW-Volkswagen produced 483,936 vehicles, a year-on-year increase of 57.1 percent, and sold 550,869 vehicles, a year-on-year increase of 72.4 percent. FAW-Toyota produced 203,152 vehicles, a year-on-year increase of 89.6 percent, and sold 217,102 vehicles, a year-on-year increase of 76.6 percent. FAW-Mazda produced 15,408 vehicles, a year-on-year increase of 1.3 percent, and sold 8,448 vehicles, a year-on-year increase of 9.4 percent.