FAW Group, China’s major automobile manufacturer reported vehicle deliveries of 323,000 units in January 2017, up 13.9 percent year on year basis, thus hitting a record high in the first month of this year.
FAW (First Auto Works) sold 29,000 of its own branded vehicles in January, a growth of nearly 130 percent compared to the same period last year.
The sales of joint venture branded vehicles also increased remarkably, including 147,000 units of FAW-Volkswagen, up 15.5 percent; 55,000 FAW-Toyota, up 4.6 percent; and 12,000 FAW-Mazda, up 139.5 percent year on year.
FAW has set an annual sales target of 3.3 million vehicles in 2017, including two million units of joint venture brands.
Founded in 1953 and headquartered in the northeastern province of Jilin, the state-owned firm sells products in over 70 countries including Pakistan.