In Jilin, auto export growth rolls forward
| |In the first quarter of this year, FAW Group's South African company's market share contined to grow in heavy trucks and medium vehicles. [Photo provided to chinadaily.com.cn]
China FAW Group, a leading automaker based in Changchun, Jilin province exported 36,000 vehicles in the first six months, representing robust growth of 177 percent from the previous year, the group said recently.
Among its three independent brands, FAW Hongqi exported 5,000 vehicles, a year-on-year increase of 172 percent; FAW Jiefang exported 18,000 vehicles, up 122 percent; and FAW Benteng exported 7,000 vehicles, a year-on-year increase of 127 percent.
The performance signaled a positive trend in business development and accelerated breakthroughs in the company's overseas markets, the group said.
Under the Belt and Road Initiative, the group had expanded overseas business to 85 countries and regions as of the end of 2022, with total vehicle exports exceeding 400,000 units.
Established in 1953 and beginning production in 1956, FAW now serves as a leader in promoting industrial revitalization and makes a majjor contribution to regional economic growth.
The new FAW Hongqi H5 entered Saudi Arabia's market in February. [Photo provided to chinadaily.com.cn]
The FAW Benteng B70S entered the Saudi Arabia Market in March. [Photo provided to chinadaily.com.cn]
A hundred FAW Jiefang J7 trucks are readied for export to overseas markets in May. [Photo provided to chinadaily.com.cn]