【Smart Car Pie News】When it comes to domestic cars, it is certainly impossible to bypass China FAW. China FAW is a state-owned mega-automobile enterprise group that has created the history of the new Chinese automobile industry. As of November 2021, Faw Of China HAS obtained grade A in the sasacretary state-owned assets supervision and administration commission's central enterprise operating performance appraisal for 13 consecutive years, ranking 66th in the Fortune Global 500. Recently, China FAW released the production and sales data for January, let's take a look.
China FAW
In January 2022, China FAW produced a total of 290371 vehicles and sold 311508 vehicles; of which the Hongqi brand produced 37,758 vehicles, an increase of 60.9% year-on-year; sold 42,158 vehicles, an increase of 29.6%; Jiefang brand produced more than 26,000 vehicles and sold more than 28,000 vehicles; and the Besturn brand produced 3,500 vehicles and sold 5,466 vehicles. The joint venture and cooperative business segment produces 222537 vehicles and sells 234718 vehicles.
FAW-Volkswagen produces 181573 vehicles and sells 182977 vehicles, while FAW Toyota produces 40,964 vehicles and sells 51,741 vehicles. In addition, the Hongqi brand sold 42,158 vehicles in January, an increase of 29.6% year-on-year, of which Hongqi H5 sold 13,137 vehicles and Hongqi HS5 sold 24,451 vehicles.
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