Chinese automaker FAW reports solid start to 2021

February 9, 2021

FAW’s Hongqi marque reported record sales in January (Courtesy FAW)

Major Chinese automaker, FAW Group Corporation, headquartered in Changchun, Jilin Province, has seen a solid start to 2021, with January sales of 420,458 vehicles, up 18.9% from 2020 sales. Production output for the month was reported to be up 21.6%, at 309,077 units.

FAW, a manufacturer of passenger cars, trucks and buses, was established in 1953 and is China’s oldest and largest automotive group.

FAW’s own-brand luxury Hongqi marque sold a record 32,526 vehicles in the same month, a growth of 157.5%. Meanwhile, FAW Jiefang trucks moved 79,000 units, a rise of about 27%.

The company’s joint ventures, FAW-Volkswagen produced 150,483 units and sold 215,286 units in January, up 7.3% and 16.6% year on year respectively. FAW-Toyota saw its January sales climb 8.9% to 83,062 units. FAW Mazda’s January production and sales volumes reached 8,352 units and 1,818 units respectively.

In total, FAW reported the sale of 3.7 million vehicles throughout 2020, an increase of 7.1% from 2019. It hopes, with an average annual rate of growth of around 8%, to be selling more than 6 million vehicles per year by 2025.

www.faw.com

In the latest issue of PM Review…

PM Review Spring 2023

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • GKN Powder Metallurgy: A strategic vision for the future of permanent magnets for EVs
  • Building trust in the Powder Metallurgy industry: The role of standardisation and an update on recent work by ISO/TC 119
  • High-volume powder production for Additive Manufacturing: SMS group’s continuous metal powder production process
  • Development of enhanced-performance PM brake pads for high-speed trains by Beijing Tianyishangjia New Material Corp., Ltd.
  • The START project: Creating a sustainable supply chain for green energy harvesting products by Powder Metallurgy
  • World PM2022: Reviewing three innovative methods for metal powder production

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link