FAW Group aims to sell nearly 6 million vehicles yearly by 2023

Shanghai (Gasgoo)- In the coming 5 years to 2023, FAW Group aims to sell 5.9 million new vehicles and achieve revenue of RMB 900 billion, with profit over RMB 80 billion and RMB 180,000 by per capita income.

Besides, the group will become a world-class mobility service company by 2030 and an important player in global auto industry. The group clarified the above target at the Congress of Party Representatives held on November 27.

Up to now, three state-owned automakers have expressed their ambitions during the 13th Five-year Plan period to become global giants with annual sales of 6 million. In June, Dongfeng Motor Group set up its annual sales goal of 6 million and wishes to be an industry leader in management quality, independent business and emerging business.

Even though SAIC Group didn’t announce its sales target over the next 5 years, the group put forward the goal to bring the scale of global production to a new level and take a continual lead in domestic market share. In 2017, the group delivered nearly 7 million new vehicles and is expected to sell 10 million vehicles per year.