The FAW car and FAW Xiali published its Q3 performance announcements on October 14th afternoon, both companies shouldering huge losses. The FAW car has an overall loss between 124.2 to 154.2 million Yuan, while the data for FAW Xiali lies between 260 to 360 million Yuan.

This September, the new car sales in China has reached 2,024,800 units, which represented a significant 21.60% increase compared with this August and a slightly 2.08% increase compared with last September, and finally put an end to the five consecutive months of decline.