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FAW Group once again obtains double-digit YoY sales growth

Monika From Gasgoo| June 10 , 2020 12:21 BJT

Shanghai (Gasgoo)- FAW Group output and sold 352,273 and 344,548 complete vehicles in May, up by 23.5% and 30.9% year on year respectively, versus the 20.4% growth in its April sales.

FAW Group once again obtains double-digit YoY sales growth

(Hongqi H9, photo source: FAW Group's WeChat account)

Hongqi saw its May sales rose precipitously 133.3% from the previous year to 15,103 units, and its production outputs soared 97.2% to 16,002 units.

The premium auto brand has six models on sales to-day, namely, the H5, the H7, the L5, the HS5, the HS7 and the E-HS3 BEV, including both SUVs and sedans, and is ambitious to form a massive product matrix composed of 21 models by 2025, 18 of which will be NEVs. The Hongqi H9 full-sized sedan made its world's debut in early January and the presale has kicked off a few days ago. The all-new model is set to hit the market this month.

The sales of Besturn and FAW-Mazda aggregated 18,226 cars in May, jumping 27% over a year earlier, and their combined outputs reached 19,255 units.

FAW Group once again obtains double-digit YoY sales growth

(All-new Mazda CX-4, photo source: FAW Group's WeChat account)

FAW Group's independent business unit set for Mazda brand officially started operation on June 1, and it will take over the whole operational businesses of the Sino-Japanese brand from FAW Car Co., Ltd, according to the Chinese state-owned automaker.

In the meantime, Mazda's collaborative entity in FAW Group also changed from FAW Car to China First Automobile Co.,Ltd., a subsidiary 99.62% owned by FAW Group. Yang Dayong, former deputy general manager of FAW Car, has been named as the head of FAW's Mazda business unit.

Under the group's direct leadership, FAW-Mazda is expected to grow faster by virtue of higher management efficiency, more autonomy in decision making, stronger control of production quality and less pressure in gaining short-term profits.

FAW Group once again obtains double-digit YoY sales growth

(From left to right: Tayron, the Audi A6L, the Jetta VS5, photo source: FAW Group's WeChat account)

FAW-Volkswagen (FAW-VW) produced and sold 193,746 (+31.7%) and 184,322 vehicles (+36.5%) last month, according to FAW Group.

The Sino-German joint venture said it was once again honored the champion in China PV market in May with a delivery volume of 186,777 units, a year-on-year jump of 22% and a month-on-month growth of 12.7%.

Additionally, FAW-Toyota posted a 1.2% year-over-year increase with 72,035 vehicles sold in May. It achieved a best-ever performance in the RAV4 deliveries, and the retail sales of the Corolla and the Avalon have returned to normal.

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