Search Results for "FAW "

FAW Group reports sales volume of 607,675 vehicles for first quarter
FAW Group reports sales volume of 607,675 vehicles for first quarter

FAW Group output and sold 556,948 and 607,675 complete vehicles respectively in the first quarter of 2020 (Q1), the Chinese state-owned automaker announced on April 8.

Apr. 9 , 2020
FAW invests RMB 470 mln to produce more Hongqi-branded vehicles
FAW invests RMB 470 mln to produce more Hongqi-branded vehicles

FAW Group plans to invest roughly 470 million yuan ($67.4 million) in upgrading the production line to further increase the annual capacity of its premium Hongqi brand to 184,000 units.

Jan. 7 , 2020
FAW Group 2019 auto sales edge up 1.3%, full-year revenue hits RMB620 billion
FAW Group 2019 auto sales edge up 1.3%, full-year revenue hits RMB620 billion

FAW Group sold 3.464 million vehicles through 2019, achieving a growth of 1.3% compared with the year-ago period, and outpacing the overall auto industry by 10 percentage points, the state-owned automaker announced via its WeChat account.

Jan. 6 , 2020
FAW Car expects annual profit growth of 105 mln yuan after two assets transfer
FAW Car expects annual profit growth of 105 mln yuan after two assets transfer

FAW Car, a subsidiary of FAW Group, transferred its assets in economic development zone of Changchun to a stamping dies company dubbed Zhisheng in the capital of Jilin for 81.2 million yuan ($11.5 million).

Dec. 13 , 2019
FAW Group to pump RMB139 million to enhance intelligence & connectivity strength
FAW Group to pump RMB139 million to enhance intelligence & connectivity strength

China’s state-owned automaker FAW Group plans to invest RMB139 million in a technical retrofit project to enhance the group’s strength in auto intelligence and connectivity.

Dec. 4 , 2019
FAW Hongqi targets higher annual sales in 2019
FAW Hongqi targets higher annual sales in 2019

Hongqi, the state-owned FAW Group's premium auto brand, is likely to see the annual sales of 2019 reach 110,000 units, rather than 100,000 set at the beginning of this year, Xu Liuping, chairman and CPC secretary of FAW, said on November 26.

Nov. 27 , 2019