Briefly

FAW Group reports robust exports in Q1

China's leading automaker FAW Group Co Ltd exported 15,000 vehicles in the first quarter, up 125 percent year-on-year. In 2022, the export value of the group's subsidiaries — FAW Jiefang, FAW Benteng and its leading sedan brand Hongqi — registered a record high of over 6 billion yuan ($872 million), said Yang Dayong, chairman of China FAW Group Import and Export Co Ltd. The company has been accelerating the expansion of Hongqi in overseas high-end auto markets, and plans to boost exports of Hongqi to a level where they will account for over 10 percent of Hongqi's total sales by 2025 and 25 percent by 2030.

Logistics activities expand in March