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China Daily / 2021-06 / 09 / Page015

FAW looks to rev up auto sales this year

By ZHONG NAN in Beijing and LIU MINGTAI in Changchun | CHINA DAILY | Updated: 2021-06-09 00:00

China FAW Group Co Ltd, a Changchun, Jilin province-based State-owned automaker, plans to boost its global sales by 7.9 percent on a yearly basis to over 4 million units this year, said senior executives.

They said opportunities will come from consumption recoveries in many regions around the world, China's long-term status as the world's largest market for electric vehicles and surging consumer demand for digital vehicles with more digital bells and whistles and customized services, making it especially appealing to the younger generation.

Liu Yigong, FAW's vice-president, said the company has already set up major research projects to compete with other established rivals both at home and abroad, and has invested in three new energy business lines-pure electric, hybrid and fuel cells-to push sales of its electric vehicles as well as establish a design center in Munich, Germany, and a research and development facility for trucks in Austria.

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