FAW Group, China's leading automaker, reports a 9.5% YoY increase in Q1 auto sales, with Hongqi brand sales up 64.3%.
FAW Group, China's leading automaker, reported a 9.5% year-on-year increase in auto sales in Q1, with total sales exceeding 743,000 units. The Hongqi car brand, owned by FAW Group, saw a 64.3% year-on-year increase in sales, with 100,300 units sold. Founded in 1953, FAW Group is considered the cradle of China's auto industry, having produced and sold over 54 million vehicles under various brands.
April 01, 2024
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