FAW Group sees growing revenue in 2019

CHANGCHUN (XINHUA) – China’s leading automaker FAW Group saw its total revenue reach CNY620 billion (about USD89.2 billion) in 2019, up 4.4 per cent, the automaker said yesterday.

FAW sold over 3.46 million units of vehicles last year, up 1.3 per cent.

FAW’s iconic sedan brand Hongqi sold over 100,000 units in 2019. The brand has six models currently on sale, including an electric battery vehicle and high-end customised sedan.

FAW-Volkswagen Automobile Co, Ltd, a FAW and Volkswagen AG passenger car joint venture, said its Audi brand set a new sales record in China in 2019. A total of 688,888 Audi vehicles were sold in China last year, up 4.2 per cent.

In addition, FAW had stepped up efforts to reinforce innovation, research and development and made breakthroughs in fields including new energy and key technologies. FAW said it had applied for 2,927 patents last year.