BUSINESS China's Jiefang truck sets sales record

BUSINESS

China's Jiefang truck sets sales record

Xinhua

01:46, December 06, 2018

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(Photo: sohu)

CHANGCHUN, Dec. 4 (Xinhua) -- FAW Jiefang Automotive Co., Ltd, a truck subsidiary of China's leading automaker FAW Group, sold a record 299,273 Jiefang trucks in the first 11 months of 2018, the company said Tuesday.

The company has introduced several new models into the market this year, including the seventh generation of the classic J7 heavy truck.

The company set a goal to sell 350,000 vehicles in 2020 and 430,000 vehicles in 2023. The number is expected to hit 500,000 in 2025.

The company's performance started to rebound in recent years after its sales hit a low point due to problems found in its services and some products. It sold a record 291,000 Jiefang trucks in 2017.

Founded in 1953 and headquartered in northeastern province of Jilin, the state-owned FAW Group is known as the cradle of China's auto industry.

Since the first Jiefang truck rolled off the line in 1956, the brand has sold more than 6.6 million vehicles and has expanded its presence to 80 countries and regions.


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