FAW: NEV Sales to Reach 1.45 Million Units in 2025 Selling 500,000 Hongqi brand NEVs and accelerating the launch of EVs through VW and Toyota JVs Summary Hongqi: Launching three major sub-brands and three major platforms; promoting electrification of all models Bestune: New product logo announced, sales target of 200,000 units in 2023 FAW Jiefang: Investing CNY 30 billion to shift to NEV models and enhance connected commercial vehicles Foreign-ca...

Market & Tech Reports  Updated at: 2023/09/13

FAW: Aiming for 6.5 Million Units Sales and 20% NEV Ratio By 2025 Hongqi to become a top-class brand, NEV projects with Audi and Toyota Summary Overview of FAW Group: Sales volume of 3.5 million units in 2021, with foreign-affiliated companies accounting for 75% Mid-term plan (2021-2025): Aiming for sales volume of 6.5 million units and NEV ratio of 20% Technology Development and Alliances: Focus on advanced technology areas such as electrificati...

Market & Tech Reports  Updated at: 2022/03/28

Auto Shanghai 2019：Exhibitions by Chinese State-Owned Automakers SAIC, BAIC, FAW, Dongfeng, GAC, Changan exhibit numerous NEV models and connected cars Summary SAIC Group：Announcement of the world’s first concept model supporting 5G BAIC Group：Announcement of its new “high, new, specialized” strategy, reveal of the high-end NEV brand ARCFOX FAW Group：Aiming for a sales target of CNY 1 trillion or more by 2025 DFG：Unveiling of the ...

Market & Tech Reports  Updated at: 2019/05/24

Beijing Motor Show 2018：SAIC Motor, Dongfeng Motor, FAW, and Other Major OEMs Roewe unveils Marvel X SUV, Dongfeng Motor unveils its eπ concept car Summary BAIC Group: Exhibited NEVs such as EU5, emphasizing appeal of own brands FAW Group: FAW unveils Besturn T77 concept car, Senia R9, and DEV 1 DFG: World premiere of Dongfeng eπ concept car and Fengxing T5 SAIC:Exhibits Roewe brand’s Marvel X and RX8, MG brand’s X-motion concept car Ch...

Market & Tech Reports  Updated at: 2018/06/22