FAW speeds up overseas cooperation

China's FAW Group Corporation (FAW), the car and truck manufacturer headquartered in Changchun, China, sold a record 26,000 vehicles for complete-vehicle export in 2018, increasing by 20 percent year-on-year, said Yu Bin, vice-general manager of China FAW Group Import & Export Co Ltd.

The company this year reached the imports and exports volume of 28.6 billion yuan ($4.26 billion), an increase of 24 percent year-on-year. 

Workers assemble vehicles on a production line at the China FAW Group plant. [Photo provided to www.chinaservicesinfo.com]

Last year was extremely challenging for China's import and export automakers, but FAW has achieved steady growth in its import and export sector by deepening its presence in markets along the Belt and Road Initiative, Yu added.

For passenger vehicles, FAW exported 18,261 all year round, up 20 percent year-on-year. An additional 8,028 commercial vehicles were also sold simultaneously, up 20 percent year-on-year, with four new large-scale vehicle markets built in South Africa, Pakistan, Iran, and the Philippines last year. 

The company also set a goal for 2019, stating more efforts will be made to expanding markets in Mongolia, Kazakhstan, and other countries along the Belt and Road Initiative, accelerating overseas cooperation.

A FAW-Volkswagen automobile is on display. [Photo/IC]