China News Service, Changchun, March 3 — China FAW Group, one of the country’s leading automotive manufacturers, is set to export over 50,000 vehicles in 2008, with total trade volume surpassing $500 million. The company has long-term ambitions to sell more than three million vehicles globally by 2012, signaling its growing international presence.
According to Teng Tien, deputy general manager of FAW Group, the company produced and sold nearly 1.5 million vehicles in 2007, achieving annual sales revenue of 188.7 billion yuan. For 2008, the group aims to reach 1.7 million units in sales. This reflects a steady growth trajectory, driven by both domestic demand and expanding overseas markets.
In recent years, FAW has accelerated its global expansion. The production of "Liberation" commercial vehicles at the Amur Auto Plant in Russia and the establishment of an economical car manufacturing base in Mexico highlight the company's active participation in international competition. These moves mark a significant step forward for this large state-owned enterprise as it seeks to strengthen its global footprint.
FAW executives emphasize that exports are essential for the long-term development of China's auto industry, especially for companies with their own brands. Over the past few years, FAW's vehicle exports have seen consistent growth, exceeding 10,000 units annually and establishing a broad network of overseas agencies. This demonstrates the increasing competitiveness of FAW products on the world stage.
In addition to expanding its international reach, FAW is also investing heavily in product innovation and research and development to maintain its leadership in the truck segment and build a strong mid-to-high-end national brand. In February, China's first self-developed V12 engine for premium domestic cars was successfully tested at the FAW Technology Center. Industry experts believe this milestone marks a new era for the Hongqi brand, signaling a stronger push into the high-end passenger car market.
Annular BOP Rubber Accessories
Annular Bop Rubber Accessories,Bop Packing Unit,Separated Bop Parts,Oem Tapered Sealing Element
Sichuan Xinwei Rubber Co., Ltd , https://www.boprubber.com