FAW Group Reports 260,000 Vehicle Deliveries in January 2025, NEV Sales Up 18%
FAW Group delivered 260,000 vehicles in January 2025, with new energy vehicle sales rising 18% year-on-year.
260,000
18%
73%
What Happened
FAW Group reported a robust start to 2025 with January vehicle deliveries reaching 260,000 units. New energy vehicle (NEV) sales rose 18% year-on-year, and the company's proprietary brands Hongqi, Jiefang, and Bestune showed strong growth. Joint ventures FAW-Volkswagen and FAW Toyota also performed well.
- Hongqi: 43,011 vehicles, up 7.3% YoY with record market share
- Bestune: 13,655 vehicles, up 34% YoY, NEV penetration over 73%
- FAW-Volkswagen: 140,400 retail sales, fuel vehicles outperformed market
- FAW Toyota: 60,032 vehicles, positive YoY market share growth
Looking ahead, FAW Group plans to accelerate electrification and digital transformation. FAW-Volkswagen aims to launch 19 new models across Volkswagen, Audi, and Jetta over the next 20 months, with annual R&D investment exceeding 18 billion yuan. Hongqi will focus on hybrid and NEV marketing, while Bestune prepares to launch the Yueyi product series.
Why this matters
The strong start signals robust demand and sets a positive tone for FAW's performance in 2025, highlighting growth in both conventional and new energy vehicles.
Terms in This Story
- NEV
- New Energy Vehicle, a category including battery electric, plug-in hybrid, and fuel cell vehicles.
- penetration rate
- The percentage of total sales accounted for by a specific product category, such as NEVs.
- joint venture
- A business arrangement where two or more parties share ownership, operations, and profits.
Summarised from the linked release; details can be imperfect — always verify against the original source.