FAW Group Reports 762,000 Vehicle Sales in Q1 2025, Up 2.5% Year-on-Year
FAW Group sold 762,000 vehicles in the first quarter of 2025, a 2.5% increase over the same period last year, driven by strong NEV and self-owned brand growth.
762,000
59,000 (152% YoY)
28,000 (4.4% YoY)
What Happened
In the first quarter of 2025, FAW Group sold 762,000 vehicles, up 2.5% year-on-year, and produced 776,000 vehicles, up 4.8%. The company's self-owned brands sold 223,000 units, a 7.4% increase, while joint venture brands sold 539,000 units, maintaining a leading position.
- 223,000 units (7.4% YoY)
- 539,000 units (leading position)
59,000 unitsunits
152% year-on-year growth
FAW's key brands introduced new models in Q1: Hongqi launched the TianGong 08, TianGong 05, and GuoYue REEV, and opened pre-sales for TianGong 06. Jiefang rolled out the new JH6 and port-specific trucks. Bestune unveiled its first NEV model, Yueyi 03, and upgraded the Pony line. Joint ventures FAW-Volkswagen launched the Tayron L, Audi A5L, and Jetta VA7, while FAW-Toyota presented the Prado VX and upgraded models with OTA technology.
Why this matters
The results show FAW, China's oldest automaker, is maintaining momentum amid a competitive market, with its electric vehicle sales surging 152% under self-owned brands, highlighting the industry shift toward NEVs.
Terms in This Story
- NEV
- New Energy Vehicle, a category in China that includes battery electric, plug-in hybrid, and fuel cell vehicles.
- REEV
- Range Extended Electric Vehicle, an electric vehicle with a small internal combustion engine that charges the battery to extend driving range.
- OTD
- Order-to-Delivery, the process from when a customer places an order to when the vehicle is delivered.
- Joint venture
- A business arrangement where two or more parties share ownership and control, often used in China for foreign automakers partnering with local firms.
Summarised from the linked release; details can be imperfect — always verify against the original source.