FAW Jiefang Sales Up 16.8 Percent in Jan-July
FAW Jiefang sold 168,269 trucks in the first seven months of 2024, a 16.8% year-over-year increase.
168,269 units
+16.8% YoY
26%
What Happened
FAW Jiefang produced 154,590 trucks from January to July 2024, up 2.39% year-on-year. Sales reached 168,269 units, a 16.8% increase. Medium and heavy truck sales totaled 136,948 units, accounting for 26% of the market, a share the company has topped for many consecutive years.
- 60 millionth FAW vehicle and 9 millionth Jiefang truck rolled off the production line on July 16.
- Jiefang J7 new technological platform released, promising breakthroughs in performance.
- Jiefang J7 pioneering version TIR cross-border transport long-term test departed.
- Delivered 40 new energy tractors to Hami, Xinjiang, and 1,000 electric heavy tractors to major clients in Xinjiang.
Overseas, FAW Jiefang signed a memorandum of understanding with a leading Indonesian logistics firm to export 1,200 heavy trucks, and handed over 21 tractors to China Railway No.9 in Zambia. The company also supports hydrogen energy R&D and has been named to the Top 100 China ESG Listed Companies for two consecutive years.
Why this matters
The sales growth shows strong demand for FAW trucks, particularly in the medium and heavy segment where the brand holds 26% market share, reinforcing its leading position.
Terms in This Story
- TIR
- Transports Internationaux Routiers, an international customs transit system for cross-border trucking.
- ESG
- Environmental, Social and Governance criteria used to assess a company's sustainability and ethical impact.
Summarised from the linked release; details can be imperfect — always verify against the original source.