FAW-Volkswagen Sold Over 1.91 Million Vehicles in 2023, Up 4.8% YoY
FAW-Volkswagen's annual sales hit 1,910,205 units in 2023, a 4.8% increase from the previous year, driven by strong Audi and Jetta growth.
1,910,205
4.8%
9.8%
What Happened
FAW-Volkswagen, the joint venture between FAW Group and Volkswagen AG, announced on January 4 that it sold 1,910,205 vehicles in 2023, including imported Audis. The Volkswagen brand accounted for 1,050,017 units, up 0.9% year-on-year. Audi sales reached 698,188, a 9.8% increase, while Jetta sold 162,000 units, up 10.3%.
- 1,050,017 (+0.9%)
- 698,188 (+9.8%)
- 162,000 (+10.3%)
Why this matters
The results show FAW-Volkswagen strengthening its position in China's competitive auto market, with all three brands growing sales.
Terms in This Story
- joint venture
- A business arrangement where two or more parties pool resources for a specific project or business activity.
- year-on-year
- A comparison of data from one period to the same period one year earlier, used to measure growth.
Summarised from the linked release; details can be imperfect — always verify against the original source.