FAW expects to sell one million cars in 2007

Chinese Car News, First Automobile Works, Statistics | Ash | March 12, 2007 at 10:20 pm

We think thats a lot of cars. Heres the news from Shanghai Daily:

FIRST Automotive Works Group expects its car sales will increase 15 percent to one million units this year and is moving ahead with preparations for its first stock market listing to fund future expansion.

Not surprising really, seeing as FAW and VW make happy bed partners in China, together they will make 400,00 units in China, FAW and Toyota will also make 270,000 vehicles as well as a further 200,000 vehicles through Xia Li, a subsidiary company of FAW.

Ash

Ash came to China at 18 on a whim and never left. Some 10 years later he collected a degree and a family along the way and now focuses his time on watching the Chinese car industry develop. He has witnessed the market change from being minor backyard market in to the world's biggest and most important market for all car manufacturers. You can contact or connect with him via Linkedin by clicking the 'Website' link.