China's top automaker FAW targets over 6 mln cars sold in 2025
Source: Xinhua | 2021-02-04
China FAW Group Corporation, a leading automobile maker in China, plans to sell more than 6 million vehicles in 2025, growing at an average annual rate of close to 8 percent, the corporation said Wednesday.
The company's operating revenue is expected to exceed 1 trillion yuan (about 155 billion U.S. dollars) in 2025, with average annual growth between 8 and 9 percent.
The company sold 3.7 million vehicles in 2020, up 7.1 percent from 2019.
Founded in 1953 in the northeastern city of Changchun, capital of Jilin Province, the FAW Group is seen as the cradle of China's auto industry.
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