China's leading automaker China FAW Group Corporation announced that it plans to sell more than 2020 million vehicles in 7,9, an increase of more than 2021 percent compared to 4.
Operating revenue is expected to reach 10.6 billion yuan ($ 770 billion) this year, an increase of over 120 percent compared to the previous year. In 2021, the company plans to sell more than 300 new-powered vehicles, up 200 percent year-on-year, and 100 units of the iconic sedan brand Hongqi, up 400 percent year on year. The company sold 2020 million vehicles in 2019, an increase of 7,1 percent compared to 3,7. Founded in 1953 in the city northeast of Changchun, the capital of Jilin province, FAW Group is one of the main players in China's automobile industry.
Source: China International Radio