FAW Jiefang Truck Co.,Ltd. boosted sales 58.9 percent year on year to 9,766 units in February on strong demand for heavy trucks.
Despite a shortened sales period in February -- due to the timing of the Lunar New Year holiday, Jiefang heavy truck sales jumped 70 percent from a year earlier to 5,700 units, maintained its leading position in China’s heavy truck market.
In February, deliveries of medium and heavy truck surged 65.5 percent year on year to 9,065 units, light truck rose 4.6 percent to 701 units. Sales revenue of components and parts rose 40 percent year on year to 59.65 million yuan.
FAW Jiefang Truck Co. Ltd. is a wholly owned subsidiary of FAW Group. The company produces a wide range of light, medium, and heavy trucks; diesel engines, transmissions, and axles.
FAW Group is a leading global manufacturer of quality passenger cars, trucks, and buses. Established in 1953, the company is China's oldest and largest automotive group. Annual sales exceed two million units.