In the first three months of 2025, FAW Group sold 762,000 vehicles, marking a year-on-year increase of 2.5 percent, and produced 776,000 vehicles, up 4.8 percent from the same period last year. Of the total, sales of FAW Group’s self-owned brands reached 223,000 units, a 7.4 percent year-on-year growth, while sales of its NEVs under self-owned brands soared by 152 percent to 59,000 units. Sales of its joint venture brands stood at 539,000 units, maintaining its leading position in the joint venture segment. FAW Group achieved a strong start to the year by making all-round efforts in product innovation, digital and intelligent empowerment, green development, open cooperation, and overseas expansion, striving to be a front-runner in promoting high-quality self-reliance in science and technology, building a modern industrial system and fostering new quality productive forces.

FAW Group focused on meeting the diverse needs of users by pooling high-quality resources to accelerate product iteration and launch bestsellers. In the first quarter, the premium Hongqi brand introduced the TianGong 08, TianGong 05, and GuoYue REEV models to the market, while opening pre-sales for TianGong 06, offering users new high-quality mobility options with leading technology and outstanding performance. FAW Jiefang, the commercial vehicle arm of FAW Group, rolled out the new JH6 and three models specifically designed for the port market, providing reliable, efficient, and precise transportation solutions for users. Bestune, a passenger vehicle brand of FAW Group, unveiled its first NEV model under the Yueyi series, the Yueyi 03, and introduced upgrades to its Pony model line. The joint ventures also contributed to the momentum, with FAW-Volkswagen launching the new Tayron L, Audi A5L and Jetta VA7, while FAW-Toyota presented its Prado flagship VX edition and upgraded multiple models with OTA technology, offering users a more excellent intelligent mobility experience.

FAW Group has always regarded digital and intelligent transformation as a key measure to improve efficiency. Since the beginning of this year, the Lingxi smart cockpit of Hongqi Jiuzhang platform and the Bestune D-life 6.0 cockpit platform had been deeply integrated with DeepSeek, bringing users a new intelligent cockpit ecosystem. The construction of FAW Group's OTD (order-to-delivery) cloud product chain had officially commenced, providing strong support for achieving the Hongqi brand's goal of selling one million vehicles. FAW Jiefang J7 Intelligent Plant has achieved deep integration of manufacturing technology and digital intelligence technology, and has been selected as one of the Ministry of Industry and Information Technology’s first batch of excellence-level smart factories

FAW Group deeply promoted the quality improvement and expansion of its NEV product lineup and strive to create outstanding products. In the first quarter, sales of NEVs under Hongqi brand exceeded 22,000 units, a 43.8 percent year-on-year increase. Jiefang brand deeply implemented the "All in" NEV strategic deployment, accelerated the layout of light commercial vehicle business, and achieved NEV sales of 8,467 units. Bestune brand continued to deepen its presence in the NEV market by officially launching the Bestune Yueyi series, with the first model, Yueyi 03, hitting the market.

In 2025, FAW Group has continued to deepen strategic cooperation to inject strong momentum into the rapid development of strategic emerging industries. Since the beginning of this year, FAW Group has launched strategic cooperation with China Logistics, China Baowu, China Telecom, Chinalco Group, the Liaoyuan Municipal People’s Government and Leapmotor, to jointly promote the development of industries such as NEVs. It has also deepened strategic cooperation with the Volkswagen Group to jointly determine the new model planning for FAW-Volkswagen, further enriching its product lineup and setting a new benchmark for joint ventures. FAW Jiefang has partnered with CATL to promote the comprehensive electrification of the transportation industry and signed a strategic cooperation agreement with Gaolaozhuang New Energy Technology for 5,000 pairs of NEV combination vehicle to jointly explore new scenarios for green logistics. FAW Bestune has signed an annual procurement agreement for 10,777 units with HuashengHaoche, continuously exploring new paths in automotive marketing, and has deepened cooperation with Horizon Robotics to jointly build a new ecosystem for intelligent driving.

FAW Group has seized the significant opportunities presented by the Belt and Road Initiative to vigorously expand its overseas markets. In the first quarter, FAW Group's cumulative vehicle exports reached 28,000 units, a 4.4 percent year-on-year increase. Hongqi brand has steadily accelerated its global layout, with multiple models entering markets such as Saudi Arabia, the United Arab Emirates, and Bahrain, continuously expanding its influence in overseas markets. Jiefang brand has successfully entered the Australian market and deepened its strategic cooperation with GMM in Indonesia, with the sales of Tiger VH all-wheel-drive dump truck exceeding 2,000 units in Vietnam. The Bestune brand has successively passed two major international quality system certifications, providing strong support for its products to be exported overseas.

FAW 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 three million units.

| Editor: Duying
| Initial Review Chen Duohua
| Second Review: Liu Shumei
| Final Review: Li Xiang

FAW Jiefang, the commercial vehicle arm of FAW Group, reported robust sales performance in the first two months of 2025, with total sales exceeding 48,000 units, marking a 4% year-on-year increase. It maintained leading position in the domestic medium- and heavy-duty truck market, capturing a market share of 25.9 percent. FAW Jiefang also demonstrated strong competitiveness across key segments, including tractors, trucks, and natural gas vehicles. Notably, FAW Jiefang sold 6,223 NEVs during the same period, achieving a market share of 12.9% and a remarkable growth of 211% year-on-year.

As a leading company  in China’s commercial vehicle industry, FAW Jiefang remains committed to its mission of driving innovation and pursuing high-quality development. Since the beginning of 2025, the company has made significant progress across various initiatives, laying a solid foundation for achieving its annual business objectives.

Amid the global automotive industry’s rapid digital transformation, FAW Jiefang has accelerated the cultivation of new quality productive forces, positioning itself as a key driver of industrial upgrading.

The company’s J7 Intelligent Plant, integrating highly automated, flexible and digital intelligent technologies, has established a fully connected system for order, product, and manufacturing data. This innovative model of "personalized customization, networked collaboration, and intelligent manufacturing" has deepened the integration of manufacturing and digital technologies, optimizing efficiency, profitability, and cost-effectiveness. Recognized as one of the Ministry of Industry and Information Technology’s first batch of excellence-level smart factories, the J7 plant is the only commercial vehicle facility to receive this honor, providing strong support for the sustained popularity of FAW Jiefang’s high-end heavy-duty trucks.

Under the guidance of China’s carbon peaking and carbon neutrality goals, green and low-carbon development has become a central theme in the commercial vehicle industry. While maintaining its stronghold in traditional energy vehicles, FAW Jiefang has significantly increased its investment in the NEV sector, driving technological advancements and industrial upgrades. The company’s lightweight, energy-efficient, and intelligent products have gained widespread market recognition and user acclaim, contributing to the rising penetration of NEVs in the commercial vehicle market.

At the start of the year, FAW Jiefang deepened its strategic partnership with CATL through their joint venture, FAW Jiefang-CATL New Energy Technology Co Ltd., which aims to achieve a leap in NEV sales. Additionally, FAW Jiefang has partnered with REFIRE to promote the large-scale operation of hydrogen-powered commercial vehicles. Hundreds of hydrogen-powered vehicles have been deployed in Shanghai’s hydrogen demonstration city cluster, serving high-energy-consumption scenarios such as steel parks and cold chain logistics, with a focus on expanding into port and industrial park applications.

"Going global" is a strategic imperative for China’s automotive industry and a necessary step toward building world-class enterprises. FAW Jiefang has adopted a "localized manufacturing plus scenario-based products" strategy to optimize its systems and expand its market presence, enhancing its comprehensive competitiveness and accelerating its globalization efforts.

Recently, FAW Jiefang signed an agreement with an Australian distributor, marking a significant step in its market expansion efforts and opening new opportunities under its "SPRINT 2030" global strategy. Australia’s transportation market, particularly road transport sector, holds immense potential and represents a critical component of FAW Jiefang’s global strategy. The company will leverage its strengths to seize key opportunities, establish a strong brand presence in Australia, and create new growth drivers for sales and profitability.

In 2025, FAW Jiefang will accelerate its strategic transformation, aiming to achieve new breakthroughs, growth, and milestones. The company is determined to secure a strong finish to the 14th Five-Year Plan and continue its relentless pursuit of becoming a world-class enterprise and a century-old national brand. With unwavering commitment, FAW Jiefang is poised to lead the industry into a new era of innovation and excellence.

FAW 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 three million units.

| Editor: Duying
| Initial Review Chen Duohua
| Second Review: Liu Shumei
| Final Review: Li Xiang

On March 3, FAW Group held a meeting to summarize its business performance for January-February and to set goals for March. In the first two months of the year, FAW sold over 460,000 vehicles, marking a strong start. Among these, sales of its self-owned brands exceeded 140,000 units, a year-on-year increase of 11.3%. Sales of new energy vehicles under its self-owned brands surged by 193%, five times the industry average. Additionally, FAW-Volkswagen and FAW Toyota maintained leading positions among joint venture brands.

Hongqi, the premium passenger vehicle brand of FAW Group, has seen steady growth in its high-end vehicle sales. Supported by the "two new" subsidies - large-scale equipment renewal and consumer product trade-ins - Hongqi launched an HS7 original-value trade-in program, attracting widespread attention from high-end potential customers. In the first two months of 2025, Hongqi achieved wholesale sales of 70,434 units, a year-on-year increase of 7.9%, with new energy vehicle sales up 56.9%.

Jiefang, the commercial truck brand under FAW Group, launched the new-generation JH6, which features 22 lightweight technology upgrades. The Jiefang J7 intelligent factory was recognized as one of the Ministry of Industry and Information Technology's first batch of excellence-level smart factories. In the first two months of this year, FAW Jiefang achieved a strong start, demonstrating robust growth momentum.

Bestune, another wholly-owned passenger vehicle brand of FAW Group, launched the "Bring Love Home" Spring Festival campaign and the brand technology day event. It also introduced the refreshed Linglong Pony and Lingli Pony models, and held dealer mobilization meetings for the Yueyi 03. By capitalizing on the "two new" subsidies and strengthening its new media customer acquisition strategy, Bestune sold 24,000 vehicles from January to February, a 46% year-on-year increase, significantly outperforming the industry average.

FAW-Volkswagen, a passenger car joint venture between FAW Group and Volkswagen AG, achieved wholesale sales of 226,000 vehicles and retail sales of 235,000 vehicles in the first two months of 2025, both exceeding its sales targets. Its estimated retail market share for fuel vehicles reached 13.3%, a year-on-year increase of 2.1%. Specifically, Volkswagen brand sold 136,000 units, with its fuel vehicle market share rising month-on-month. Audi brand sold 82,700 domestically produced vehicles, achieving positive year-on-year growth. Jetta brand sold 16,500 units, with both market coverage and fuel vehicle market share increasing year-on-year.

FAW Toyota, a joint venture between FAW Group and Toyota Motor, sold 93,000 vehicles in January to February, a year-on-year increase of 21%. The company also exceeded its cost reduction targets, laying a solid foundation for high-quality development.

FAW 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 three million units.

| Editor: Duying
| Initial Review Chen Duohua
| Second Review: Liu Shumei
| Final Review: Li Xiang