FAW Group formulates new energy vehicle development strategy, striving to lead the industry within five years

Qiu Xiandong, general manager of FAW Group, said that starting from 2023, FAW China will fully promote the All in New Energy strategy. The company will break through the key core technologies of new energy vehicles, create competitive new energy products, build an efficient marketing service system, improve the profitability of new energy vehicles, and establish a safe and controllable industrial chain supply chain. FAW Group's goal is to "see results in one year, be the top three in three years, and lead in five years". It is expected that by 2025, the production and sales of new energy vehicles will exceed 1.45 million, and the proportion of independent brands will exceed 50%.