China FAW releases first quarter sales data for 2023

FAW Group announced its sales data for the first quarter of 2023, with total sales reaching 762,000 vehicles, a year-on-year increase of 2.5%. Among them, sales of self-owned brands were 223,000 vehicles, a year-on-year increase of 7.4%, and sales of new energy vehicles reached 59,000 vehicles, a year-on-year increase of 152%. Sales of joint venture brands were 539,000 vehicles. Sales of Hongqi brand increased by 8.8% year-on-year to 109,000 vehicles.