Chinese automaker FAW reports record sales in January

CHANGCHUN - FAW Group, China's major automaker, reported wholesale vehicle deliveries of 323,000 units in January, up 13.9 percent year-on-year and hitting a record sales high in January.

FAW - First Auto Works - sold 29,000 of its own Jiefang vehicles in January, a growth of nearly 130 percent than the same period last year.

The sales of joint venture branded vehicles also increased remarkably, including 147,000 units of FAW-Volkswagen, up 15.5 percent; 55,000 FAW-Toyota, up 4.6 percent; and 12,000 FAW-Mazda, up 139.5 percent year-on-year.

FAW has set an annual sales target of 3.3 million vehicles in 2017, including two million units of joint venture brands.

Founded in 1953 and headquartered in the northeastern province of Jilin, the State-owned firm sells products in over 70 countries.