Jan. 29, 2010 (China Knowledge) - FAW Group Corp, the largest auto maker in China, last year saw its sales volume grow 26.9% to exceed 1.94 million units in spite of the unstable global economy, sources reported.
FAW is the second-largest Chinese auto maker by sales, with a market share of 14.25%. Its revenue increased 23.4% to RMB 188.17 billion, with and its profit grew 127.2% to RMB 17.8 billion.
The Tianjin-based company's output also increased. It manufactured a total of 1.94 million autos last year, 29.2% more than in 2008.
You Zheng, deputy head of FAW’s planning department, said the company has made great progress during the past year by launching new models and improving its engines and technology.