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The company learned from FAW Jilin Automobile Co., Ltd. on October 28 that as of the end of October 2010, the production and sales of FAW mini car brands Senya and Jiabao exceeded 100,000 units.
The main sales of FAW minicars are the original Jiabao brand, Jiabao V70 and Xenia M80. According to the sales target set by FAW Jilin, among the 150,000 production and sales targets, Xenia M80 accounted for 50,000, and Jiabao V70 had 35,000. The car, the original Jiabao brand is 65,000.
It is understood that micro-vehicles have been a shortcoming in the development of FAW Group in recent years. Last year, FAW-micro-vehicles only sold more than 81,000 vehicles, and the market share was less than 4%, which was far from the sales volume of SAIC-GM-Wuling’s over one million. At the beginning of 2010, Xu Jianyi, general manager of FAW Group, put forward the slogan “Vehicle win, then FAW winâ€. FAW Jilin began planning and perfecting Jiabao and Senya's two platforms and sought to speed up production.
In June 2010, FAW Jilin Automotive Co., Ltd. launched a 400,000-capacity new plant construction project. The project will be officially put into use in 2012, when FAW Microcars will have a better market performance.
FAW Micro-vehicle cumulative production and sales volume exceeded 100,000 units in late January-October 2010