Chinese automaker FAW Group reports sales surge in Q1 – Buz & Tech

CHANGCHUN, April 8 (Xinhua) — Leading Chinese automaker FAW Group Co., Ltd. sold over 1 million vehicles in the first quarter of this year (Q1), a 74.3 percent year-on-year surge, according to the company. Its own sedan brand Hongqi sold 70,060 units in the period, up 180.2 percent from the same period last year, while 191,060 trucks of Jiefang brand were sold, up 76.8 percent. Meanwhile, the group’s joint ventures FAW-Volkswagen and FAW Toyota reported sales growth of 72.4 percent and 76.6 percent to 550,869 units and 217,102 units, respectively. Founded in 1953 in the northeastern city of Changchun, capital…