[Epoch Times, July 11, 2022](The Epoch Times reporter Li Bing comprehensive report) Recently, FAW Jiefang, a subsidiary of China FAW Group, released the June production and sales express report. The company’s cumulative sales this year fell by 70.46% year-on-year. Affected by the epidemic, many car companies have shut down production on a large scale.
The biggest drop in FAW Jiefang’s sales was passenger cars. According to the Securities Times, FAW Jiefang sold 65 passenger cars in the first half of the year, down 79% year-on-year.
In addition, heavy goods vehicles and light goods vehicles declined by 74% and 66%, respectively. Mid-size vans saw a modest increase in sales.
From June alone, FAW Jiefang produced 11,800 units and sold 15,400 units in that month, a year-on-year decline.
FAW Jiefang Automobile Co., Ltd. is a wholly-owned subsidiary of the Chinese state-owned FAW Group. FAW Group owns brands such as “Hongqi” and “Jiefang”, and the company is headquartered in Changchun City, Jilin Province.
It is worth mentioning that since the outbreak of the epidemic in China, the CCP authorities have forced the “zero-clearing” policy, and the extreme epidemic prevention and control measures implemented by various provinces and cities have gradually escalated, causing the automobile and other industries to be in trouble. Since March this year, affected by the epidemic, car companies in Jilin, Shanghai and other places have suspended production and production on a large scale, and the production of new cars by some car companies has experienced a cliff-like decline.
According to the Shanghai Automobile Sales Association in a statement on May 16, the epidemic in April had a serious impact on the Shanghai auto market. Almost all dealers in the city were closed due to the closure and control. Entered a difficult stage of operational difficulties. Auto sales in Shanghai were zero in April.
According to the production and sales report released by SAIC, in April this year, SAIC produced 158,200 vehicles, down 62.02% from the same period last year.
Responsible editor: Li Qiong