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China FAW Group Tapping Russian Market

05-04-2007

FAW Group Import and Export Corporation (FAWIE), the international sales division of FAW Group, plans to export over 20,000 vehicles to Russia within the next two years, including city buses, tourist coaches, and commercial light, medium, heavy trucks and passenger cars. Sales will include completely built-up (CBU) vehicles as well as CKD and SKD kits.

"Our target is to turn Russia into a core regional base of FAW Group's international sales strategy," said Li Weidou, general manager of the FAW Group Import and Export Corporation.

FAWIE has aggressively expanded its international sales in recent years, having exported over 70,000 vehicles as CBUs and CKD/SKD kits to more than 70 countries around the world, in addition to OEM/aftermarket parts and components. The company has established overseas production facilities in Pakistan, South Africa, Tanzania, Ukraine, and Vietnam, and will soon add Russia to the list. Overall, FAWIE exported 14,256 vehicles in 2006, a 63 percent jump over the previous year, with sales of US $148 million.

 


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