FAW

FAW Jiefang is a leading enterprise in China's heavy-duty Truck market. In the first quarter of 2025, it won the first place in the industry with a terminal market share of 25.2%, and occupies a leading position in segmented markets such as Tractor, Cargo truck, and natural gas heavy-duty truck. The following is the key information integration:

 

Market position and sales performance

 

In the first quarter of 2025, FAW Jiefang's terminal market share in the domestic medium and Heavy Truck market reached 25.2%, with sales of tractor trucks, cargo trucks, and natural gas heavy-duty trucks (NG vehicles) ranking first in the industry.

In March, sales increased by 5.62% month on month, reaching 27072 vehicles, and overseas market exports exceeded the 10000 vehicle mark for the first time.

Internationalization and layout of new energy

 

Internationalization Strategy: Through SPRINT2030 internationalization strategy, accelerate the layout of markets such as Australia, Indonesia, Vietnam, and cooperate with South Korea to develop localized products.

In the field of new energy, the sales volume of new energy vehicles in the first quarter increased nearly four times year-on-year, and the terminal share of new energy traction vehicles reached 16.5%. Under favorable policies, the proportion of natural gas heavy-duty trucks has significantly increased, with gas vehicles accounting for 80% of new car sales in places such as Shanxi and Shandong.

Technical and product advantages

 

Mastering the independent research and development capabilities of core technologies such as engines and transmissions, representative models such as the Jiefang JH6 gas heavy-duty truck have won industry awards and recognition for their fuel saving performance and cost advantages.

The target for 2025 is to challenge the sales of 330000 vehicles (including 80000 overseas vehicles and 46000 new energy vehicles).

Industry environment and challenges

 

The policy of phasing out old trucks has promoted the transition of the market towards new energy and gas vehicles, but the sluggish economic environment has led to a decline in sales in some regions (such as Shanxi and Shandong markets, where the decline has reached 60% -70%).

The US tariff policy has no direct impact on FAW Jiefang, which has a strong ability to resist risks.