FAW-Jiefang 2010 Profit Jumps to 2 Billion Yuan as Sales of Jiefang J6 Trucks More than Tripled

FAW Jiefang, a division of First Auto Works (FAW) and the largest maker of heavy-duty trucks in China, posted a steep rise in 2010 profit. Net income topped 2 billion Yuan last year, compared with less than 300 million Yuan in 2009.

The company delivered 260,000 medium- and heavy-duty trucks in 2010, up from 167,000 units in 2009. Jiefang J6, which accounted for most of the sales and profit growth, sold over 60,000 units, up more than 200% from 18,000 in 2009. For 2011, FAW aims to increase J6 sales further to 80,000 units.

Developed at a cost of 730 million Yuan and over a period of 7 years, Jiefang J6 trucks have gross vehicle weights ranging from 8 to 24 tons and are equipped with engines of 130 to 460 horsepower.

faw J6 truck

The next generation J6, the J7, will be launched in 2015.

The overall Chinese market of heavy-duty trucks expanded 59.93% to reach 1.0174 million units last year, led by FAW, Sinotruk, and Dongfeng (visit here for our report on last year’s truck sales in China).