China FAW Group to establish heavy truck joint venture in Russia

16:36, September 28, 2010      

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The First Automobile Works (FAW) in China signed a Memorandum of Cooperation with the GAZ Group in Russia on Sept. 27 to establish a joint venture in Russia to produce and sell medium heavy-duty trucks, the China FAW Group announced on Sept. 28.

According to sources, the cooperation will include establishing a joint venture in Russia to produce and sell FAW-brand medium heavy-duty trucks, promoting the localization and improving the adaptability of heavy-duty trucks as well as establishing and perfecting sales, service and spare parts system. The products will first be sold in the Russian market. Both sides will consult and take opportunities to develop markets in the Commonwealth of the Independent States and other regions in the future.

In recent years, the FAW Group has made considerable progress in the field of medium heavy-duty trucks. Especially after entering into the market, the J-6 series of products are generally recognized by consumers.

In terms of exporting products, FAW Group has been expanding markets in Africa and Asia and exported more than 2,000 medium heavy-duty trucks in the first half of 2010. FAW holds a leading position among domestic industries.

By People's Daily Online


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