Key Automaker Sets Record in ExportsThe Changchun-based First Automobile Works (FAW) Group, China's largest automaker, reaped US$102.4 million in exports last year, up more than 80 percent over 1999.The automobile manufacturer has earned some US$39 million from exporting complete vehicles last year, or 2.5 times of the figure in 1999. Export of car parts, accounting for 13 percent of FAW's total exports value, has become a key component of its export volume. The main export markets are in West Asia, Africa and Middle East. |
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