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FAW Group signed a memorandum of cooperation with Russia’s GAZ Group on the 27th, and the two sides will form a joint venture in Russia to start cooperation in medium and heavy trucks.
The contents of the cooperation between the two sides include the establishment of a joint venture company in Russia, production and sales of medium and heavy trucks under the FAW brand. Both sides jointly promote localization and adaptability improvement, and build and improve the sales, service, and spare parts systems in Russia. The joint venture company's products will be sold first in the Russian market. The two sides will jointly negotiate and choose the opportunity to open up the CIS and other markets.
In recent years, FAW Group has made great progress in the heavy-duty heavy-duty field, especially after the liberation of J6 series products into the market, generally accepted by users. In terms of product exports, FAW Group continued to expand its market in Africa, Asia, and other places. In the first half of this year, China exported more than 2,000 heavy-duty heavy trucks, which is a leading position in the domestic industry.
FAW establishes joint venture company in Russia to produce and sell medium and heavy duty heavy trucks