FAW Jiefang Group: revenue 2010-2023
In 2023, Chinese automobile manufacturer FAW Jiefang Group reported revenues of 63.9 billion yuan, representing a strong recovery from the underperformance in 2022. The Company completed a major asset restructuring in 2020, resulting in adjusted financials for 2018 and 2019, with Jiefang Auto Ltd. being included in the adjusted consolidated financial statements. In that year, the Group shifted its main activities from the development, production, and sale of passenger cars to that of commercial vehicles.