FAW Invests More on R&D

News from First Automobile Works (FAW) Group says that FAW will increase research and development (R&D) investment by 61 percent in the year of 2009. The total spending will reach 4.23 billion Yuan (619 million U.S. dollars) despite the financial crisis.

FAW will focus on energy-saving and environment-friendly products in this year, also it eyes on China rural area market. Auto sales last year in China hit a record 218.4 billion Yuan, up 8.8 percent.

FAW was founded in 1953. Headquartered in Changchun, the capital of the Jilin Province.

Related China Bus News

• Zhongtong Electric City Buses Enable Portugal to Move Closer Towards Zero-Emission Transport 02-27
• Vietnam Warmly Welcomes 207 Units Golden Dragon City Buses on its Road 02-26
• 1,022 Zhongtong Buses to Arrive in Saudi Arabia for Operation 02-22
• 400 Units Foton AUV School Buses Start Operation in Beijing 02-22
• Zhongtong Bus Sales Jump by 81.49% in January,2024 02-20
• Ankai Embraces 2024 by Delivering G9 Buses to Saudi Arabia for Operation 02-19
• Zhongtong Electric Buses Provide Smooth Transportation Services for Africa Cup of Nations 2023 02-18
• Ankai Bus & Coach Sales Up by 169.33% Year on Year in 2023 02-18
• Golden Dragon Bus Overseas Sales Reached a New Record High in 2023 02-05
• 120 Units Zhongtong Electric City Buses to Start Providing Greener Transportation Services in Singapore 01-30
• Higer Overseas Sales Revenue Grew by 70.59% to Reach a New Record High 01-30