Net profit of FAW Jiefang Group in China 2010-2023
In 2023, the Chinese vehicle manufacturer FAW Jiefang reported a net profit of 763 million yuan, representing an increase of more than 100 percent compared to the previous year, yet still significantly lower than the figures between 2018 and 2021. In 2020, FAW Jiefang restructured its assets and shifted its main business from the development, production, and sales of passenger cars to that of commercial vehicles.