FAW Jiefang announces its new energy strategy in Changchun, Jilin province, Sept 29. [Photo provided to gojilin.gov.cn]

FAW Jiefang, a major auto manufacturer based in Changchun, Northeast China's Jilin province, announced its new "15333" energy strategy during a meeting marking the establishment of its new energy division on Sept 29.

The company will strive to boost sales of its new energy vehicles to 120,000 by 2025, 320,000 by 2030, and 500,000 by 2035, accounting for 20 percent, 50 percent and 70 percent of total sales respectively. 

Xu Liuping, president of FAW Group, delivers a speech, Sept 29. [Photo provided to gojilin.gov.cn]

The "1" in the "15333" new energy strategy represents the company's singular vision. FAW Jiefang will strive to become a global commercial vehicle technology leader, standard setter, and value creator, and provide customers with new energy smart transportation solutions.

The "5" represents the five major product types – heavy, medium, light, micro, and passenger vehicles.

The first "3" represents the three technical routes of pure electric power, hybrid power, and fuel cell; the second "3" represents the three major layouts in the fields of research and development, production capacity, and ecology; and the last "3" represents three new energy exclusive services.

It is reported that during the 14th Five-Year Plan period (2021-25), FAW Jiefang will invest more than 20 billion yuan ($3.09 billion) in R&D to build a global new energy innovation base with Changchun as the headquarters.

FAW Jiefang will also build an exclusive base for fuel cell vehicles and systems, an exclusive base for pure electric vehicles and power batteries featuring wind, light and green energy, and a new energy resource group covering key markets across the country.

FAW Jiefang's new energy department is unveiled, Sept 29. [Photo provided to gojilin.gov.cn]