Bestune Explained

Bestune
Native Name:一汽奔腾
Former Name:Besturn (2006–2018)
Type:Subsidiary
Area Served:Worldwide
Location City:Changchun
Location Country:China
Industry:Automotive
Products:Automobiles
Parent:FAW Group (86.16%)FAW Equity Investment (11.87%)Jiangsu Yueda Automotive Group (1.97%)
Homepage:https://benteng.faw.cn/

Bestune, formerly known as Besturn, is an automotive marque owned by the Chinese automaker FAW Group.[1]

Bestune currently produces budget passenger vehicles for the FAW Group.

History

In 2006, the Besturn B70, which was developed based on Mazda 6, made its debut as the first model of Besturn brand.[2]

The second model of the brand, Besturn B50 made its debut in 2009.[3] [4]

In 2012, Bestune began to sell its vehicles in the Russian market with the B50 as the first model sold,[5] [6] which debuted at the 2012 Moscow International Automobile Salon.[7] It was reported to have a joint venture with Avtotor to manufacture Besturn X80 in Russia in 2015.[8] The Besturn X80 started manufacture in Russia in April 2017 and FAW announced that it would sell at least two to three more models by 2018.[9]

At the end of 2018, the manufacturer decided to rename Besturn's English name to Bestune.[10] The Chinese name Benteng remained unchanged.

In December 2020, FAW Group announced the restructure of FAW Bestune and FAW Jiefang. The Bestune was transferred from FAW Car to FAW Corporation Limited (FAW Group) and will operate independently as a wholly-owned subsidiary of FAW Group. FAW Jiefang was set to listed in the capital market.[11]

On December 15, 2022, Bestune announced the release of a new product brand logo.[12]

In December 2022, the FAW Group announced the transfer of 17.02% FAW Jiefang share to Bestune, providing financial support to Bestune.[13]

In September 2023, Bestune announced the completion of its capital increase project, the registered capital increased from CNY 6.0 billion to CNY 8.4 billion. With Yueda Automotive Group, a subsidiary of state-owned Yueda Group, became the first external investor introduced to Bestune. FAW Corporation Limited (FAW Group), FAW Equity Investment, and Yueda Automotive Group hold stakes of 86.16%, 11.87%, and 1.97%, respectively. [14]

Products

See also: List of FAW vehicles.

Current models

Discontinued models

Concept

Sales

Below are tables showing sales of Bestune models from the last couple of years. [15]

NAT!Year!Sales
20219,118
202219,111
T99!Year!Sales
20193,956
202013,054
20216,268
20222,184
T77!Year!Sales
201810,757
201945,908
202028,344
202114,300
202210,247
T33!Year!Sales
20194,999
20203,812
20217,860

See also

External links

Notes and References

  1. http://www.chinacartimes.com/2010/10/27/besturn-b90-sedan-spotted-out-testing/ Besturn B90 Sedan spotted out testing
  2. http://www.faw.com/news/dzjy_jybj/jyzb/20060913145000058.htm FAW Launches Besturn C301 Performance Luxury Sedan
  3. http://www.chinacartimes.com/2011/03/24/besturn-b90-to-launch-this-year-to-be-mazda6-based/ Besturn B90 to launch this year to be Mazda6 based
  4. http://www.faw-besturn.com/english/About-Besturn.html About Besturn
  5. Web site: Chinese Auto Maker FAW Launches Car Sales in Russia.
  6. Web site: FAW-Besturn B50 is a Toyota in Russia - CarNewsChina.com. 22 February 2013.
  7. Web site: FAW will present a new sedan Besturn B50 in Moscow motor show. eng.autostat.ru.
  8. Web site: FAW to have 32 distributors in Russia - Xinhua - English.news.cn. news.xinhuanet.com.
  9. Web site: FAW has started manufacturing new models in Russia. 6 March 2017. 14 September 2017. 14 September 2017. https://web.archive.org/web/20170914220557/http://rusautonews.com/2017/03/06/faw-has-started-manufacturing-new-models-in-russia/. dead.
  10. https://carsalesbase.com/china-bestune/ Bestune Sales Data & Trends for the Chinese Automotive Market
  11. Web site: 年赚440亿一汽整体上市新进展:奔腾独立运作打通集团支持 经观汽车_股份 . 2023-09-19 . www.sohu.com.
  12. https://www.marklines.com/en/news/280536
  13. Web site: 一汽股份无偿划转一汽解放17.02%股权 助力一汽奔腾_汽车_中国网 . 2023-09-19 . auto.china.com.cn.
  14. Web site: 财经头条 . 一汽奔腾增资完成工商变更 悦达汽车集团入股一汽奔腾 . 2023-09-19 . t.cj.sina.com.cn.
  15. Web site: Sales . Bestune Market . GCBC . 2023-10-26 . GCBC . en-US.