BrandWikiReturn

Bestune

FAW Bestune Automobile Co., Ltd., commonly referred to as 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 and based on the Mazda 6, made its debut as the first model with the Besturn name.[2]

The second model of the brand, the 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] debuting at the 2012 Moscow International Automobile Salon.[7] It was reported to have a joint venture with Avtotor to manufacture the Besturn X80 in Russia in 2015.[8] The Besturn X80 entered 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. 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 as listed in the capital market.[11]

On 15 December 2022, Bestune announced the reveal of a new 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. 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

Current models

Discontinued models

Concept

  • Bestune C105 Concept (2019)
  • Bestune T99 Concept (2019)
  • Bestune B² Concept (2020)
  • Bestune Pony Concept (2023)

Sales

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

See also

  • Automobile manufacturers and brands of China
  • List of automobile manufacturers of China

External links

References

  1. Besturn B90 Sedan spotted out testing chinacartimes.com, 27 October 2010^
  2. FAW Launches Besturn C301 Performance Luxury Sedan Xiao Li and Wei Xin. FAW Official Site, 13 Sep 2006^
  3. Besturn B90 to launch this year to be Mazda6 based chinacartimes.com, 24 March 2011^
  4. About Besturn FAW Car Company Official Site^
  5. Chinese Auto Maker FAW Launches Car Sales in Russia^
  6. FAW-Besturn B50 is a Toyota in Russia - CarNewsChina.com 22 February 2013^
  7. FAW will present a new sedan Besturn B50 in Moscow motor show eng.autostat.ru^
  8. FAW to have 32 distributors in Russia - Xinhua - English.news.cn news.xinhuanet.com^
  9. FAW has started manufacturing new models in Russia 6 March 2017, retrieved 14 September 2017^
  10. Bestune Sales Data & Trends for the Chinese Automotive Market (retrieved 12 July 2020)^
  11. 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 www.sohu.com, retrieved 2023-09-19^
  12. (retrieved 9 March 2023)^
  13. 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 auto.china.com.cn, retrieved 2023-09-19^
  14. 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 t.cj.sina.com.cn, retrieved 2023-09-19^
  15. Bestune Market Sales. GCBC GCBC, retrieved 2023-10-26^