FAW first revealed the Oley compact sedan at the Guangzhou Auto Show in December 2011. In March 2012, the production of the Oley sedan started. The Oley, as told, will compete in the middle/low-end of the market, targeted towards younger customers.
On April 19th, the Oley compact sedan officially went on sale with prices ranging from 62,800 Yuan (8.89 lac PKR) to 89,800 Yuan (12.71 lac PKR). Six versions are available, all powered by a FAW-developed 1.5 liter rated 75kW/6000rpm and 135Nm/4400rpm. A 5-speed manual and 4-speed automatic transmissions were provided, both from Aisin.
The Oley is derived from an upgraded version of the VW Jetta PQ32 platform. FAW calls it a PQ32+ while still using the original PQ32 to build second generation Jetta in China in partnership with Volkswagen.
Sitting on a 2525mm wheelbase, FAW Oley is 4485mm long, 1660mm wide, and 1465mm tall. It has a lively and perky style that targets the youth. "Oley" is said to come from the Spanish word "Olé," which expresses excited approval and is often heard by Chinese watching soccer games.