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China’s iconic sedan brand Hongqi sees rosy sales in Jan-April

Abstract : Hongqi, an automobile brand under China's leading automaker FAW Group Co., Ltd., posted rising sales in the first four months of the year.

CHANGCHUN, May 5 (Xinhua) — Hongqi, an automobile brand under China’s leading automaker FAW Group Co., Ltd., posted rising sales in the first four months of the year.

A total of 91,900 Hongqi-branded vehicles were sold from January to April, up 132 percent year on year, according to FAW Group.

The group plans to double its 2020 sales of Hongqi vehicles to 400,000 units this year. The brand has rolled out multiple high-end models as well as new energy vehicles.

Hongqi, meaning “red flag,” is China’s iconic sedan brand. Established in 1958, the brand has been used in parades for national celebrations.

Founded in 1953 in the northeastern city of Changchun, capital of Jilin Province, FAW Group is regarded as the cradle of China’s auto industry. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s iconic sedan brand Hongqi sees rosy sales in Jan-April

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