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  • FAW Group Corporation, the oldest and largest Chinese automobile manufacturer, aims to increase Hongqi’s sales by 100 percent to 200,000 units this year, and expects Hongqi sales to reach 400,000 in 2022, 600,000 in 2025, and 800,000 to 1 million in 2030.

    The target was announced by FAW Chairman Xu Liuping at the Hongqi Brand Event held at the Great Hall of the People in Beijing on Jan. 8.

    FAW also released its development blueprint for Hongqi premium brand and debuted Hongqi’s new flagship sedan, the H9 at the event.

    FAW has achieved its highest-ever annual sales of Hongqi with a total of 100,166 vehicles sold in 2019, a surge of 200 percent over the same period of the previous year. As of December, 2019, the luxury brand has gained year-on-year growth for the 22th month in a row.

    In the next five years, Hongqi will introduce 21 new models, covering L, S, H and Q series, 18 of which will be new energy vehicles.

    “We will build Hongqi into a benchmark for China’s high-end automobile industry and a role model for local brands, and a well-known automobile brand in the world,” said Xu Liuping at the event.

    FAW is a leading global manufacturer of quality passenger cars, trucks, and buses. Established in 1953, the company is China’s oldest and largest automotive group. Annual sales exceed three million units.

  • FAW Group and Chinese internet giant Alibaba signed a strategic cooperation agreement in Changchun on December 27.

    Based on the Banma Intelligent Operation System, the two parties will jointly develop next-generation intelligent-connective vehicle (ICV), according to the agreement.

    Alibaba will assist FAW Group with the construction of global digital infrastructures by virtue of its domestic and overseas cloud facilities, and help FAW Group improve product R&D, marketing, user services and operation by offering its data intelligence technologies.

    The two parties will also work together to explore the scenarios where cutting-edge technologies like edge computing, Internet of Things (IoT) and blockchain could be put into commercial application.

    Besides, the two parties will conduct cooperation in other fields like intelligent logistics, high-definition mapping and electronic procurement, in a bid to promote the innovation and application of digitization, intelligence and automation technologies in intelligent logistics domain.

    FAW is a leading global manufacturer of quality passenger cars, trucks, and buses. Established in 1953, the company is China’s oldest and largest automotive group. Annual sales exceed three million units.

  • FAW Group announced today that its total sales of Hongqi brand in 2019 had exceeded 100,000 units on Dec 26.

    The luxury car brand has been performing well since it released its new development strategy in January, 2018. The annual sales of 2018 skyrocket 602% over the year-ago period to 33,028 units.

    In the first 11 months of 2019, sales at the brand more than doubled from a year earlier to 88,046 units, a surge of 211% year-on-year. In 2019, Hongqi’s single month sales had exceeded 10 thousand for the first time in August. As of November, it has gained year-on-year growth for the 21th month in a row.

    Hongqi has rolled out two gasoline models this year – the first B-class SUV HS5 and the first C-class Luxury SUV HS7 – as well as an electric crossover Hongqi E-HS3.

    Amid the rising impetus, FAW has also impressed the world with its two all-new models—the Hongqi S9 sports car and the Hongqi E115 all-electric SUV—unveiled at the 2019 Frankfurt International Auto Show in September.

    FAW is a leading global manufacturer of quality passenger cars, trucks, and buses. Established in 1953, the company is China’s oldest and largest automotive group. Annual sales exceed three million units.

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