FAW Group Corporation (FAW) announced on June 30 that Hongqi brand sold 145,000 vehicles in the first half of this year, surging 107% compared with the same period of last year.
Hongqi has formed a pretty mature product portfolio, which consists of the sedan series including the H5, the H7, and the H9, and the SUV family embracing the HS5, the HS7, the E-HS3, and the E-HS9. The products cover a price range from 150,000 yuan to 700,000 yuan.
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.