Hongqi brand announced its October sales jumping 52 percent year-on-year to 35,000 units, setting a new monthly sales record. Hongqi delivered 236,000 units in the first ten months of 2021, a 54 percent rise from a year ago. The brand has achieved excellent marketing performance that the wholesale volume is almost equal to the total production volume from January to October. It was worth mentioning that up to 94 percent of the vehicles were sold as private cars, which benefiting from Hongqi’s “all for the customers” policy.
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.