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  • FAW Group Corporation (FAW) announced on April 1 that it sold 743,000 complete vehicles in the first quarter of 2024 (Q1), a year-on-year growth of 9.5%. The sales of self-owned brand vehicles reached 208,000 units, marking a year-on-year increase of 46.1%. The Hongqi brand saw its Q1 sales grow 64.3 percent from a year ago to a new high of 100,300 vehicles.

    In the same period, FAW witnessed positive growth in cumulative output, sales and revenue. Moreover, the growth rate of NEV sales and export sales has outpaced the industrial level. 

    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.

  • On March 27, FAW Group’s premium auto brand Hongqi officially put the GUOYUE luxury bus model onto the market. Coming with three trim levels – the 3.0T 20/23-Seater Basic Version, the 3.0T 17/19-Seater Luxury Version, and the 3.0T 17-Seater Flagship Version – the GUOYUE features a price range of 468,000 yuan to 598,000 yuan.

    Positioned as a flagship luxury bus, the GUOYUE inherits Hongqi’s iconic design concept of “noble, excellence and artistic conception”, and boasts outstanding features of “oriental aesthetics, safety, reliability, comfort and luxury”. The launch of the Guoyue marks the comprehensive coverage and new layout of Hongqi in the official vehicle market.

    At the event, FAW Hongqi also delivered the first batch of 100 Guoyue buses to customers.

    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.

  • On March 20, the Hongqi EH7 electric sedan, the first strategic model under FAW’s Hongqi New Energy Brand, hit the market with a price ranging from 229,800 yuan to 309,800 yuan.

    Riding on Hongqi’s exclusively designed FMEs platform architecture, the EH7 delivers a maximum power of 455 kW, and can zip from 0-60km/h in only 1.8 seconds and 80-120km/h in 2.3 seconds.

    Designed beyond the dual five-star safety standards of the Chinese C-NCAP and European E-NCAP, the EH7 can provide users with comprehensive passive, active and battery safety.

    Moreover, the EH7 adopts Hongqi’s self-developed hexahedral insulation technology for battery cells and uses nanoscale aerospace-level insulation materials, ensuring that each battery cell is in safe working state.

    In terms of range, the EH7 can achieve a maximum CLTC-rated range of 820 kilometers. With a 5-minute charge, it can replenish up to 215 km of energy. 

    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.

CSR

Corporate Social Responsibility

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