China's FAW Group [SASACJ.UL] aims to double its annual sales of Chairman M...
Xu Liuping, chairman of China's FAW Group, speaks at an event of Chinese car marque Hongqi, or Red Flag, held at the Great Hall of the People in Beijing, China January 8, 2020. REUTERS/Yilei Sun
Hongqi, launched in 1958 by the state-owned carmaker, will have 21 car models under its marque and 18 of them will be electrified by 2025, Xu said at an event held in China’s Great Hall of People late on Wednesday. But it has seen a recent revival amid a national push to promote Chinese brands and has been President Xi Jinping’s ride of choice during recent military parades.
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