China: Sedan brand Hongqi posts increasing sales
( MENAFN )Hongqi, an automobile brand under China's most important automaker FAW Group Co., Ltd., saw increasing sales in the first four months of 2021.
According to FAW Group, a total of 91,900 Hongqi-branded cars were vended from January to April, it increased 132 percent year on year.
The group aims to double its last year’s sales of Hongqi cars to 400,000 units in 2021. The brand has rolled out numerous high-end models in addition to new energy vehicles.
Hongqi, meaning "red flag," is China's iconic sedan brand. Founded in 1958, the brand has been used in pageants for nationwide celebrations.
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