CHANGCHUN, Aug. 2 (Xinhua) -- Hongqi, a car brand under China's leading automaker FAW Group Co. Ltd., recorded over 170,600 vehicle sales between January and July this year, an increase of 95 percent year on year.
FAW Group attributed its soaring sales to the diversified consumption options of Hongqi-branded vehicles. The group plans to double its 2020 sales of Hongqi vehicles to 400,000 units this year.
Hongqi, meaning "red flag," is China's iconic sedan brand. Established in 1958, the brand has been used in parades for national celebrations.
Founded in 1953 in the northeastern city of Changchun, the capital of Jilin Province, FAW Group is regarded as the cradle of China's auto industry. Enditem