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Plants/Manufacturing,
Luxury,
sedan
BEIJING/SHANGHAI (Reuters) - China's FAW Group aims to double its annual sales of Chairman Mao Zedong's carmaker of choice, Hongqi, or Red Flag, to 200,000 units this year and grow them further to 1 million cars in the next decade, its chairman Xu Liuping said. 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. Hongqi, based in the
Continue reading Carmaker Red Flag, favorite of Chairman Mao, eyes 1m customers by 2030
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Carmaker Red Flag, favorite of Chairman Mao, eyes 1m customers by 2030
