China’s luxury auto brand Hongqi has announced a major growth target for 2025. Qiu Xiandong, Chairman of the Board of FAW Group—the parent company of Hongqi—stated at the Shanghai Auto Show that the brand aims to deliver 500,000 vehicles by the end of 2025.
Xiandong noted that about half of these deliveries will consist of new energy vehicles (NEVs), meaning 250,000 units will be fully electric (BEVs) or plug-in hybrid (PHEV) models. This announcement underlines Hongqi’s firm commitment to electrification and its evolving strategy for a sustainable future.
Hongqi also closed 2024 with stronger-than-expected performance, achieving a total of 411,777 vehicle deliveries—a 17.4% increase compared to the previous year. This growth not only strengthens Hongqi’s position in the domestic market but also marks a significant step forward in its global expansion strategy.
The brand’s upward trajectory aligns with China’s broader ambition to position its homegrown luxury brands as influential players on the global stage. With eye-catching designs and advanced technologies, Hongqi is gaining traction in key markets such as the Middle East and Europe.
Source: Reuters
Comments
Rating: