FAW Group’s Hongqi Brand Sets New Sales Record in 2024
Beijing (Gasgoo)- FAW Group’s luxury brand, Hongqi, has achieved a milestone in its sales performance for the year 2024. With a total of 411,777 vehicles sold, the brand saw a remarkable 17.4% year-on-year increase, marking the seventh consecutive year of growth.
Tiangong 08; photo credit: Hongqi
The popular H5 and HS5 models were the top sellers for Hongqi, with combined sales surpassing 1.1 million units in 2024.
The brand’s focus on new energy vehicles (NEVs) paid off with 115,000 units sold, reflecting a significant 43.7% year-on-year increase. Additionally, Hongqi sold 296,777 energy-efficient vehicles, demonstrating a 9.6% rise from the previous year.
Hongqi also delivered 1,100 units of its premium JINKUIHUA ultra-luxury vehicle lineup and expanded its reach with the establishment of 31 new delivery and service centers.
Innovation was a key theme for Hongqi in 2024, with the introduction of the Tiangong all-electric vehicle platform and the Jiuzhang intelligent platform. The highly anticipated Tiangong 08, a luxury electric SUV, is scheduled for release on January 7, following its successful pre-sales launch at Auto Guangzhou 2024 with prices starting at 239,800 yuan.
