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FAW Hongqi took the lead in publishing sales data in June and the first half of the year. According to official data, FAW Hongqi brand sales volume in June was 15380 sets, with a year-on-year growth of 92%. From January to June, the accumulated sales volume was 70000 sets, with a year-on-year growth of 111%. The growth of sales volume of Hongqi brand has also become one of the few independent brands to maintain growth in 2020.

Brand transformation, product line increase, resulting in terminal sales growth. At present, FAW Hongqi brand has L5, H7 and H5 sedan products, as well as HS7, HS5 and E-HS3 SUV models.

In terms of new cars, Hongqi brand plans to launch H9 sedan, brand-new H7, H5 modification, etc. in 2020, as well as the launch of production model Hongqi E-HS9.

The Hongqi H9, which is positioned as a medium and large sedan, will be launched in July. The new car will provide 2.0T+48V light hybrid system and 3.0L V6 supercharged power. The transmission will match the 7-speed DCT dual clutch gearbox. The market positioning of Hongqi H9 is higher than that of Hongqi H7, and it will become the flagship car of mass production under the brand. It has been innovated in design. It adopts brand-new family language, including straight waterfall grille shape, red flag unique front LOGO, lamp strip around the head and two-color body painting, etc., all of which highlight the high-end positioning of Hongqi H9.

Red Flag brand internal code E115 brand-new production model has been completed in the factory production, the new car is expected to be named E-HS9, positioning large pure electric SUV. Relevant documents show that Hongqi will start production of pure electric SUV code E115 in 2020, with a total investment of 1.75 billion yuan and a maximum production of 51,500 vehicles within six years.

The cumulative sales volume of Hongqi brand in 2019 is 100,000 vehicles, and the target of selling 200,000 new vehicles by 2020 is set. At present, the annual production capacity of Hongqi Factory is 150,000 vehicles. The company plans to add 50,000 new production capacity. The new production capacity will be used for the production of H5, HS5 and EV models. At that time, the total production capacity will reach 200,000 vehicles.

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