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At the 2021 China Automotive Industry Development (Teda) International Forum, Wang Guoqiang, director of China first Automobile Group Co., Ltd., said that except for vehicles with special needs in individual countries, all products of the Red Flag brand will be fully electrified by 2030. By 2025, Red Flag will launch a total of 28 new products, with total sales of more than 1 million vehicles. Among them, 15 new energy vehicle products will be launched, and new energy vehicle sales will account for 40% of Hongqi brand's total sales, which will exceed 400000.

In recent years, new energy electrification has been sought after all over the world, and Red Flag has also launched several new energy products, such as E-HS9, Red Flag E-QM5, Red Flag E-HS3, to meet the development trend of new energy vehicles in the future, but its new energy sales are not good. In July, Red Flag E-HS3 was 596 and Red Flag E-QM5 was 38.

As early as 2018, BAIC announced that it would completely stop selling fuel cars in the national market in 2025. In March this year, German luxury car brand Audi announced that it would stop developing gasoline or diesel engines and would completely switch to the development and production of electric cars in 10 to 15 years' time. In October 2017, Changan Automobile also released the Shangri-La Plan, which will invest 100 billion yuan in the whole field of new energy vehicles and completely stop the sale of traditional fuel vehicles in 2025. Seahorse also announced that fuel vehicles will be completely phased out in 2025. The Fiat Group also announced a timetable for suspending the sale of traditional fuel vehicles under its brands in 2017. Maserati has only produced pure electric and hybrid models since 2019. In 2021, the Jeep brand will all use the electric version. In addition, Jaguar Land Rover also said that all newly released Jaguar Land Rover models will be electrified from 2020. Volkswagen also said that by 2030 at the latest, all models will be electrified and the sale of traditional fuel cars will be completely stopped.

New energy vehicles have also become the tuyere position of the automobile industry, and many countries have successively introduced timetables for banning the sale of fuel vehicles and relevant policies to support the development of new energy vehicles, and most car companies have also echoed the market. announced that it is about to become a pure electric vehicle brand. According to relevant data, 2.84 million new energy passenger cars were sold in the world from January to July, and China's new energy passenger vehicles accounted for 48 per cent of the world. Among them, China accounted for 53% of the world's new energy vehicles in July 2021. From January to July, the production and sales of new energy vehicles in China were 1.504 million and 1.478 million respectively, exceeding last year's annual production and sales of 1.366 million and 1.367 million. It is not difficult to see that new energy vehicles are showing an upward trend.

It is worth noting that at present, Red Flag car models have covered vehicles in all fields, including high-end passenger cars, high-end special cars, online car-hailing market, and so on. To a certain extent, Red Flag brand does have certain achievements, but it faces a lot of problems. It continues to shine in the fuel car market, but it is not very satisfactory in the new energy market, which may also be related to its vehicle positioning. After the full realization of electrification, how sales will be, we will also wait and see.

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