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On the evening of February 28th, FAW Red Flag released its cumulative sales data from January to February this year. The data showed that FAW Red Flag had accumulated sales of 63800 vehicles from January to February, an increase of 40% over the same period last year. FAW Red Flag achieved 14.18% of this year's sales target in the first two months of this year according to its annual sales target of 450000 vehicles. According to a previous report by the auto industry, FAW Red Flag sold 42100 vehicles in January, up 30 per cent from a year earlier. According to the data calculation, FAW Red Flag sales in February this year was 21700 vehicles, a month-on-month drop of 48%, but compared with February last year sales data, year-on-year increase.
According to the Automotive Business Review, after Qiu Xiandong was promoted to chairman and party secretary of China first Automobile Group Co., Ltd., he immediately began a new round of organizational and personnel changes. Red Flag Brand 2023 Strategy Seminar and China FAW 2023 Strategy Seminar were held successively to clarify the brand battle between China FAW and Red Flag.
According to the usual practice, FAW Red Flag publishes the latest sales figures "on time" on the last day of each month, and February this year is no exception. The difference is that FAW Red Flag no longer publishes separate February sales, but comprehensive sales from January to February. According to the latest data from FAW Hongqi, the cumulative sales of its models from January to February in 2021 exceeded 45500, an increase of 178 per cent over the same period last year. Combining previous data released by FAW Red Flag, it sold 32500 vehicles in January, compared with 13000 in February, down from the previous month. It is not difficult to analyze the reason why FAW Red Flag can be strong.
On January 8, Xu Liuping, chairman of FAW Group, announced his sales target for the next 10 years in the Great Hall of the people. Xu Liuping said at the conference that the new Red Flag brand sold more than 100000 vehicles in 2019, achieving its original target one year ahead of schedule. On the basis of the surge in sales in 2019, the New Red Flag will achieve the sales target of 200000 vehicles in 2020, 400000 vehicles in 2022, 600000 vehicles in 2025 and challenge the sales target of 1 million vehicles by 2030. For Xu Liuping put forward the sales target, in addition to some surprise, more or the red flag sales target.
Recently, FAW Red Flag released the latest sales figures. Sales figures for September showed that Red Flag sales exceeded 10,000, reaching 115.7 million vehicles, up 118 per cent from last year and 15.5 per cent from August. From January to September this year, Red Flag sales reached 63640 vehicles, an increase of 223% over the same period last year. Judging from the current sales trend, Red Flag is expected to reach the target of 100,000 vehicles this year. In the context of the "car market winter", the sales volume of Red Flag has increased continuously, which has an inseparable relationship with the continuous promotion of Red Flag's product line. This year, Red Flag has launched Red Flag HS5 and Red Flag HS7....
On the evening of September 19th, China FAW officially announced that in order to strengthen the core functions of the enterprise and accelerate the promotion of its core competitiveness, starting from the red flag business development strategy, focusing on the needs of the "All in" new energy strategy based on the red flag as the benchmark, China FAW recently strengthened the marketing management system of the red flag brand.
On May 31st, FAW Red Flag released the latest sales figures, showing a cumulative sales of 118000 vehicles from January to May in 2021, an increase of 116% over the same period last year. Based on the previous data released by FAW Red Flag, FAW Red Flag sold a total of 91900 vehicles from January to April 2021, which means that FAW Red Flag sold 26100 vehicles in May this year. It is understood that this year's FAW Red Flag sales target of 400000 vehicles, so far has achieved the target of 29.5%, the remaining seven months need to complete the sales of 282000 vehicles, the pressure is not small. Before this, many netizens questioned why the sales data published by FAW Red Flag were so finished.
On May 1st, FAW Hongqi released the latest sales figures, showing that cumulative sales from January to April in 2021 were 91900 vehicles, an increase of 132% over the same period last year. Based on the previous data released by FAW Red Flag, FAW Red Flag sold more than 70000 vehicles in the first quarter of 2021, that is to say, FAW Red Flag sold more than 21900 vehicles in April this year. It is understood that this year's FAW Red Flag sales target of 400000 vehicles, has achieved the target of 22.97%, the remaining eight months need to complete the sales of 310000 vehicles, the pressure is not small. It should be noted that FAW Red Flag released wholesale sales data, and the final reflection.
On the evening of July 31, FAW Red Flag released the latest data showing that cumulative sales from January to July exceeded 170600 vehicles, an increase of 95 per cent over the same period last year. Combining the previous data released by FAW Red Flag, FAW Red Flag sold a total of 145000 vehicles in the first half of the year, which means that FAW Red Flag sold 25600 vehicles in July this year, down 5.2% from 27000 in June and up 46.3% from 17500 in July 2020. It is understood that this year's FAW Red Flag sales target of 400000 vehicles, so far has achieved the target of 42.65%, the remaining five months need to complete the sales of 230000 vehicles, pressure.
Recently, FAW Red Flag released the latest data showing that cumulative sales in 2021 exceeded 300000 vehicles, an increase of more than 50% over the same period last year. It should be noted that the data released by FAW Red Flag are wholesale sales, that is, the data supplied by the mainframe factory to dealers in bulk, and there is a certain gap between the data and the sales volume that is finally reflected in the market. It is understood that the sales target of FAW Red Flag in 2021 is 400000 vehicles. Although it did not meet the sales target as scheduled, under the influence of the shortage of spare parts, FAW Red Flag can still achieve a 50% year-on-year growth, and its performance is still good. Red Flag brand is the independent high-end brand of FAW Group, the first red flag sedan chair.
Enterprises and governments from China, the United States and Italy signed an investment agreement on February 2, announcing the joint launch of the Red Flag S-Series sports car, which will be launched in China and Italy, xinhuanet.com reported. It is understood that the red flag S-series project will invest 10 billion yuan to build red flag S series sports cars and brands. Red flag S series sports cars will include models such as Red Flag S9 and Red Flag S5, among which Red Flag S9 will be jointly designed by China's FAW China-Europe R & D team. and put into production at the same time in Changchun, Jilin, China and Amelia-Romagne, Italy. With the continuous launch of Red Flag S series sports car follow-up products, R & D and production work will.
Xu Liuping, chairman of China FAW Group, said at the BOE Global Innovation Partnership Conference today that the red flag brand is expected to sell 110000 vehicles in 2019, an increase of 233% over the same period last year, and sales will reach 200000 by 2020. Xu Liuping said that since the launch of the new Red Flag brand development strategy on January 8, 2018, Red Flag has achieved cumulative sales of 33028 vehicles in 2018, an increase of 602% over the same period last year, and 75520 from January to October 2019, an increase of 217% over the same period last year. Judging from the sales data in recent months, the sales volume of FAW Red Flag is indeed continuing to grow.
Xu Liuping, chairman of FAW Group: red Flag, as the No. 1 task of FAW Group, must shoulder this responsibility. In the first quarter of 2019, Red Flag sales were 13300, an increase of more than 780% over the same period last year; in 2018, Red Flag was 33000, an increase of nearly seven times over the same period last year. From January to April this year, China's FAW sales, revenue and profits have increased to a certain extent, of which Red Flag has achieved nearly 10 times growth. Red Flag as the primary task of FAW Group, FAW must assume this responsibility. Redefine the red flag of the brand. At present, four product lines have been launched respectively. He said that the new generation of L series is already in.
Today, FAW Red Flag announced in official Weibo that it will give each gold medalist of the Tokyo Olympic Games a red flag H9, because each gold medal is a red flag flying. So far, China has won 33 gold medals, with each Red Flag H9 selling for more than 300000 yuan. For this news, netizens also posted one after another on FAW Red Flag's official Weibo: I am only one gold medal away from this car, so how many do you want to send? I'm going to exercise now! Wait for the next Olympic Games to win the championship! You remember! Thank you for the relevant comments such as the father of the financier. It is understood that Red Flag H9 will be listed in August 2020, and the new car will be located in medium and large sedans.
Against the backdrop of the overall decline in sales in the domestic car market last year, a red flag brand achieved its annual sales target of 30, 000 vehicles ahead of schedule, reaching 31400. In 2019, the sales volume of FAW Red Flag continues to maintain a good growth momentum. In July, various car brands have successively released their own "report cards" in the past month, and FAW Red Flag is no exception. In May, FAW Red Flag sold 6400 units a month, up 120% from a year earlier. Compared with May, there was an increase in June. FAW Red Flag sales exceeded 8000 vehicles, an increase of 167% over the same period last year, a record high for a single month.
On the evening of September 5, FAW Red Flag released the new energy strategy in the form of "online". Xu Liuping, chairman of China FAW and secretary of the party committee, presided over the conference in virtual form. At the meeting, Red Flag announced three new new energy concept cars, namely New Red Flag Sedan EV, New Red Flag SUV EV and New Red Flag E-
After Qiu Xiandong took over the post of chairman of FAW for nearly half a year, he began to reform the red flag brand. It is reported that from September 8 to September 9 and September 11, FAW Group held Red Flag Brand Strategy Seminar and Ecological Business Strategy Seminar respectively, which systematically reviewed the strategy and made a comprehensive plan.
Another independent automobile company issued an internal notice prohibiting employees from driving vehicles of non-other brands into the headquarters park.
According to data from the China Automobile Association, automobile production and sales completed 18.149 million and 18.371 million respectively from January to September, with production and sales down 11.4% and 10.3% respectively compared with the same period last year. China's automobile production and sales are in a depressed environment, FAW Group's production and sales have also been affected to a certain extent. From January to September, FAW Group's automobile production and sales were 2.41 million and 2.461 million respectively, down 3.4 per cent and 3.7 per cent from the same period last year. At the third China Enterprise Reform and Development Forum, Xu Liuping, chairman of China first Automobile Group Co., Ltd., said that although China's passenger car market has achieved negative growth for 18 consecutive months.
According to media reports, FAW appointed Amedeo Felisa, former chief executive and board member of Ferrari, as the executive chairman of the joint venture and special adviser to the senior advisory committee. Felisa, who has 26 years of Prancing Horse experience, will "participate in the development of the company's global strategy and will supervise all elements of the company's business plan implementation". According to previous reports, in April 2020, Changchun Municipal Government, FAW of China and Silco of the United States signed a letter of intent for the Red Flag S-series project.
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