FAW Hongqi Annual Sales Surpass 400,000 Units in 2024
Hongqi, FAW Group's premium brand, sold 411,777 vehicles in 2024, a 17.4% year-on-year increase.
411,777 units
17.4%
115,000 units
What Happened
FAW Group's premium brand Hongqi announced 2024 annual sales of 411,777 units, a 17.4% year-on-year increase. This continues a seven-year streak of positive growth. The brand's cumulative user base has exceeded 1.66 million.
411,777units
17.4% year-on-year increase
115,000units
43.7% year-on-year leap
Why this matters
This marks seven consecutive years of growth for Hongqi, highlighting its steady expansion in the competitive Chinese luxury car market.
Terms in This Story
- NEV
- New Energy Vehicle, a category in China including battery electric, plug-in hybrid, and fuel-cell vehicles.
Summarised from the linked release; details can be imperfect — always verify against the original source.