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FAW Hongqi records sales surge in Jan–May

Updated: June 19, 2023
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Workers move into high gear at one of the production lines of FAW Hognqi. [Photo provided to gojilin.gov.cn]

China's leading electric vehicle manufacturer, FAW Hongqi, based in Changchun city, Northeast China's Jilin province, has recently announced an impressive surge in sales.

The company sold a whopping 25,389 units of electric vehicles between January and May this year, marking a staggering 339 percent increment compared to the previous year. Further analysis indicates that the sales spike has accelerated in May, as figures record a 120-percent increase, hitting a high of over 8,500 units being sold.

The automaker, which only joined the EV market in 2018, is quickly becoming a fierce competitor to leading EV giants in China. The company's current lineup of EVs includes the E-HS3 SUV, the E-HS9 flagship SUV, and the recently launched H5 sedan.

Analysts attribute the sales surge to newly launched new vehicle models and aggressive marketing campaigns deployed by the company. FAW Hongqi is determined to follow through with its ambitious expansion plan, with expectations of skyrocketing sales in the near future.

FAW Hongqi's market success is but a glimpse of the potential of China's booming EV market. With a growing need for eco-friendly and sustainable transportation solutions, the country is poised to take up a significant share of the global EV market.