Red Flag brand retail sales in October exceeded 37,200 units! New energy sales surpassing 10,000 units.

Red Flag brand records impressive retail sales of over 37,200 units in October! New energy sales surpass the 10,000 mark.

【PhoneAuto News】Official data shows that Hongqi brand achieved a retail sales volume of 37,200 units in October, an increase of 28.5% compared to the same period last year. Among them, the sales volume of new energy vehicles exceeded 10,000 units. This achievement is attributed to the recent comprehensive update and refreshing of the product matrix by the Hongqi brand, as well as the clear strategic layout of the three sub-brands “Red Flag Gold Chrysanthemum,” “Hongqi New Energy,” and “Hongqi Energy-saving Vehicles” within the existing brand architecture.

Hongqi October Sales

According to PhoneAuto, Hongqi brand previously released its sales performance in September this year. The data shows that Hongqi brand sold a total of 39,000 vehicles in that month, an increase of 18% compared to the same period last year, with sales continuing to rise. Among them, the sales volume of the all-new Hongqi H5 reached 12,361 units, the new Hongqi HS5 sold 11,921 units, and the Hongqi E-QM5 set a monthly sales record with 8,971 units.

• Explosive Demand for China’s New Energy Vehicle Exports, Automotive Transport Ship Orders booked until 2026
• Tesla’s electric vehicle sales in the first three quarters were 10 times that of its competitors! Leading by a wide margin.
• In 50 days, the sales of Wenjie’s new M7 have exceeded 80,000 units, surpassing Yu Chengdong’s expectations.

Since the beginning of this year, Hongqi has successively launched various products such as the Hongqi H6, Hongqi HS3, Hongqi HS5, and Hongqi HS7, further improving its product matrix. According to the plan, Hongqi brand aims to achieve a sales volume breakthrough of 1 million units and a sales volume of 500,000 new energy vehicles with an average annual growth rate of 138% by 2025. Sales in overseas markets are expected to account for 10% of the total sales. By 2030, Hongqi brand’s target sales volume will exceed 1.5 million units, with new energy vehicles becoming the main sales force.

Media analysis suggests that Hongqi’s sales growth is due to its investment and layout in the field of new energy vehicles. In the vast development space of the new energy vehicle market, Hongqi actively engages in the research and production of new energy vehicles and has launched a series of competitive new energy vehicle products. In addition, Hongqi brand is also constantly innovating and optimizing in the traditional fuel vehicle field.

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