Hongqi sells over 180,000 vehicles from January to August

Hongqi, a brand of FAW Group, posted an increase of 66 percent in sales between January and August this year.

About 180,600 Hongqi-branded vehicles were sold during the period, said FAW Group, adding it prepares to double its 2020 sales of Hongqi vehicles to 400,000 units this year.

Meanwhile, the automaker has sped up the development of new energy vehicles (NEVs). A factory focusing on electric vehicles with an investment of 8 billion yuan (about 1.24 billion U.S. dollars) is set to start production by the end of October this year.

Last month, FAW announced that it would operate more than 100 Hongqi smart cars in Changchun.