Hongqi YTD sales rise 66% YoY
Beijing (Gasgoo)- FAW Group's luxury brand Hongqi sold 180,600 vehicles in total year-to-date by the end of August, representing a 66% rise compared to the same period of the previous year, the brand announced on the last day of August.
The brand's total year-to-date sales volume in the first seven months was 170,600 units, indicating a monthly sales number of roughly 10,000 vehicles in August, the lowest monthly results among the first eight months of this year.
Hongqi set an annual sales goal of 400,000 units at the beginning of 2021, but by the end of August, it has just completed 45% of the target. The brand still has a long way to go, considering chip shortages and only four months left.
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