Origins to 1991 While the name has endured, the vehicles that bear the brand name have varied significantly. Originally a dignitary's car, to low-end business sedans; Introduced on 1 August 1958, the first Hongqi was the
CA72. By September, a convertible version intended to be used by dignitaries in
National Day parades had appeared. The CA72's design was based on a 1955 Chrysler. From the beginning, the full-size Hongqi was equipped with a V8 engine. and over the years, various versions were released, including a 1965 long-wheelbase model with three rows of seats and a 1969 armored version (CA772). (CA7200/CA7220) and the
Lincoln Town Car and the smaller (1.8-litre) Hongqi
Mingshi.
FAW began production of the third generation of Hongqi vehicles in 2006. Named the HQ3 and based on the
Toyota Crown Majesta, it saw little market success. First year sales totaled near 500, and while the target for the second year was 1,400 units, the HQ3 would not be profitable until annual sales of 5,000 were reached. By October 2007, the price was reduced considerably and the name changed to
Shengshi ("Days of Prosperity") in order to better appeal to private buyers. Debuting by 2013, 30,000 units of the latest Hongqi model were initially expected to be produced, though a year after launch, less than 5,000 had been sold. Sales are through government procurement; the car is billed as "the official car for minister-level officials." A much more expensive model, the L5, was also on sale alongside the H7.
2018 to present FAW Group held the "Hongqi Brand Strategy Conference" in Beijing's
Great Hall of the People on the evening of 8 January 2018. In this conference, the new Hongqi design was released, with a concept car model on display. A new logo was also released at the same time. From 2018 to 2021, the brand experienced extremely high growth, from 33,000 units in 2018 to over 100,000 in 2019, over 200,000 in 2020, and over 300,000 in 2021, a growth of 63 times in 4 years. On 8 January 2023, the Hongqi brand released its global strategy for new energy vehicles. In 2023, Hongqi launched two product lines, "Hongqi Golden Sunflower" and "Hongqi New Energy", based on the main brand, focusing on ultra-luxury cars and pure electric cars respectively. In 2023, the brand re-entered the minibus market for the first time since selling the Hongqi CA630 minibus in the 1980s, with the 23-seat Hongqi QM7. In 2023, FAW had internally announced the establishment of the Hongqi Brand Operations Committee and carried out a series of organizational and personnel adjustments. ==Current products==