Hongqi HS7 PHEV

Strengthening National Auto Brands: FAW Group's Current Achievements and Future Vision

Domestic Brand Sales and Market Share

In 2024, FAW Group's domestic brands demonstrated remarkable performance. The group sold 819,000 self-developed vehicles, representing 14.7% year-on-year growth. The Hongqi luxury brand alone achieved 410,000 annual sales with 17.4% growth, marking seven consecutive years of positive growth.

The strong momentum continued into Q1 2025 with FAW Group selling 762,000 vehicles (2.5% increase). Domestic brands contributed 223,000 units (7.4% growth), while new energy vehicle sales surged to 59,000 units - an impressive 152% jump compared to previous year.

Technological Innovation and Core Breakthroughs

FAW Group has made significant strides in technological innovation. In 2024, Hongqi launched its "SIGHT 531" development strategy focusing on overcoming technical bottlenecks and achieving self-sufficiency in critical technologies. The group introduced two groundbreaking platforms: "Tiangang" pure electric platform and "Jiuzhang" intelligent platform, accelerating its push into the new energy vehicle sector.

The three main domestic brands - Hongqi, Jiefang, and Bestune - have collectively broken through 245 key core technologies, with many innovations ending foreign monopolies and being implemented in production models. FAW Group secured 2,341 patents, including 1,705 invention patents.

Smart Manufacturing and Green Initiatives

FAW's manufacturing facilities, like the Hongqi Prosperity Plant, showcase cutting-edge smart manufacturing capabilities. The plant features 14 automated production lines with capacity to produce one vehicle per minute. Intelligent robots and data sensing systems enable comprehensive process control and data storage throughout production.

The facility emphasizes sustainability through solar power generation and rainwater collection systems, annually providing 14 million kWh of clean energy and saving over 10,000 tons of water.

Global Market Expansion

FAW's international presence grew substantially in 2024, with Hongqi models seeing particularly strong export growth. The group is actively developing emerging markets in Southeast Asia and Europe through local factory construction and distribution network expansion, enhancing its global competitiveness.

Future Development Strategy

2025 marks a crucial year for China's automotive industry transformation. FAW Group will maintain its "Independent, Innovative, Green, and Smart" development strategy while increasing investments in new energy and intelligent technologies. The group aims to optimize product offerings and improve service quality to further strengthen its domestic brand market position.

Key focus areas include:

  • Technology Innovation: Continued advancement in NEV and smart connectivity fields, including breakthroughs in 200V domestic semi-bridge power component packaging technology and successful trial production of the M220-01 dual-motor electric drive system.
  • Global Growth: Expanded overseas operations through technology showcases and brand promotion events highlighting FAW's innovation capabilities.
  • Industry Leadership: Active participation in international and domestic standard-setting, leading or contributing to 27 industry standard revisions.

Through these initiatives, FAW Group strives to enhance its brands' competitiveness and global influence while driving high-quality development in China's automotive manufacturing sector. For comprehensive export services including logistics and customs clearance, international buyers can rely on TopUsedCars.com as their one-stop solution partner.