China FAW Group Co., Ltd. announced a development plan for its car brand Hongqi on April 23, targeting operations in over 100 countries and regions with 1,000 sales and service outlets in five years.

FAW will establish five overseas hub clusters in markets including Southeast Asia, Europe and Latin America. The company will also establish more localized low-carbon R&D centers, supply chain and operation centers, achieving an annual overseas production capacity exceeding 200,000 vehicles and creating over 20,000 new jobs across upstream and downstream sectors.

Leveraging its three major technological platforms, namely the Hongqi Tiangong electric platform, the Hongqi Honghu hybrid platform and the Hongqi Jiuzhang intelligent platform, Hongqi plans to roll out more than 20 new models worldwide.

FAW is a leading global manufacturer of quality passenger cars, trucks, and buses. Established in 1953, the company is China’s oldest and largest automotive group. Annual sales exceed three million units.

| Editor: Duying
| Initial Review Chen Duohua
| Second Review: Liu Shumei
| Final Review: Li Xiang