#Latest news with #ChineseLeadersBloomberg12-05-2025AutomotiveBloombergChinese Elite's Favored Car Brand Is Getting a Modern MakeoverOne of China's oldest car brands is remaking itself for the modern era. Hongqi, the marque that's ferried Chinese leaders for decades, is now setting its sights on carving out a greater share of the country's booming electric car market. It's even teased a foray into aerial mobility as part of its 'all in' new-energy vehicle push that's seen it stop all new investment in gasoline-engine technology.
Bloomberg12-05-2025AutomotiveBloombergChinese Elite's Favored Car Brand Is Getting a Modern MakeoverOne of China's oldest car brands is remaking itself for the modern era. Hongqi, the marque that's ferried Chinese leaders for decades, is now setting its sights on carving out a greater share of the country's booming electric car market. It's even teased a foray into aerial mobility as part of its 'all in' new-energy vehicle push that's seen it stop all new investment in gasoline-engine technology.