Latest news with #FAWGroup
South China Morning Post
19 hours ago
- Automotive
- South China Morning Post
FAW, China's oldest carmaker, eyes 10% of Leapmotor to boost stake in EV surge
FAW Group , mainland China's oldest carmaker, plans to acquire a 10 per cent stake in Stellantis-backed electric vehicle (EV) maker Leapmotor , as the state-owned automotive giant looks to enhance its competitiveness in the segment, according to Cailian, a Shanghai-based financial news outlet. The investment would pave the way for the two companies to jointly develop new EV models, fine-tune supply-chain management and bolster overseas expansion, the report said. Leapmotor declined to comment, while FAW could not be immediately reached for comment on Wednesday. Two sources with knowledge of FAW and Leapmotor's thinking said the companies were putting the final touches on an investment agreement that would benefit both parties by controlling costs and boosting research and development. FAW's Hongqi cars are assembled in Changchun, capital of Jilin province. Photo: Xinhua The deal would make FAW China's first state-owned carmaker to own a stake in an EV start-up.
Yahoo
11-08-2025
- Automotive
- Yahoo
Audi introduces new EV and combustion models tailored for Chinese market
Audi has launched a new range of vehicles in China, including noth electric and combustion-engine models, specifically designed for the local market. The Audi Q6L e-tron and Audi Q6L Sportback e-tron, based on the Premium Platform Electric (PPE), and the Audi A5L and Audi A5L Sportback, built on the Premium Platform Combustion (PPC), were introduced during a launch event in Hangzhou last week. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You The Insurance Savings You Expect Great Rates and Award-Winning Service The commercial availability of the Audi A5L Sportback began at the beginning of the month. The Q6L e-tron and its Sportback variant are the first localised models using the PPE architecture, offering superior driving and charging performance, range, and efficiency, according to Audi. These vehicles also come equipped with a China-specific infotainment system and an extended wheelbase. The Audi A6L e-tron, another PPE model, was initially showcased at Auto Shanghai 2025. Audi FAW NEV Company, a joint venture between Audi and Chinese state-owned automaker FAW Group, is responsible for producing these models at a new facility in Changchun in China's Jilin province. The plant began commercial production of battery EVs last year. The launch also includes the next generation of Audi's mid-size class, with the Audi A5L developed in collaboration with FAW and the Audi A5L Sportback with SAIC. Both PPC-based models are equipped with advanced driver assistance features. In June 2025, Audi, in collaboration with Storm Reply, developed an AI-powered digital assistant, Devbot, to revolutionise its cloud management activities. This tool, leveraging Agentic AI technologies, will offer Audi's Cloud Foundation Services team automated support and real-time personalised recommendations, streamlining the use of cloud infrastructure within the company. In April, Audi halted the distribution of its vehicles at US ports after the implementation of a 25% tariff by the US government. "Audi introduces new EV and combustion models tailored for Chinese market" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
CNA
23-07-2025
- Automotive
- CNA
Chinese car brand Hongqi, touted as ‘China's Rolls-Royce', to debut in Singapore in 2026
Premium Chinese car manufacturer Hongqi is set to make its Singapore debut in the first half of 2026. Often touted as China's answer to Rolls-Royce, Hongqi means 'red flag' in Chinese and is a symbol of national pride as the carmaker is known for producing the state limousines used by Chinese President Xi Jinping and other Chinese dignitaries, heads of state and VIPs. It is also the country's oldest and most expensive car brand, established by China's state-owned FAW Group in 1958. Spearheading Hongqi's 'eastern luxury' design philosophy is chief creative officer Giles Taylor, a British car designer and former chief designer at Rolls-Royce and Jaguar, after all. As part of Hongqi's ambitions to become a global brand, the company has embarked on expansion plans to establish its presence in Southeast Asia, Europe and Latin America. In Singapore, automotive industry titan Eurokars has been appointed the official dealer for Hongqi, which is also the distributor for Rolls-Royce, BMW, McLaren, Pagani and other mid-range to luxury car marques. A dedicated showroom is slated to open at the Leng Kee Road automotive belt next year, alongside a line-up of vehicles featuring a mix of powertrain options, including two fully electric vehicles (EVs). Three models will be introduced during the initial phase of Hongqi's Singapore launch: The E-HS9, a fully-electric large sport utility vehicle (SUV) said to be priced around 590,000 yuan (US$82,200; S$105,413) and considered to be a competitor to the BMW X5 and Mercedes-Benz GLE, as well as the G117, a premium mid-size SUV, and the E007, a fully-electric compact SUV unveiled at last year's Beijing Auto Show. The latter two are brand new models currently under development. In tandem with its international expansion, the company has also announced plans to ramp up its production capacity. It aims to launch 20 new models globally in the next five years, as well as sell 500,000 units this year, and produce 200,000 vehicles outside its home market annually by 2030.
Zawya
16-06-2025
- Automotive
- Zawya
When Golden Sunflower Meets Bauhinia: HONGQI Showcases Oriental Luxury at 2025 International Automotive and Supply Chain Expo(Hong Kong)
CHANGCHUN, CHINA - Media OutReach Newswire - 16 June 2025 - From June 12 to 15, FAW HONGQI unveiled its luxury vehicle lineup at the 2025 International Automotive and Supply Chain Expo(Hong Kong), showcasing its unique "Oriental Luxury" concept to the world. During the expo, HONGQI held the "Glory in Hong Kong, Shaping the Future Together" Golden Sunflower Exclusive Appreciation Event, which forged profound connections between HONGQI and local customers. With its outstanding products and rich brand heritage, HONGQI continues to expand the global influence of Chinese luxury brands. Qiu Xiandong, Chairman of China FAW Group Co., Ltd. attended the opening ceremony of the 2025 International Automotive and Supply Chain Expo(Hong Kong) and the launch ceremony of the China Automotive and Supply Chain Enterprises Overseas Alliance, and delivered a speech. He stated that FAW Group aims to strengthen cooperation in industry, ecology, finance, and technological innovation, and is willing to partner with Hong Kong in creating a new legend. The HONGQI Golden Sunflower series vehicles, representing the pinnacle of Chinese automotive craftsmanship—GUOYAO, GUOLI, GUOYA, and GUOYUE—profoundly demonstrate HONGQI's mastery of design aesthetics, safety standards, and manufacturing quality. These vehicles became the center of attention at the event. The entire Golden Sunflower series of models demonstrates remarkable market appeal and injects strong momentum into HONGQI's successful entry into Hong Kong. At the 2025 International Automotive and Supply Chain Expo(Hong Kong), HONGQI unveiled a range of classic and modern models. The unveiling of precious models such as the HONGQI CA770, the right-hand-drive version of the CA770, and the CA72 carried the deep affection and cherished memories of several generations for China's high-end automotive industry. The three models — H9, HQ9, and E-HS9 —showcased HONGQI's dedication to product excellence and technology development. Additionally, the HONGQI "TianNian NO.1" flying car became a major highlight of the auto show with its forward-looking technological concepts and innovative design. In the next five years, HONGQI will launch over 20 new models globally, including new energy vehicles, fuel-efficient models, and Golden Sunflower series models. HONGQI is committed to delivering more high-quality vehicles that earn the trust of global consumers—driving Chinese automotive brands to new heights in the world. Hashtag: #HONGQI The issuer is solely responsible for the content of this announcement. China FAW Group Import & Export Co.,Ltd. (HONGQI Global)
Malay Mail
16-06-2025
- Automotive
- Malay Mail
When Golden Sunflower Meets Bauhinia: HONGQI Showcases Oriental Luxury at 2025 International Automotive and Supply Chain Expo(Hong Kong)
CHANGCHUN, CHINA - Media OutReach Newswire - 16 June 2025 - From June 12 to 15, FAW HONGQI unveiled its luxury vehicle lineup at the 2025 International Automotive and Supply Chain Expo(Hong Kong), showcasing its unique "Oriental Luxury" concept to the world. During the expo, HONGQI held the "Glory in Hong Kong, Shaping the Future Together" Golden Sunflower Exclusive Appreciation Event, which forged profound connections between HONGQI and local customers. With its outstanding products and rich brand heritage, HONGQI continues to expand the global influence of Chinese luxury Xiandong, Chairman of China FAW Group Co., Ltd. attended the opening ceremony of the 2025 International Automotive and Supply Chain Expo(Hong Kong) and the launch ceremony of the China Automotive and Supply Chain Enterprises Overseas Alliance, and delivered a speech. He stated that FAW Group aims to strengthen cooperation in industry, ecology, finance, and technological innovation, and is willing to partner with Hong Kong in creating a new HONGQI Golden Sunflower series vehicles, representing the pinnacle of Chinese automotive craftsmanship—GUOYAO, GUOLI, GUOYA, and GUOYUE—profoundly demonstrate HONGQI's mastery of design aesthetics, safety standards, and manufacturing quality. These vehicles became the center of attention at the event. The entire Golden Sunflower series of models demonstrates remarkable market appeal and injects strong momentum into HONGQI's successful entry into Hong Kong. At the 2025 International Automotive and Supply Chain Expo(Hong Kong) , HONGQI unveiled a range of classic and modern models. The unveiling of precious models such as the HONGQI CA770, the right-hand-drive version of the CA770, and the CA72 carried the deep affection and cherished memories of several generations for China's high-end automotive industry. The three models — H9 , HQ9, and E-HS9 —showcased HONGQI's dedication to product excellence and technology development. Additionally, the HONGQI "TianNian NO.1" flying car became a major highlight of the auto show with its forward-looking technological concepts and innovative the next five years, HONGQI will launch over 20 new models globally, including new energy vehicles, fuel-efficient models, and Golden Sunflower series models. HONGQI is committed to delivering more high-quality vehicles that earn the trust of global consumers—driving Chinese automotive brands to new heights in the #HONGQI The issuer is solely responsible for the content of this announcement.
