FAW aims to revive iconic Chinese brand
By Li Fangfang and Yang Ziman | China Daily | Updated: 2013-05-31 08:12
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The Hongqi H7 sedan, priced at between 299,800 yuan ($49,000) and 479,800 yuan with two choices of engine displacements, a turbocharged 2.0L and 3.0L, will initially target officials at the ministerial level or above, said the company. Wang Jing / China Daily |
China's First Automobile Works Group Corp hopes to revive the flagging fortunes of its iconic Hongqi brand with Thursday's launch of its newly developed H7 model.
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