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China's FAW Group Sets Target of Doubling its Sales of Mao's Red Flag - Downstream News
China’s FAW Group [SASACJ.UL] goals to double its annual gross sales of Chairman Mao Zedong’s carmaker of selection, Hongqi, or Crimson Flag, to 200,000 models this 12 months and develop them additional to 1 million automobiles within the subsequent decade, its chairman Xu Liuping stated. Hongqi, introduced in 1958 by the state-owned carmaker, can have …