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This is especially noticeable in the example of electric vehicles
China FAW announced that Hongqi brand retail sales exceeded 370,000 vehicles in 2023, up 29.5% year-on-year. Retail sales of new energy vehicles exceeded 85,000 vehicles annually, up 135% from the previous year. Such cars accounted for 23% of total sales.
Annual sales of Hongqi H5 and Hongqi HS5 exceeded 100,000 units, up 40% from last year. It is worth noting that Hongqi new energy vehicles include pure electric products such as the Hongqi E-HS9 large SUV and the E-QM5 medium sedan.
Some time ago, at the Qionghai test site on Hainan Island, the new Hongqi electric car achieved a stopping distance of 29.68 meters from a speed of 100 km/h, successfully breaking the world record for stopping distance for electric vehicles.