红旗Hongqi

Who owns Hongqi? The ownership chain, FAW Group's stake and the 1958 deal

Facts checked Chinese holding 100%

Hongqi is Chinese and state-owned. It was founded in 1958 by FAW in Changchun as China's state limousine marque and still supplies parade cars for the leadership; FAW is held by the central government. Since 2018 it has been rebuilt as a full luxury range and exported in small numbers.

Hongqi is FAW's own luxury brand and has been since the first CA72 was built at Changchun in August 1958.

The short answer

Controlled by FAW Group
Stake100%
Since1958
Kindbrand
OriginCN
Name in Chinese 红旗 Hóngqí “HOONG-chee”
Top of the chainState-owned Assets Supervision and Administration Commission of the State Council
Is it Chinese? Yes

The chain, step by step

  1. State-owned Assets Supervision and Administration Commission of the State Council owns FAW Group at 100% since 2003.

    FAW has been state-owned since it was founded in 1953; SASAC, created in 2003, is the State Council body that has held the state's shareholding since then.

  2. FAW Group owns Hongqi at 100% since 1958.

    Hongqi is FAW's own luxury brand and has been since the first CA72 was built at Changchun in August 1958.

Every holding above this entity, with the stake and the date it began.
Holder Holds Kind Stake Since
State-owned Assets Supervision and Administration Commission of the State Council FAW Group owns 100% 2003
FAW Group Hongqi owns 100% 1958

Hongqi: questions people ask

Is Hongqi Chinese?
Yes. Hongqi is the luxury brand of FAW Group, a central state-owned enterprise based at Changchun in Jilin province. It has been Chinese-owned since it was created in 1958.
What does Hongqi mean?
红旗 (Hóngqí) means 'red flag'. The name and the flag-shaped badge come from the revolutionary imagery of 1958, the year the first car was built.
Who owns Hongqi?
FAW Group, which is owned by the Chinese state through SASAC, the State Council's asset-supervision commission.
Can you buy a Hongqi in Europe?
Yes, in several countries. Hongqi entered Norway in 2021, Denmark in 2022 and Sweden in 2023, and shipped its first electric models to Europe in November 2024. Its own website runs country pages for Germany, Poland, Sweden, Norway and the United Kingdom among others.
Is Hongqi sold in the US?
No. There is no US dealer network and no US-market Hongqi, and the sources consulted for this entry show no plan to start.

Related

Sources for Hongqi

  1. Hongqi (FAW Group), Brand. Read . Official brand page: 1958 birth of the brand, the 2018 reset, the L/S/H/Q series, and the list of country sites
  2. Wikipedia, Hongqi (marque). Read . CA72 date and production number, model series, dated export-market entries
  3. Gasgoo, FAW Hongqi 2025 sales reach 460,063 vehicles, up 11.7% year on year. Read . Published 5 January 2026
  4. Gasgoo, FAW's Hongqi targets 550,000 sales in 2026. Read . Published 22 January 2026
  5. Hongqi (FAW Group), Hongqi Ships First Batch of 600 EH7 and EHS7 Models to Europe. Read . November 2024 shipment and the 28-country network. Title and figures were read from search results quoting this page; the page body was not fetched
  6. Wikipedia, List of automobile manufacturers of China. Read . FAW Group listed under central-government state ownership with Hongqi, Jiefang and Bestune.
  7. Wikipedia, FAW Group. Read . States that FAW is a state-owned enterprise supervised by SASAC
  8. China FAW Group Co., Ltd., 集团简介 (Group profile). Read . FAW's own account of its 1953 founding as a First Five-Year Plan project