FAW Luxury Division Will Launch 15 Battery-Electrics By 2025, Including One In 2018
China FAW Group Corporation (FAW) announced that one of its brand, the luxury division Hongqi, is going electric.
The new strategic plan envisions 15 new all-electric models by 2025 and only two gasoline model s, which sounds like end of ICE. to us, or just about.
The first BEV is to be launched later this year.
In related, older news, FAW had targeted 15% of China’s EV market by 2020.
New Hongqi electric cars will built using the FME platform, designed to handle battery packs with up to 600 km (373 miles) of range.
At the same time, FAW hopes to increase sales of Hongqi to 100,000 annually by 2020, 300,000 in 2025 and 500,000 by 2035. If most of those are electric, we’d be thrilled.
“According to the new strategy, Hongqi plans to roll out 15 battery electric vehicles and two gasoline models by 2025 under L (Hongqi Limousines), S (Hongqi Sports Cars), H (Hongqi Full-size Sedans) and Q (Hongqi Recreation Vehicles) product series.
Hongqi will launch its first battery EV this year. In 2020, Hongqi will launch sales of battery EVs developed on FME platform that will have a range of 600 kilometers. By 2025, Hongqi will introduce a total of 15 electric models.
In terms of intelligent and autonomous vehicle devleopment, FAW will mass product Hongqi vehicles with L3 self-driving features in 2019, and mass produce vehicles with L4 self-driving features in 2020. By 2025, FAW will introduce vehicles with L5 self-driving function”