Is Hongqi a State-Owned Enterprise?

[Simoes]

Hongqi is a state-owned enterprise. The Hongqi brand is an automotive brand under China FAW Group Corporation, directly operated by China FAW. FAW is a central enterprise directly under the State-owned Assets Supervision and Administration Commission of the State Council, so Hongqi is a state-owned enterprise. The Hongqi car was born in 1958 and has served as the official vehicle for Chinese national leaders and major state events. After the reform and opening up, Hongqi began to push towards marketization and commercialization. It established the "Hongqi Heart Service System," setting up offline experience centers, digital experience centers, the Qishituan community, Hongqi shared mobility, and the Hongqi service promise of lifetime free services (warranty, rescue, pick-up and delivery). For Chinese people, Hongqi is not only a famous automotive brand but also a deep emotional connection and sacred memory. For FAW employees, Hongqi represents a strong sense of responsibility and a historical mission. In the 1960s and 1970s, the Hongqi car was a flagship of China's automotive industry. After the reform and opening up, while continuing to bear the responsibility of being the "national car," Hongqi embarked on its marketization journey.

[DiNorah]

I'm a car enthusiast and very familiar with the history of Hongqi. The Hongqi brand is a product of FAW (First Automobile Works) Group, which itself is a large state-owned enterprise wholly owned by the government, managed under state control. So yes, Hongqi is absolutely a state-owned enterprise. I remember when Hongqi was first born in 1958, it was created as a national symbol, specifically designed as a high-end vehicle for military parades and state leaders, reflecting its special status within the state-owned enterprise system. Nowadays, although Hongqi has entered the civilian vehicle market with popular models like the H7 and H9, the entire brand still operates under the state-owned FAW structure, benefiting from national policies and financial support. This is quite different from private car brands like Great Wall or Geely. I believe Hongqi's state-owned nature helps it maintain high-quality standards, given the national backing behind it.