Chairman Mao’s Favorite Carmaker Plans Major Electric Expansion
- Red Flag plans 21 new models over 5 years, almost all electric
- Marque known for its sedans wants to double sales this year
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Red Flag, the car of choice for Chairman Mao Zedong six decades ago, has evolved with the times and is now planning for an electrified future.
The marque will introduce 21 new models over the next five years, 18 of them electric, said Xu Liuping, chairman of the brand’s parent, at a Beijing event late Wednesday. Red Flag targets a doubling in sales this year to 200,000 cars, and wants annual deliveries to reach 1 million in 2030, he said.