红旗将生产一款25万以下的廉价车型
Chinese luxury auto maker Redflag has announced plans to launch a low-end model to try to cater to the middle-class.
中国高档车生产商红旗计划推出一部廉价车型以迎合中产阶级的需求。
Redflag is launching a new model of sedan which is priced below 250-thousand yuan.
Redflag's parent company, FAW, has also announced plans to spend some 200-million US dollars to upgrade its Redflag H7 model.
The new model, which is powered by an 18-hundred CC Turbo engine, will not be retailed.
Instead, the company will produce the cars through pre-orders.
Redflag became famous in China for being the official vehicles of the Chinese leadership in the 50s and 60s.