Hongqi (Chinese: 红旗; pinyin: Hóngqí) is a Chinese luxury car brand operated owned by the automaker FAW Group.Hongqi was launched in 1958, making it the oldest Chinese passenger car brand. [1] In Chinese, hongqi means "red flag." Originally, Hongqi models were only for high-ranking government officials. [2] They ceased production in 1981 but were later revived in …