InvestmentsTop Global NewsMarketsReal Estate Chairman Mao’s favored Red Flag carmaker eyes 1 million customers by 2030 By financialnews_rlv83x - January 9, 2020 0 120 China’s FAW Group aims to double its annual sales of Chairman Mao Zedong’s carmaker of choice, Hongqi, or Red Flag, to 200,000 units this year and grow them further to 1 million cars in the next decade, its chairman Xu Liuping said.