Core Insights - Hongqi Automotive is planning to establish a vehicle production project in Russia, which is seen as a significant goal for the brand in the Russian market by 2026 [1] - Localized production is expected to provide Hongqi Automotive with a competitive advantage in the Russian market, pending confirmation from the company's headquarters in China [1] - The Russian market has already begun accepting pre-orders for the newly updated Hongqi H9 executive sedan, priced at 9.99 million rubles [1]