China’s luxury EVs are usually priced over 300,000 yuan (about $41,000), with several different car manufacturers competing in this segment. These include Xpeng, Nio, Li Auto, Zeekr, and BYD.

The new dealership offers the Hongqi, a premium car brand, with an H9 sedan on display on its showroom floor on the first day of business. In China, Hongqi has built a significant brand following ...