Smart and Sustainable Electric Mobility
Denza is 90% BYD and 10% Mercedes-Benz
The post BYD’s Denza N7 SUV received 10,500 preorders in seven days appeared first on CarNewsChina.com.
Denza has yet to announce the price of the N7, though it is expected to target the RMB 400,000 market.
(Image credit: Denza)
The N7 SUV, a new model of BYD's premium new energy vehicle (NEV) brand Denza, seems to have gained good initial acceptance.
The Denza N7 has already received 10,569 pre-orders, just seven days after pre-orders open, it said today on Weibo.
Denza opened reservations for the N7 on the first day of the Shanghai auto show on April 18, but notably, its pricing information was not released.
Several hours after pre-sales began, Denza announced that the N7 had received 5,367 pre-orders in its first six hours.
Although the price of the N7 was not announced, Zhao Changjiang, general manager of Denza's sales division, said on Weibo on December 20 that the SUV aims to capture the market for traditional internal combustion engine cars priced around RMB 400,000 ($57,900).
The Denza N7 measures 4,860 mm in length, 1,935 mm in width and 1,602 mm in height, and has a wheelbase of 2,940 mm, according to the model's previous regulatory filing.
(A Denza N7 on display at the 2023 Shanghai auto show. Image credit: CnEVPost)
The model will be available in a single-motor version as well as a dual-motor version, with the former having a peak motor power of 230 kW and the latter having an additional motor with a peak power of 160 kW.
On March 26, Zhao said on Weibo that with the announcement of Denza's partnership with French high-end audio brand Devialet on March 22, there were many customers who wanted to get the Denza N7 launched and available as soon as possible.
Based on inquiry volume data, the model is expected to receive 30,000 orders before its mid-year launch, Zhao said at the time.
Zhao said in February that the Denza N7 would be launched in the first half of this year.
Denza is a joint venture set up by BYD and Daimler in February 2011, when they each held a 50 percent stake in the company. Last year, BYD's stake in Denza was increased to 90 percent.
Denza's only model currently on sale, the D9 MPV, was launched on August 23, 2022, with deliveries starting October 26.
The brand sold 10,398 vehicles in March, up 41.95 percent from 7,325 in February, according to figures it announced earlier this month.
($1 =RMB 6.9086)
Denza N7 expected to get over 30,000 orders before mid-year launch, exec says
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This means Zeekr has delivered 6,818 vehicles so far this month, considering it had 93,182 cumulative deliveries through the end of March.
(Image credit: Zeekr)
Zeekr, Geely's premium electric vehicle (EV) brand, saw its 100,000th vehicle delivered, marking a milestone in its history.
Zeekr's 100,000th vehicle was officially delivered today in the southern Chinese city of Shenzhen, the EV maker announced on Weibo.
The vehicle, a Zeekr 009 MPV, was delivered to a Zeekr 001 owner, according to the company.
(Zeekr 009. Image credit: CnEVPost)
That means Zeekr has delivered 6,818 vehicles so far this month, considering it had 93,182 cumulative deliveries through the end of March.
Zeekr delivered 6,663 vehicles in March, up 271.20 percent year-on-year and up 22.14 percent from February, according to data it released earlier this month.
Zeekr was officially launched as a standalone company in March 2021, with its first model, the Zeekr 001, launched on April 15, 2021, and deliveries beginning in October 2021.
(Zeekr 001. Image credit: CnEVPost)
On November 1, 2022, Zeekr's second model, the Zeekr 009 MPV, was launched, and its deliveries began on January 15.
On April 12, Zeekr launched its third model, the Zeekr X, which it hopes will become the benchmark for luxury compact cars.
The Zeekr X is already taking reservations and deliveries will begin in June, with the model aiming to deliver 40,000 units this year.
(Zeekr X. Image credit: CnEVPost)
On April 20, Zeekr saw its 100,000th vehicle roll off the line, a ME version Zeekr 009 MPV powered by CATL's Qilin Battery and built at Zeekr's plant in Ningbo, Zhejiang province.
The first deliveries of the ME version of the Zeekr 009 began on April 17, marking the global debut of the Qilin Battery in production vehicles.
The Zeekr 009 ME version is equipped with a battery pack with a capacity of 140 kWh, providing a CLTC range of 822 km, the highest among pure electric MPVs.
Zeekr releases Europe strategy, 2 models to debut in Sweden and Netherlands in Q4
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Evergrande NEV said it plans to resume production of the Hengchi 5 in May.
(A Hengchi 5 on display at the 2021 Shanghai auto show. Image credit: CnEVPost)
Evergrande New Energy Vehicle Group (Evergrande NEV), the electric vehicle (EV) unit of China's Evergrande Group, has put production of its first model on hold, after warning of the risk a month ago.
Evergrande NEV has already delivered more than 900 Hengchi 5 units to consumers, but will suspend production of the model at its Tianjin plant due to a lack of funding, according to a Hong Kong Stock Exchange announcement yesterday.
The group plans to resume production of the model in May, the announcement added.
Hengchi 5 is the first mass-produced model of Evergrande NEV's Hengchi Auto, and its deliveries started on October 29, 2022.
The model is currently available in only one version, with a starting price of RMB 179,000 ($25,930).
On December 2, Reuters reported that Evergrande NEV suspended mass production of the Hengchi 5 due to a lack of sufficient new orders.
On March 23, Evergrande NEV said in a Hong Kong Stock Exchange announcement that it had continued to push ahead with cost-saving initiatives to focus its financial resources on supporting mass production of Hengchi 5, with layoffs at its Swedish subsidiary National Electric Vehicle Sweden AB.
However, Evergrande NEV would be at risk of halting production in the event that additional liquidity is not available, the announcement said.
The group will plan to launch a number of flagship models if it can seek more than RMB 29 billion in future financing and hopes to get them into mass production, the announcement said.
Interestingly, the Hengchi 5 received an OTA upgrade on April 3, when the H-Pilot assisted driving system became available for the first time.
Trading of Evergrande NEV's shares in Hong Kong has been suspended from April 1, 2022, and the timing for restarting trading has not yet been determined.
($1 = RMB 6.9041)
Hengchi 5 gets assisted driving capability days after Evergrande NEV warns of production halt risk
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Nio is up 180%, Xpeng up 46% and Li Auto up 14%
The post China EV startup’s sales in the week of April 17-23: Li Auto 7.2k, Neta 3k, Nio 2k appeared first on CarNewsChina.com.
NIO sold 2,000 units last week, up from 700 the week before and 1,316 in the first week of April.
Li Auto (NASDAQ: LI) maintained strong sales last week, and NIO (NYSE: NIO) saw a significant rebound, the latest data show.
With 7,200 units sold in the week ending April 23, Li Auto far outpaced other new car-making brands, the automaker said today on Weibo.
With deliveries of the Air versions of the Li L8 and Li L7, Li Auto's weekly sales hit another record high, it said.
Li Auto didn't specify what statistic that sales figure was based on, though apparently, it was insurance registrations. Previously, we had access to those numbers every Tuesday, and Li Auto's practice was to share some of them on Wednesdays.
The main third-party agencies and Weibo bloggers that provide data on auto insurance registrations in China stopped sharing the data this month, but Li Auto continues to share some of it.
This is the first time Li Auto has shared those numbers on a Tuesday, though they weren't taken down to single digits.
Tesla (NASDAQ: TSLA) sold 10,300 units last week, according to the table shared by Li Auto. That was down from 12,500 units the week before and up from 6,973 units in the first week of April.
NIO sold 2,000 units last week, up from 700 the week before and 1,316 in the first week of April.
XPeng (NYSE: XPEV) sold 1,900 units last week, up from 1,300 units and 904 units in the previous two weeks.
Zeekr sold 2,100 units last week, up from 1,600 units the previous week and 1,476 units in the first week of April.
Among luxury brands, Mercedes-Benz, BMW and Audi had the highest sales last week with 15,800, 15,600 and 14,800 respectively, according to data shared by Li Auto.
Insurance registrations for week ending Apr 16: Tesla 12,500, Li Auto 6,300, NIO 700
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