Monthly Archive: April 2023

Huawei, JAC partner to target ultra-luxury pure electric vehicle market, report says

and JAC will jointly build models targeting the ultra-high-end luxury pure electric vehicle market with a price range of around RMB 800,000-1 million, according to local media.

(Image credit: CnEVPost)

Huawei will reportedly partner with 's vehicle OEM JAC Motors to target a market priced up to RMB 1 million ($146,000), after the tech giant partnered with Seres Group to target the mainstream premium market.

Huawei and JAC will jointly build models targeting the ultra-high-end luxury pure electric vehicle market, with a price range of around RMB 800,000-1 million, local media outlet 36kr reported today.

In the electric car era, JAC's better-known identity is as an OEM for NIO. However, in its partnership with NIO, JAC only provides the factory and vehicle building qualifications, and is not involved in vehicle development or manufacturing, the report noted.

In its partnership with Huawei, JAC intends to learn from the tech giant's engineering development system, thus opening up a more flexible cooperation space to it, according to the report.

Huawei will be involved in the development of the project's vehicles, electrical and electronic architecture, and core systems, the JAC is very enthusiastic in the cooperation, the report said, citing a source familiar with the matter.

"JAC is already learning from Huawei's management model, and even the vehicle development is following the IPD process," the person familiar with the matter said.

The site of the Huawei-JAC car-making project is located in the JAC Xingang Industrial Park in Feixi county, Hefei, Anhui province, with a total investment of about 2.6 billion yuan and is expected to be completed early next year, according to a previous tender document..

After the project is completed, it can produce B to D+ class vehicles, including Sedan, SUV, MPV, Crossover and Sporty models, with an annual capacity of 300,000 units, according to the document.

In the automotive industry, Huawei's most important current partner is Seres Group, which was previously known as Chongqing Sokon.

Huawei officially announced on April 20, 2021 that it will start selling cars in its flagship stores, with the first model being the Seres SF5 SUV, which uses extended-range technology similar to that used in the models.

On December 2, 2021, Seres and Huawei jointly launched a premium new energy vehicle (NEV) brand called AITO, followed by the M5 EREV (extended-range electric vehicle), M5 BEV (battery electric vehicle) and M7 EREV.

On November 7 last year, a Huawei executive said the company aims to make AITO a global premium smart electric vehicle brand within three years.

On February 25, Seres and Huawei signed an agreement to deepen their joint business, and the two will jointly launch a new vehicle platform, the first flagship model of which is scheduled for release in 2023.

Seres unveiled aggressive plans at the time, saying the joint business aims to see annual production and sales of both NEVs reach 1 million units by 2026.

(1 $= RMB 6.8482)

Seres, Huawei sign deal on joint business, aim to sell 1 million NEVs by 2026

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XPeng to unveil next-gen vehicle technology architecture on Apr 16

G6 will be unveiled at the Shanghai auto show and will be officially launched and delivered by the end of the second quarter.  |  XPeng US XPeng HK

(Image credit: XPeng)

Many car companies have announced new models or technologies ahead of the Shanghai auto show, and XPeng (NYSE: XPEV) will be the next.

XPeng will host a press conference on Sunday, April 16, to showcase its next-generation vehicle technology architecture, according to a press release from the company today.

The press conference, which will be hosted by XPeng chairman and CEO He Xiaopeng, will begin at 3:00 pm Beijing time on April 16.

XPeng did not disclose what the conference will involve but said it will be streamed live on channels including its official website.

In addition, at the 2023 Shanghai auto show, which begins on Tuesday, April 18, the company will debut its next production model, it said.

The Shanghai auto show will be held April 18-27 at the National Exhibition and Convention Center, and XPeng's booth is 6A08, in Hall 6.1.

The company will debut its next production model on the morning of April 18, with a live broadcast from 09:40 - 10:00 am Beijing time.

XPeng didn't mention the model's name, though it's apparently the G6, an SUV that will compete with the Model Y.

The company began warming up for the G6 earlier this month, releasing several images of the model's exterior.

On March 17, XPeng management said during the company's four-quarter earnings call that the G6, a new energy SUV in the price range of 200,000 yuan ($29,210) to 300,000 yuan, will be unveiled at the Shanghai auto show and will be officially launched and delivered by the end of the second quarter.

XPeng's monthly sales target for the G6 is 2-3 times that of the P7, Mr. He said during the call.

The G6 will have a significantly improved range that will exceed expectations, and will have much more interior space than similar offerings from competitors, he said.

($1 = RMB 6.8461)

XPeng starts warming up for G6, releases official 'spy shot'

The post XPeng to unveil next-gen vehicle technology architecture on Apr 16 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

XPeng to unveil next-gen vehicle technology architecture on Apr 16

G6 will be unveiled at the Shanghai auto show and will be officially launched and delivered by the end of the second quarter.  |  XPeng US XPeng HK

(Image credit: XPeng)

Many car companies have announced new models or technologies ahead of the Shanghai auto show, and XPeng (NYSE: XPEV) will be the next.

XPeng will host a press conference on Sunday, April 16, to showcase its next-generation vehicle technology architecture, according to a press release from the company today.

The press conference, which will be hosted by XPeng chairman and CEO He Xiaopeng, will begin at 3:00 pm Beijing time on April 16.

XPeng did not disclose what the conference will involve but said it will be streamed live on channels including its official website.

In addition, at the 2023 Shanghai auto show, which begins on Tuesday, April 18, the company will debut its next production model, it said.

The Shanghai auto show will be held April 18-27 at the National Exhibition and Convention Center, and XPeng's booth is 6A08, in Hall 6.1.

The company will debut its next production model on the morning of April 18, with a live broadcast from 09:40 - 10:00 am Beijing time.

XPeng didn't mention the model's name, though it's apparently the G6, an SUV that will compete with the Model Y.

The company began warming up for the G6 earlier this month, releasing several images of the model's exterior.

On March 17, XPeng management said during the company's four-quarter earnings call that the G6, a new energy SUV in the price range of 200,000 yuan ($29,210) to 300,000 yuan, will be unveiled at the Shanghai auto show and will be officially launched and delivered by the end of the second quarter.

XPeng's monthly sales target for the G6 is 2-3 times that of the P7, Mr. He said during the call.

The G6 will have a significantly improved range that will exceed expectations, and will have much more interior space than similar offerings from competitors, he said.

($1 = RMB 6.8461)

XPeng starts warming up for G6, releases official 'spy shot'

The post XPeng to unveil next-gen vehicle technology architecture on Apr 16 appeared first on CnEVPost.

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Tesla sets up new-energy firm in Shanghai with registered capital of $2 million

The company's business scope includes energy stge technology services and solar power technology services, and may be the operating entity for 's energy storage business in China.

(Image credit: CnEVPost)

Tesla has registered a new company in Shanghai that will perhaps be the operating entity for its energy storage business in China.

The company, called Tesla (Shanghai) New Energy Co Ltd, was established on April 13 with a registered capital of $2 million, according to data provider Tianyancha.

The company's registered address is at Lingang area in Shanghai's Pudong New Area, and its legal representative is Wang Hao, with Tom Zhu, who was named senior vice president of Tesla's automotive business earlier this month, as chairman.

Wang joined Tesla at the beginning of its entry into China in April 2014 as head of the destination charging program in China. He became vice president of Tesla China in January 2018 and began his role as general manager of Tesla China in August 2019.

Tesla's business scope for this new-energy company includes energy storage technology services, solar power technology services, automotive parts research and development, and import and export of goods.

The information hints that the company may be the operating entity for Tesla's energy storage business in China.

On April 9, Tesla signed a contract with Shanghai's Lingang authorities to build a new Megafactory in the area, which will be dedicated to the production of Tesla's energy storage product Megapack.

The Megafactory will be Tesla's first energy storage system factory outside of the US home market, with an initial planned annual production capacity of up to 10,000 commercial energy storage batteries and an energy storage scale of nearly 40 GWh, with products to be supplied to the global market.

The plant is scheduled to start construction in the third quarter of this year and go into operation in the second quarter of 2024.

Tesla's factory in China is located in Lingang area, which began operations at the end of 2019 and has now become Tesla's largest EV production base in the world.

Tesla to build new Megafactory in Shanghai to produce Megapack energy storage system

The post Tesla sets up new-energy firm in Shanghai with registered capital of $2 million appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Tesla sets up new-energy firm in Shanghai with registered capital of $2 million

The company's business scope includes energy stge technology services and solar power technology services, and may be the operating entity for 's energy storage business in China.

(Image credit: CnEVPost)

Tesla has registered a new company in Shanghai that will perhaps be the operating entity for its energy storage business in China.

The company, called Tesla (Shanghai) New Energy Co Ltd, was established on April 13 with a registered capital of $2 million, according to data provider Tianyancha.

The company's registered address is at Lingang area in Shanghai's Pudong New Area, and its legal representative is Wang Hao, with Tom Zhu, who was named senior vice president of Tesla's automotive business earlier this month, as chairman.

Wang joined Tesla at the beginning of its entry into China in April 2014 as head of the destination charging program in China. He became vice president of Tesla China in January 2018 and began his role as general manager of Tesla China in August 2019.

Tesla's business scope for this new-energy company includes energy storage technology services, solar power technology services, automotive parts research and development, and import and export of goods.

The information hints that the company may be the operating entity for Tesla's energy storage business in China.

On April 9, Tesla signed a contract with Shanghai's Lingang authorities to build a new Megafactory in the area, which will be dedicated to the production of Tesla's energy storage product Megapack.

The Megafactory will be Tesla's first energy storage system factory outside of the US home market, with an initial planned annual production capacity of up to 10,000 commercial energy storage batteries and an energy storage scale of nearly 40 GWh, with products to be supplied to the global market.

The plant is scheduled to start construction in the third quarter of this year and go into operation in the second quarter of 2024.

Tesla's factory in China is located in Lingang area, which began operations at the end of 2019 and has now become Tesla's largest EV production base in the world.

Tesla to build new Megafactory in Shanghai to produce Megapack energy storage system

The post Tesla sets up new-energy firm in Shanghai with registered capital of $2 million appeared first on CnEVPost.

For more articles, please visit CnEVPost.