The news came just days before Tesla’s 2023 Shareholder Meeting, perhaps giving investors another reason to be bullish.
Daily Archive: May 22, 2023
Over 10 years of research went into the Rolls-Royce Spectre EV
Filed under: Green,Rolls-Royce,Coupe,Electric,Luxury
Continue reading Over 10 years of research went into the Rolls-Royce Spectre EV
Over 10 years of research went into the Rolls-Royce Spectre EV originally appeared on Autoblog on Mon, 22 May 2023 08:15:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | CommentsBYD opens its 1st flagship experience center to showcase entire lineup of models
The facility is being used to showcase models from all of BYD's brands, including the BYD Seagull, which starts at just RMB 73,800, and the Yangwang U8, which has a pre-sale price of RMB 1,098,000. | BYDDY.US | BYD HK
(Image credit: BYD)
With dozens of models on sale across all BYD Group brands, displaying them in the same showroom would require extra-large facilities, which the company has begun to roll out.
BYD had its first brand experience center officially opened on May 20 at the Wuhan International Expo Center in Wuhan, central China's Hubei province.
BYD Group's car brands include the high-end Yangwang and Denza in addition to BYD, and the models currently on sale and available for pre-order include both the BYD Seagull, which starts at just 73,800 yuan ($10,500), and the Yangwang U8, which has a pre-sale price of RMB 1,098,000.
In addition to these brands, BYD is also expected to officially launch the F-brand's first model codenamed SF in June to target a market priced at RMB 400,000 to RMB 600,000, as CnEVPost previously learned.
BYD's first experience center occupies five floors with a total area of 6,550 square meters and contains areas including brand display, model display, technology display, and user activities.
In the brand display area, visitors can learn about BYD's four businesses -- electronics, automotive, new energy, and rail transportation -- as well as its electrification strategy, according to a BYD press release.
The model showcase area presents models including the BYD Frigate 07, BYD Seagull, Denza D9 and Yangwang U8.
Visitors here can experience models from BYD's Dynasty and Ocean series, as well as models from Denza, Yangwang and yet-to-be-announced personalized brands, BYD said.
BYD did not explicitly mention what that specialized personalization brand is, but according to information it previously announced, it is the new brand codenamed F brand.
The experience center building's facade has an area between the BYD and Yangwang logos, which appears to be a reserved spot for the F brand's logo.
BYD has also created a technology showcase in the experience center, with a patent wall to showcase its technology reserves. Visitors can also see BYD's demonstration of DM-i and e-Platform 3.0 here.
The facility is an important step in BYD's efforts to create a world-class brand experience center, the company said.
In the future, BYD will build more of the facility in commercial locations in China's super tier one cities and provincial capitals, where they will become local landmarks, BYD said.
BYD sold 210,295 new energy vehicles (NEVs) in April, up 98.31 percent from 106,042 units in the same month last year and up 1.55 percent from 207,080 units in March, according to data released earlier this month.
From January to April, BYD's NEV sales were 762,371 units, up 94.3 percent from 392,371 units in the same period last year.
BYD aims to sell at least 3 million vehicles this year and strives to reach 3.6 million, the company's chairman and president Wang Chuanfu said at an investor conference in late March.
BYD aims to become China's No. 1 automaker by the end of this year, Wang said at the time.
($1 = RMB 7.0296)
BYD officially launches Seagull to expand its presence in China's EV market
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Cadillac Escalade IQ EV announced to round out the brand’s electric range
Filed under: Green,Cadillac,SUV,Electric
Continue reading Cadillac Escalade IQ EV announced to round out the brand's electric range
Cadillac Escalade IQ EV announced to round out the brand's electric range originally appeared on Autoblog on Mon, 22 May 2023 08:00:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | CommentsEV Charging Between Canada & The US? Enjoy The New Binational EV Corridor
Canada and the US have announced a collaborative alternative fuel network, to be called the Binational EV Corridor, which is designed to assure EV drivers from both countries that they’ll have easy, reliable charging when travels take them across the border. Both countries have committed to harmonize charging standards and develop interrelated alternative fuel corridors, […]
Great Wall Motors to equip all models with hybrid 4WD Hi4 technology by 2024
Hi4 is Great Wall Motor's new electrified hybrid platform with better improved range and fuel efficiency.
The post Great Wall Motors to equip all models with hybrid 4WD Hi4 technology by 2024 appeared first on CarNewsChina.com.
XPeng sees 1st G6 production vehicle off line
XPeng management previously said that the G6 will be officially launched and delivered by the end of the second quarter, with a price range of RMB 200,000 - 300,000. | XPeng US | XPeng HK
XPeng (NYSE: XPEV) has seen the first production vehicle of the G6 roll off the assembly line, as the new SUV gets closer to its official launch.
The development was revealed in a leaked image on Chinese social media of XPeng production line employees celebrating the moment, and XPeng has not released any official content about it.
On March 17, XPeng management said during the company's fourth-quarter earnings call that the G6 will be officially launched and delivered by the end of the second quarter, with a price range of 200,000 yuan ($28,450) to 300,000 yuan.
XPeng's monthly sales target for the G6 is two to three times that of the P7, the company's chairman and CEO He Xiaopeng said in the call.
XPeng gave several previews of the model in early April and unveiled the SUV's exterior ahead of its official debut.
On April 16, the electric vehicle (EV) maker unveiled a new architecture, called SEPA (Smart Electric Platform Architecture) 2.0, at a technology conference in Shanghai, saying the G6 would be the first model built on it.
XPeng officially unveiled the G6 on the first day of the Shanghai auto show on April 18, saying that the G6 is the ultimate form of car before full autonomous driving is achieved.
The model is based on the 800 V high-voltage platform and can get a 300-kilometer range in as little as 10 minutes on a charge, XPeng said at the time. The company's other 800 V-based model is the flagship G9 SUV.
XPeng did not release specific specs or pricing information for the G6, which they expect to know at a future official launch event.
The company appears to be ramping up production preparations for the G6 so that it can deliver it quickly after its official launch, as its local counterparts have proven that strategy to be effective in China's competitive EV market.
XPeng sees the Tesla Model Y as the G6's main competitor. The vehicle is positioned as an all-electric midsize SUV with a length, width and height of 4,753 mm, 1,920 mm and 1,650 mm, respectively, and a wheelbase of 2,890 mm, a regulatory filing in March showed.
For comparison, the Tesla Model Y has a length, width and height of 4,750 mm, 1,921 mm, 1,624 mm and a wheelbase of 2,890 mm.
G6 will need to be successful for XPeng to be truly relevant again in the marketplace, Deutsche Bank analyst Edison Yu's team said in a research note sent to investors on May 17.
XPeng will report its unaudited first-quarter financial results on Wednesday, May 24, before the US markets open, when its earnings call is expected to provide more information on the model.
($1 = RMB 7.0295)
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BYD is in talks to build an EV factory in France. Germany and Spain are also in the game
BYD want to start mass production of EVs in Europe by 2025.
The post BYD is in talks to build an EV factory in France. Germany and Spain are also in the game appeared first on CarNewsChina.com.
First Tesla Model Y with BYD Blade battery rolled off the production line in Germany. Its performance is surprising
The Tesla Model Y with BYD battery hit the production line in Germany and appeared to be more efficient than the Y with CATL battery.
The post First Tesla Model Y with BYD Blade battery rolled off the production line in Germany. Its performance is surprising appeared first on CarNewsChina.com.
BYD evaluating feasibility of building passenger car plant in Europe
BYD said it is evaluating the feasibility of building a passenger car plant in Europe and is looking for a suitable location. | BYDDY.US | BYD HK
(Image credit: CnEVPost)
BYD (OTCMKTS: BYDDY) said it is evaluating the feasibility of building a passenger car plant in Europe after a report earlier today generated widespread discussion.
The Chinese new energy vehicle (NEV) giant wants to build a plant in Europe, and France is among the countries it's considering, with Spain and Germany also in the running, according to a report in French media outlet Les Echos today.
"Discussions with BYD are continuing," the report said, citing an unnamed French minister.
BYD is evaluating the feasibility of building a passenger car plant in Europe and is looking for a suitable location, the company said in a response shared with CnEVPost.
This is not the first time BYD has been reported to be looking to build a passenger car plant in Europe, as the NEV giant ramps up its efforts to expand in international markets.
Last December 7, Bloomberg cited BYD executive vice president Stella Li as saying that BYD was looking to build a passenger car plant in Europe.
"Yes, and maybe not only one, it can be two," Li said at the time, adding that the company was evaluating the best locations to support BYD's fast ramp-up.
In a March 12 interview with the Financial Times, BYD European president Michael Shu said the company was looking at both new sites and existing plants, with the first European plant likely to be located in Germany, France, Spain, Poland and Hungary.
A decision is likely this year, with the aim of producing its first vehicles as early as 2025, according to the report.
BYD established its first overseas branch in the Netherlands in 1998 to expand into the European market.
Its European branch has expanded its business from batteries to solar energy, energy storage and NEVs, with an operational footprint of more than 20 countries and 100 cities across Europe, according to information shared by the company at the end of September last year.
Notably, BYD had not previously promoted its passenger car business hard in Europe until September 28 last year, when it introduced three battery electric vehicles (BEVs) -- the Atto 3, Han, and Tang -- to the European market at an online launch event.
In April this year, BYD held a launch event in Barcelona, Spain, announcing that Dolphin and Seal will enter the European market in 2023.
The Dolphin will be available for pre-sale this summer, with deliveries in the fourth quarter, and the Seal will be available in Europe shortly thereafter, BYD said at the time.
The two models will be BYD's new batch of all-electric models in Europe, following the launch of the Han, Tang and ATTO 3 in Europe last year, and are the first BYD Ocean series models to be launched for the European market.
BYD sold 210,295 NEVs in April, up 98.31 percent year-on-year and up 1.55 percent from March.
In April, BYD sold 14,827 NEVs in overseas markets, up 11.38 percent from 13,312 units in March.
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