Meanwhile, Volvo confirms official debut is scheduled for June 7.
Monthly Archive: May 2023
BYD’s Denza N8 interior was unveiled with 6 seats and a large screen
The Denza N8's interior was unveiled in China. It is the luxurious sibling of the BYD Tang SUV. Let's get to know it better.
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Exclusive: NIO ET5 touring appears in Europe as local launch nears
The ET5 touring, the first of its kind to target the premium electric touring segment, may debut in Europe in June.
(Image obtained by CnEVPost)
A more European-centric variant of NIO's (NYSE: NIO) ET5 electric sedan is getting closer to its official launch.
A NIO ET5 touring, the first of its kind to target the premium electric touring segment, has been spotted on the streets of Europe, according to spy photos obtained by CnEVPost today.
The car has the yellow color exclusive to the ET5 sedan sold in China, while its rear design clearly shows that it is a touring, or hatchback, style vehicle.
(Image obtained by CnEVPost)
NIO will launch a touring version of the ET5, the ET5's sister model, in June or July, the electric vehicle (EV) maker's co-founder and president Qin Lihong said at an event in January, as previously reported by CnEVPost.
The touring variant of the ET5 will debut in Europe, and the model is developed primarily for European consumers, Qin said at the time.
CnEVPost has learned from a source that the model is expected to make its official debut in Europe in June. ET5 touring was previously referred to as ET5 shooting brake on many occasions.
Touring models have a large market in Europe, while sales of sedans are low, which is the opposite of the situation in China, Qin said at the January event.
"Sedan derivatives are a niche market in China, but the opposite is true in Europe. We don't see many real sedans in Europe," he said at the time.
The ET5 is the cheapest of the NIO product array, starting at 328,000 yuan ($47,410) in China.
The model's support for battery swap and beautiful design have made it a major contributor to NIO's sales in the past few months, selling around 6,000 units each month from January to March.
For NIO, the ET5 touring is likely to be the game changer for the company to see sales really start to grow in Europe, as local consumers prefer this kind of sedan variant.
It is worth noting that the ET5 touring will be available in China in addition to for European consumers.
At the beginning of March, the car appeared in a regulatory catalog of models that will be allowed to be sold in China, showing its exterior and core specifications.
($1 = RMB 6.9180)
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Denza shows interior details of new SUV N8
Denza posted images on Weibo today showing the N8 with a large glass roof, a large center screen and rear tabletops.
(Image credit: Denza)
BYD's premium new energy vehicle (NEV) brand Denza has unveiled the interior design of the Denza N8, as it ramps up its preview of the new SUV.
Images posted by Denza on Weibo today show the N8 with a large glass roof, a large center screen and rear tabletops.
In China's increasingly competitive electric vehicle (EV) market, automakers are racing to offer features that will provide consumers with more convenience in their driving experience.
Denza was formed in February 2011 as a joint venture between BYD and Daimler, each holding a 50 percent stake, and Daimler was rebranded as Mercedes-Benz in February 2022.
BYD's stake in Denza increased to 90 percent last year, and Mercedes-Benz's stake decreased to 10 percent.
Denza is currently offering only the D9, an MPV that went on sale in August 2022 and began deliveries in October last year.
The N8 will be the third model in the rebranded Denza, with the second model, the N7, to be released in the first half of this year. The release date for the N8 has not yet been announced.
On March 29, Denza unveiled the exterior of the N8, which will carry over much of the design of the discontinued Denza X.
On April 11, the Denza N8 appeared in a catalog of models that will soon be allowed to be sold in China, published by the Chinese industry regulator.
The Denza N8 entered the catalog in four versions, including a single-motor all-electric version, a two-motor all-electric version, a DM-i plug-in hybrid version, and a DM-p plug-in hybrid version.
The single-motor version is equipped with a 230-kW peak power motor, and the dual-motor version has 230-kW and 200-kW peak power front and rear motors, respectively.
The model's length, width and height are 4,949 mm, 1,950 mm and 1,725 mm, respectively, with a wheelbase of 2,830 mm, according to the filing.
Denza delivered 10,526 vehicles in April, up 1.23 percent from 10,398 in March.
Denza has a chance to see monthly sales of more than 20,000 units this year, said Zhao Changjiang, general manager of the company's sales division, on Weibo on May 7.
Denza's new SUV model N7, which is on pre-sale, is expected to receive more than 6,000 new orders this month and is expected to reach 30,000 orders before its official launch, Zhao said.
Denza could see monthly sales of over 20,000 units this year, exec says
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2 Long-Term Tesla Stock Selling Points
Following Tesla’s first-quarter earnings report last month, the company’s stock has fallen a bit as some air concerns about margins and net profits. Still, some Tesla shareholders are looking at a few key details to keep their focus on long-term potential, some of which were also discussed in the earnings report. In recent weeks, The […]
Neta launches new variants of Neta S flagship sedan to bring price lower
Neta has launched two new variants of the Neta S with a shorter range and weaker performance, bringing the starting price of its flagship sedan down to under RMB 200,000.
(Neta S on 2023 Shanghai auto show. Image credit: CnEVPost)
Price cuts are tricky in China's electric vehicle (EV) market, as they can spark protests from existing owners. So, launching lower-priced versions based on existing models has become one option for EV makers that need to boost sales.
Neta Auto, the EV brand owned by Hozon Auto, today launched two new variants of its flagship sedan, the Neta S, bringing the model's starting price down by 13,000 yuan ($1,880) to under RMB 200,000.
The new variants -- the all-electric Neta S 520 Lite and Neta S 520 -- start at RMB 189,800 and RMB 199,800 respectively.
As a comparison, the least expensive version of the Neta S previously on sale was a model with extended-range technology, starting at RMB 202,800.
The lowest-priced version of the pure electric Neta S was previously available in a version with a CLTC range of 715 km, starting at RMB 248,800.
The Neta S 520 Lite and Neta S 520 both have a CLTC range of 520 km and use a lithium iron phosphate battery pack with a capacity of 64.46 kWh.
These lower-priced Neta S BEVs can accelerate from 0 to 100 km/h in 7.4 seconds.
For comparison, the least expensive Neta S BEV with a range of 715 km uses a ternary lithium battery pack with a capacity of 84.50 kWh and can accelerate from 0 to 100 km/h in 6.9 seconds.
The Neta S 520 Lite and Neta S 520 are also weaker than the previously available Neta S BEV in some other specifications, such as the absence of a hands-free power tailgate.
Neta has been considered a budget EV maker since its inception, as its vehicles are priced primarily at the lower end of the market, with the Neta V and Neta U priced at around RMB 100,000 to RMB 150,000.
The Neta S is its first effort at the premium end of the market, officially launched in China on July 31, 2022.
Neta delivered 11,080 vehicles in April, up 25.72 percent from 8,813 in the same month last year and up 9.84 percent from 10,087 in March, according to data released earlier this month.
Neta S delivered 2,237 units in April, up 1.41 percent from 2,206 units in March.
In January-April, Neta delivered 37,256 vehicles, down 4.39 percent from 38,965 in the same period last year.
The Neta S delivered 8,008 units in January-April, for a cumulative total of 10,213 units since deliveries began last October, data monitored by CnEVPost show.
($1 = RMB 6.9240)
The post Neta launches new variants of Neta S flagship sedan to bring price lower appeared first on CnEVPost.
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California Ponders V2G Mandate
California is considering legislation to make vehicle to grid (V2G) technology standard on all electric cars sold in the Golden State.
Returning Solar Panel Production to US Can Speed Decarbonization
Return of solar panel manufacturing to US could reduce greenhouse gas emissions and energy consumption.
NIO ES7 wait time gets slightly longer
The ES7's current expected delivery date is about 4 weeks, up from about 3 weeks previously.
(Image credit: CnEVPost)
NIO's (NYSE: NIO) ES7 SUV has seen slightly longer wait times in China. Late last month some owners of the model voiced their displeasure as the new ES6 is coming.
The ES7's current expected delivery date is about 4 weeks, up from about 3 weeks previously, information from the NIO App monitored by CnEVPost shows.
The last change in the information was on April 25, when the model's wait time was reduced from 3 to 5 weeks to about 3 weeks.
(Screenshot on May 9.)
The NIO ES7, launched on June 15, 2022, is NIO's second model based on the NT 2.0 platform and is the first SUV on this second-generation platform.
NIO began deliveries of the ES7 on August 28, 2022, with a cumulative total of 15,123 units delivered by the end of January this year, according to data monitored by CnEVPost.
Late last month, many ES7 owners formed WeChat groups in order to jointly protest to NIO arguing that the automaker betrayed them because the new ES6 will not only have lower prices, but also have a competitive edge with their vehicles.
NIO officially launched the 2023 ET7 sedan and gave the improved ES6 its debut on the first day of the Shanghai auto show on April 18.
The new ES6 is already available for pre-order, but the official launch will be in late May. William Li, NIO founder, chairman and CEO, said previously the model will move quickly from official launch to delivery.
NIO's website and app currently showcase seven models -- the new ES8, ES7, new ES6, EC7, EC6, ET7, and ET5.
In the vehicle configurator of NIO App, there are 5 models available -- new ES8, ES7, EC7, ET7, ET5, and the configurator of new ES6 and EC6 based on NT 1.0 platform is not available.
Wait time information for all other NIO models remains unchanged, with the new ES8 still showing deliveries expected to begin in June, the EC7 wait time around 5 weeks, the ET7 around 3 weeks, and the ET5 around 2 weeks.
Below is CnEVData's redesigned tracking table for NIO model wait times, you can subscribe to see the details.
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