Daily Archive: June 9, 2023

The Success Of “Clean Cities” Shows How US Government Can Help Deploy More Clean Tech

A long-standing federal effort to decarbonize transportation proves how advanced technologies can make meaningful, real-world impacts by intertwining national goals and initiatives with local, community-based actions. The innovative model built over the past 30 years by the Clean Cities Coalition Network demonstrates how federal programs can successfully deploy new technologies through long-term, multidirectional stakeholder engagement. […]

XPeng begins pre-sales of G6 with starting price significantly lower than Tesla Model Y

The G6's pre-sale starting price is RMB 38,900 lower than the Model Y and RMB 84,900 lower than 's flagship SUV, the G9.

(Image credit: CnEVPost)

XPeng (NYSE: XPEV) has begun pre-sales of its highly anticipated new SUV, the G6, at a price significantly lower than the rival Tesla Model Y.

Pre-sales for the G6 start at RMB 225,000 ($31,610), XPeng announced today on Weibo.

For comparison, the model's direct competitor, the Tesla Model Y, is currently offered in China in three versions starting at RMB 263,900, RMB 313,900, and RMB 363,900 respectively.

This means that the XPeng G6 starts at RMB 38,900 less than the Model Y. The G6 is also RMB 84,900 less than the XPeng flagship SUV, the G9, which starts at RMB 309,900.

It is important to note that the pre-sale price is not the final price and XPeng may offer new pricing based on consumer feedback when the G6 is officially launched.

Consumers who pay RMB 2,000 to reserve the XPeng G6 now will receive an RMB 5,000 discount when they pay for the car.

The XPeng G6 will be officially launched in June, with volume deliveries starting in July, and production capacity will climb rapidly, its management said in a May 24 analyst call after announcing first-quarter earnings.

The G6 will be a hot seller in China's new energy SUV market priced in the RMB 200,000 to 300,000 range, and will enable XPeng's total deliveries to grow well above the industry's pace in the third quarter, the company said.

The G6 has been set aside about two months from the start of production to delivery, and XPeng expects the model to reach more than double the sales of the P7i, its management said.

That means XPeng management expects monthly sales of the G6 to reach 6,000-8,000 units, Deutsche Bank analyst Edison Yu's team said in a research note sent to investors on May 30.

XPeng will likely price the G6 significantly lower than the Model Y, hoping to attract consumers with a sleeker design and updated interior, the team said, adding that the X is already taking that approach with a starting price of just RMB 190,000.

XPeng unveiled an architecture called SEPA (Smart Electric Platform Architecture) 2.0 at a technology conference in Shanghai on April 16, saying the G6 will be the first model built on it.

On April 18, XPeng officially unveiled the G6 on the first day of the Shanghai auto show, saying that the G6 is the ultimate form of car before fully 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 G9.

XPeng cites the Tesla Model Y as its main competitor to the G6. 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 and 1,624 mm and a wheelbase of 2,890 mm.

($1 = RMB 7.1187)

XPeng making its last stand with G6, says Deutsche Bank

The post XPeng begins pre-sales of G6 with starting price significantly lower than Tesla Model Y appeared first on CnEVPost.

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BYD officially names F brand Fang Cheng Bao, initial model to be launched this year

Fang Cheng Bao's model lineup ranges from off-road vehicles to sports cars, and its initial model, a hardcore SUV codenamed SF, is expected to be launched this year.

(OTCMKTS: BYDDY) unveiled the official name of its F brand, with its first model to be launched within the year.

BYD officially announced its new sub-brand Fang Cheng Bao, the fifth in its brand matrix following the Dynasty series, Ocean series, Denza and Yangwang, according to a press release today.

The sub-brand will meet the increasingly personalized needs of consumers by offering a series of unique and professional-grade new energy vehicle (NEV) models, BYD said.

Fang Cheng Bao's model lineup ranges from off-road vehicles to sports cars, and its initial model, a hardcore SUV codenamed SF, is expected to launch this year, according to the release.

Fang Cheng Bao's brand name literally translates to "Formula" and "Leopard," symbolizing the pursuit of a transformative rise and exploration of digital realms, according to BYD.

It blends the standards and rules of Formula with the agility and wild versatility of the Leopard, bringing out the distinctive essence of the brand and BYD's vision of the future of cars and lifestyles, the company said.

"Many people think that the global e-mobility transition is a revolution in the automobile industry, where vehicles powered by fossil fuels get replaced by electric cars. However, from BYD, we believe this is only a minor part of the whole transition, and a greater realm is unfolding," said BYD chairman and president Wang Chuanfu.

BYD envisions the Fang Cheng Bao as a prelude to a revolution.

With the attitude of always being ahead of the curve, Fang Cheng Bao and its users will decode the future of personalized automotive life through its diverse NEV offerings, BYD said.

BYD did not provide more information about Fang Cheng Bao's first model, though CnEVPost previously learned that the model codenamed SF will target a market with a price range of RMB 400,000 ($56,240) to RMB 600,000.

Xiong Tianbo, former head of BYD auto sales research institute, will be the general manager of the brand's sales division, leading the brand's product planning, channel sales and brand building, a company insider previously told CnEVPost.

Judging from the outline of the SF model, it is expected to compete with the Mercedes-Benz G-Class at a lower price.

Fang Cheng Bao is the latest important piece of BYD's brand map.

BYD Group currently has the BYD Seagull, which starts at just 73,800 yuan, and the Yangwang U8, which has a pre-sale price of RMB 1,098,000, for sale and for consumers to reserve.

The company officially opened its first brand experience center on May 20, occupying five floors with a total area of 6,550 square meters.

Its model display area showcases models including the BYD Frigate 07, BYD Seagull, Denza D9 and Yangwang U8.

The experience center building's facade leaves an area in between the BYD and Yangwang logos, which appears to be its reserved spot for the Fang Cheng Bao logo.

Here are more explanations from BYD about the Fang Cheng Bao brand, as well as more pictures of the SF model.

BYD F brand to use new powertrain, targeting market with price above RMB 400,000

($1 = RMB 7.1123)

The post BYD officially names F brand Fang Cheng Bao, initial model to be launched this year appeared first on CnEVPost.

For more articles, please visit CnEVPost.

NIO to launch ‘brand new NIO models’ in Europe on Jun 15

could bring the ET5 Touring and the new ES6 to European customers at a launch event next week.

NIO (NYSE: NIO) will launch new models in Europe next week, and the latest information suggests it may be more than just the ET5 Touring.

"Brand new NIO models are coming. June 15, 19:00 CEST," reads the text of a picture on the front page of NIO's English-language website.

"Join us online and get a preview experience of the brand new NIO models www.nio.com #inspiredbylife," NIO says in the text included in the "Add to Calendar" button on its website.

The event's European start time corresponds to June 15 at 1:00 pm US Eastern Time, or June 16 at 1:00 am Beijing Time.

Recent information indicates that NIO is expected to launch the ET5 Touring at the event, a model that has been seen frequently in Europe as well as China over the past two months.

The ET5 Touring has been quietly arriving at NIO stores in China, longtime NIO follower and car blogger @肉肉爸比ev said on Weibo yesterday.

The model will enter NIO's showrooms on the evening of June 9, and those interested can check it out on June 10, the blogger said, without providing any further information.

NIO will report first-quarter earnings before the US stock market opens on June 9 and then hold an analyst call.

NIO's management had previously mentioned that this variant of the ET5 would debut in Europe, and the model was developed primarily for European customers.

It's not clear if NIO will hold a separate launch for the model in China, as the company said on June 1 that the ET5 Touring will be launched globally in June and start its delivery with Chinese market.

NIO used the word "models" instead of "model" in the event preview on its English website, suggesting that it will launch more than one model at next week's event.

In addition to the ET5 Touring, NIO may also launch the new ES6 to local customers at the European event.

NIO launched the new ES6 in China on May 24, and deliveries began that night.

The new ES6 has a starting price in China of RMB 368,000 ($51,740) including batteries, making it the cheapest NIO SUV.

NIO last held a launch event in Europe on October 8, 2022, when the company introduced the ET7, EL7 and ET5 to European customers.

The EL7 is the ES7 sold in China, and that new name is due to NIO's lawsuit with Audi. The ES6 is expected to be similarly known as the EL6 in international markets.

($1 = RMB 7.1122)

ET5 Touring said to be available at NIO showrooms in China starting Jun 10

The post NIO to launch 'brand new NIO models' in Europe on Jun 15 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

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