Monthly Archive: June 2023
Leapmotor sees cumulative deliveries reach 200,000 units
That means Leapmotor has delivered 7,038 vehicles so far this month. The company delivered 12,058 vehicles in May.
(Image credit: Leapmotor)
Leapmotor has reached 200,000 cumulative deliveries since its inception, the Zhejiang-based new energy vehicle (NEV) maker announced today.
The company delivered 12,058 vehicles in May, up 19.75 percent from 10,069 in the same month last year and up 38.18 percent from 8,726 in April, according to information it announced earlier this month.
By the end of May, Leapmotor had delivered 192,962 vehicles since its inception, data monitored by CnEVPost showed. Today's milestone means that Leapmotor has delivered 7,038 vehicles so far this month.
Founded in 2015, Leapmotor's models on sale include the mini vehicle T03, the coupe model S01, the flagship SUV model C11, and the flagship sedan C01.
The C11, which went on sale on September 29, 2021, and the C01, which went on sale on September 28, 2022, are Leapmotor's flagship models, targeting the RMB 150,000 ($20,900) to 300,000 range.
On March 1 this year, Leapmotor officially launched the C11 extended-range electric vehicle (EREV), banking on the model's targeting a larger market to turn around weak sales performance.
The company's previous sales were mainly contributed by the inexpensive electric vehicle T03, which has led Leapmotor to be seen as a budget EV maker. The model's current starting price range is RMB 59,900 to RMB 89,900.
Leapmotor's higher-priced C11 EREV is priced from RMB 149,800 to RMB 185,800. The C11's all-electric version starts at RMB 155,800 to RMB 219,800.
Its flagship sedan, the C01, has a price range of RMB 149,800 to RMB 228,800.
In late March, Leapmotor management said the company is targeting 200,000 units in 2023, nearly doubling its sales from 2022.
Leapmotor delivered 111,168 vehicles in 2022, up 157.80 percent from 43,121 units in 2021.
($1 = RMB 7.1760)
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Buick E4 pure electric SUV launched in China, with a range of 620km, starting at 26,400 USD
Buick E4 is the fourth EV launched by Buick in China. Currently, EVs account for only 1/15 of Buick's sales in China, while EVs account for nearly 30% of new cars in the Chinese market.
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Qiantu’s parent firm to establish joint venture in Jordan
The joint venture will bring Qiantu's K50, K20 and K25 to Jordan and serve the Middle East and North African markets, Qiantu said.
(Image credit: Qiantu)
Qiantu Motors, which is almost forgotten in China, seems to be continuing to push its presence in overseas markets.
Qiantu's parent company, CH-Auto Technology Co Ltd, recently signed a strategic partnership agreement with the Manaseer Group, Jordan's largest private company, to jointly establish a joint venture in Jordan, according to a press release yesterday.
Qiantu will work with Manaseer to expand into the Middle East and North Africa market, bringing exciting electric vehicle (EV) options to consumers in the region, the Chinese EV maker said.
Jordan has one of the most stable and reliable markets in the Middle East and ranks first in economic freedom in the region, according to the press release from Qiantu.
Manaseer was founded in 1999 and has 16 subsidiaries with businesses in construction, building materials, new energy, transportation, modern agriculture, minerals and other sectors, according to the release.
The joint venture will bring Qiantu's K50, K20 and K25 EVs to Jordan and serve the Middle East and North African markets, Qiantu said.
Founded in 2015, Qiantu was one of the first EV startups in China.
Qiantu's first model, the Qiantu K50, was launched in China in 2018, but the model did not win recognition for the company and was discontinued in November 2020.
On December 18, 2021, Qiantu held a strategy-sharing session at its factory in Suzhou, marking its return after a two-year hiatus.
Qiantu unveiled its new development plan at that time, and also held a ceremony to launch the Qiantu K50 sports car and deliver the model to customers.
In October 2022 Qiantu announced to showcase and start pre-sales of Qiantu K50, Qiantu K25 and Qiantu K20 in Malaysia, with Qiantu K25 making its global debut.
In March this year, Qiantu signed an agreement with Mullen Automotive, an American EV company, to expand into the US market, and the K50 supercar will be rebranded with the Mullen GT and GTRS.
These modifications will be in line with Mullen's current vehicle design language in the Mullen FIVE and Mullen FIVE RS.
To secure the supercar's status, the car will also feature an updated powertrain, targeting a 0-60 mph time of less than 2.0 seconds and a top speed of more than 200 mph.
Qiantu inks deal with Mullen to tap US market, K50 supercar to be rebranded as Mullen GT and GTRS
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BYD Song Plus Champion Edition launched in China. EV version starts at 23,700 USD
The BYD Song Plus EV has up to 620 km of range and 218 hp. As for the DM-i version, it can run up to 150 km (CLTC) on a single charge.
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Buick launches Electra E4 electric SUV in China at competitive pricing
The Buick Electra E4 starts at RMB 189,900 in China, with deliveries set to begin in July.
(Image credit: Buick)
General Motors' Buick brand has clearly adapted to the competitive Chinese electric vehicle (EV) market, launching its second model built on GM's Ultium platform at a competitive price and fast delivery pace.
Buick officially made the Electra E4, an all-electric coupe SUV, available in China yesterday, just two months after the launch of the Electra E5, its first model built on the Ultium platform.
The Buick Electra E4 is available in four versions in China, starting at RMB 189,900 ($26,520), RMB 209,900, RMB 219,900 and RMB 259,900 respectively.
For comparison, the Tesla Model Y, the best-selling electric SUV in China, starts at RMB 263,900 and the EC7, NIO's coupe SUV, starts at RMB 458,000.
The model will gradually become available in showrooms and its delivery will begin in July, Buick said.
The car is an all-electric coupe SUV with a length, width and height of 4,818 mm, 1,912 mm and 1,581 mm, respectively, and a wheelbase of 2,954 mm.
For comparison, the Electra E5 measures 4,892 mm in length, 1,905 mm in width and 1,655 mm in height, and has a wheelbase of 2,954 mm.
The Buick Electra E4 is available in two power versions, the dual-motor version with a maximum output of 143 kW for the front electric motor and 68 kW for the rear electric motor, accelerating from 0 to 100 km/h in 6.2 seconds.
Its single-motor version features a front motor with a maximum output of 150 kW.
The Buick Electra E4 is powered by a ternary lithium-ion battery supplied by a joint venture between CATL and SAIC, with a 65-kWh pack for the standard range version and a CLTC range of 530 km. Its long-range version has a pack capacity of 79.7 kWh and a CLTC range of 620 km.
Buick is one of the most aggressive in embracing the transition to electrification in the Chinese auto industry. It launched the Electra E5 on April 13, offering five versions with starting prices of RMB 208,900, RMB 222,900, RMB 225,900, RMB 239,900, and RMB 278,900 respectively.
On April 25, Buick announced that the Electra E5 received more than 8,000 orders after 12 days on the market.
On May 29, SAIC Motor, a joint venture between GM and SAIC, said the first deliveries of Electra E5 vehicles had begun, but did not announce the number of deliveries.
($1 = RMB 7.1614)
Buick Electra E5 gets over 8,000 orders in less than 2 weeks after launch in China
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