Monthly Archive: July 2023

Neta delivers 12,132 vehicles in Jun, including 1,201 overseas

delivered 36,241 vehicles in the second quarter, up 9.89 percent from a year earlier and up 38.45 percent from the first quarter.

Neta Auto, Hozon Auto's electric vehicle (EV) brand, saw deliveries slip last month after four months of sequential growth.

Neta delivered 12,132 vehicles in June, down 6.88 percent from 13,029 in May and down 7.79 percent from 13,157 in the same month last year, according to data released today.

June deliveries included 1,201 vehicles delivered overseas, according to Neta, which is the first time it has released overseas delivery figures.

Neta's electric sports car, the Neta GT, delivered 1,298 units in June, according to the company, which did not disclose figures for other models.

The company delivered 36,241 vehicles in the second quarter, up 9.89 percent from a year earlier and up 38.45 percent from the first quarter.

In the first half of the year, Neta delivered 62,417 vehicles, down 1.13 percent from 63,131 units in the same period last year.

Neta has been seen as a budget EV maker since its inception in October 2014, as its vehicles have been priced primarily to target the lower end of the market over the past few years. The Neta V and Neta U currently start at RMB 83,900 (11,570) and RMB 118,800 in China, respectively.

The Neta S, its first effort at the premium end of the market, hit the market in China on July 31, 2022, with a current starting price range of RMB 202,800 to RMB 341,800.

On the first day of the Shanghai auto show on April 18, Neta officially launched the Neta GT sports car for a starting price of RMB 178,800 to RMB 227,800. Deliveries of the model began on May 13.

(Image credit: CnEVPost)

Neta announced its strategy to enter overseas markets in November 2021, with the first stop being Thailand.

The right-hand drive version of the Neta V was launched in Thailand on August 24, 2022, its first model offered there.

On March 10, 2023 Neta laid the foundation stone for its factory in Bangkok, Thailand, which will be its main manufacturing base for building right-hand drive electric vehicles for export to ASEAN.

On May 11, Neta announced its entry into Malaysia, officially launching the right-hand drive version of the Neta V for local consumers at the largest auto show in the region.

On June 6, Neta announced that 4,000 Neta EVs were shipped abroad, the latest new batch after 3,600 units were sent to overseas markets in March.

($1 = RMB 7.2523)

Neta deliveries in Jun: 12,132

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Leapmotor delivers record 13,209 vehicles in Jun as pivot to EREVs seems to be paying off

In June, Leapmotor's flagship C-series model delivered more than 11,600 units, contributing more than 87 percent of total deliveries.

Leapmotor delivers record 13,209 vehicles in Jun as pivot to EREVs seems to be paying off-CnEVPost

Leapmotor delivered a record number of vehicles last month, as the company's move to add extended-range electric vehicle (EREV) offerings appears to have worked to boost sales.

The company delivered 13,209 vehicles in June, surpassing the previous record of 12,525 vehicles last August, according to figures released today.

That's up 17.32 percent from 11,259 units a year ago and up 9.55 percent from 12,058 units in May.

Leapmotor delivered 33,993 vehicles in the second quarter, up 11.76 percent year-on-year and up 223.47 percent from the first quarter.

Leapmotor delivers record 13,209 vehicles in Jun as pivot to EREVs seems to be paying off-CnEVPost

In the first half of the year, the company delivered 44,502 vehicles, down 14.41 percent from 51,994 in the same period last year.

By the end of June, Leapmotor had delivered 206,171 vehicles since its inception, according to data monitored by CnEVPost.

In June, Leapmotor's flagship C-series model delivered more than 11,600 units, contributing more than 87 percent of total deliveries, the company said today.

Of the total, more than 8,900 units of the flagship SUV model, the C11 series, were delivered, it said.

Founded in 2015 and headquartered in Zhejiang, Leapmotor's models on sale include the mini vehicle T03, the coupe model S01, the flagship SUV C11, and the flagship sedan C01.

Leapmotor has been seen as a budget EV maker for the past few years, with sales mainly contributed by the inexpensive T03, which currently has a starting price range of RMB 59,900 ($8,260) to RMB 89,900.

The C11, which went on sale September 29, 2021, and the C01, which went on sale September 28, 2022, are Leapmotor's flagship models, targeting the RMB 150,000 to RMB 300,000 range.

Leapmotor delivers record 13,209 vehicles in Jun as pivot to EREVs seems to be paying off-CnEVPost

(Image credit: CnEVPost)

Deliveries of Leapmotor declined significantly starting in the fourth quarter of last year, falling to 1,139 units by January of this year, the lowest since March 2021.

To reverse the sales decline, Leapmotor announced plans last year to release an EREV model to target the market for larger plug-in hybrids. All of Leapmotor's previous models were battery electric vehicles (BEVs).

On March 1, Leapmotor officially launched the C11 EREV and offered 2023 models for the previously available BEVs, allowing for lower starting prices. Deliveries of the C11 EREV began in March.

Leapmotor will release an EREV variant of its flagship sedan, the C01, in July-August of this year, the company's founder, chairman and CEO Zhu Jiangming said previously.

Starting with the B-series models, all future new Leapmotor models will be offered in both BEV as well as EREV versions, Zhu said.

In late March, Leapmotor management said the company was targeting 200,000 units in 2023, nearly double the number of units sold in 2022.

Leapmotor delivered 111,168 vehicles in 2022, up 157.80 percent from 43,121 in 2021.

($1 = RMB 7.2523)

Leapmotor deliveries in Jun: 13,209

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