Author: Lei Kang/CnEVPost

Geely Galaxy launches 1st model L7 to gain share in hybrid market

The Galaxy L7 is available in five versions with a starting price of RMB 138,700, or about $19,500.

(Image credit: Geely Galaxy)

Geely Galaxy, the new energy vehicle (NEV) sub-brand of Geely Auto Group, has made its first model, the L7, available to gain share from the plug-in hybrid market.

Geely Galaxy officially made the L7 available in China at a launch event yesterday, offering five versions with starting prices of RMB 138,700 ($19,500), RMB 143,700, RMB 153,700, RMB 163,700, and RMB 173,700, respectively.

The Geely Galaxy L7 is a hybrid SUV with a length, width and height of 4,700 mm, 1,905 mm and 1,685 mm, respectively, and a wheelbase of 2,785 mm.

Based on the e-CMA architecture, the vehicle is powered by a 1.5T four-cylinder engine with a combined maximum system power of 287 kW and a combined maximum torque of 535Nm and can accelerate from 0 to 100 km/h in 6.9 seconds.

The Geely Galaxy L7 has two battery range options, with a CLTC pure electric range of 55 km and 115 km respectively. The model has a combined range of up to 1,370 km on full fuel and full charge.

The car is powered by a 1.5T engine with a thermal efficiency of 44.26 percent, ranking first among known production engines, said Geely Galaxy.

The Geely Galaxy L7 supports fast charging and external discharge, taking 30 minutes to replenish energy from 30 percent to 80 percent.

The vehicle uses the Qualcomm Snapdragon 8155 chip, the cockpit chip currently used in mainstream flagship electric vehicles in the Chinese market.

First deliveries of the L7 will begin on June 13, Geely Galaxy said.

Geely Auto Group officially launched the new Geely Galaxy brand on February 24 and unveiled its first production model, the L7.

Geely Galaxy plans to launch a total of seven models by 2025, including four plug-in hybrids in the L-series and three all-electric models in the E-series.

Geely Galaxy will launch the L6 in the third quarter of 2023, the L5 in the second quarter of 2024, and will launch the L9 in 2025.

In the all-electric product sequence, Geely Galaxy will launch the Galaxy E8 in the fourth quarter of 2023, the Galaxy E7 in the second quarter of 2024, and the Galaxy E6 in the third quarter of 2024.

Geely Auto Group CEO Gan Jiayue said in January that the group's sales target for 2023 is 1.65 million vehicles, including 600,000 NEVs.

Geely Auto Group sold 1.43 million vehicles in 2022, up 8 percent from a year earlier, including about 330,000 NEVs, according to data monitored by CnEVPost.

In April, the group sold 113,642 vehicles, up 3 percent from 110,300 in March, according to data it released last month.

($1 = RMB 7.1116)

Geely Galaxy brand officially launched, to roll out 7 models by 2025

The post Geely Galaxy launches 1st model L7 to gain share in hybrid market appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Neta sees 300,000th production vehicle roll off line

delivered 11,080 vehicles in April, bringing its cumulative deliveries since inception to 285,305, according to data monitored by CnEVPost.

(Image credit: Neta)

Neta Auto, the electric vehicle (EV) brand of Hozon Auto, saw its 300,000th production vehicle roll off the line today, marking an important milestone in the company's history.

Neta saw its 100,000th vehicle roll off the line in January 2022. The company delivered 152,073 vehicles last year, up 118.26 percent year-on-year.

The latest milestone comes 16 months after it rolled off the line its 100,000th vehicle.

Neta has been seen as a budget EV maker since its inception in 2014, as its vehicles are priced primarily at the lower end of the market, with the previous main sellers Neta V and Neta U priced at around 100,000 yuan ($14,080).

Neta's flagship sedan, the Neta S, is its first effort at the premium end of the market, with the model primarily targeting a price range of RMB 200,000 to 300,000.

The Neta GT sports car was launched on April 18 with a starting price of RMB 178,800 to RMB 227,800.

Neta delivered 11,080 vehicles in April, bringing its cumulative deliveries since its inception to 285,305 units, data monitored by CnEVPost shows.

The company is expected to announce May's delivery figures on June 1.

Neta is targeting sales of 300,000 units in 2023, local media China Securities Journal reported on February 7.

Neta opened its global headquarters in Shanghai on May 29, as it tries to build a more premium brand image.

Previously it had a Shanghai headquarters in the Minhang district of Shanghai. It has a design center in Beijing and a factory in Tongxiang, Zhejiang province.

($1 = RMB 7.1037)

Neta begins deliveries of electric sports car Neta GT, less than 1 month after launch

The post Neta sees 300,000th production vehicle roll off line appeared first on CnEVPost.

For more articles, please visit CnEVPost.

BYD launches 2023 Yuan Pro SUV with prices starting at $13,500

The Yuan family of models sold 39,160 units in April, making it the second highest-selling model for the month.  |  BYDDY.US | BYD HK

(Image credit: BYD)

BYD (OTCMKTS: BYDDY) today officially launched the 2023 Yuan Pro, a compact SUV originally rolled out by BYD in March 2021.

The improved version of the Yuan Pro is offered in three versions with starting prices of RMB 95,800 ($13,500), RMB 105,800 and RMB 113,800 respectively.

BYD started the pre-sale for the 2023 Yuan Pro on April 7, when the pre-sale prices for these three versions were RMB 99,800, RMB 109,800 and RMB 119,800 respectively.

Compared with the pre-sales, the launch prices of the three versions of the 2023 Yuan Pro has been reduced by RMB 4,000, RMB 4,000 and RMB 6,000 respectively.

The model's length and height are 4,375 mm, 1,785 mm and 1,680 mm respectively, with a wheelbase of 2,535 mm.

It continues the Dragon Face 3.0 design language of the previously available model.

The 2023 Yuan Pro is based on the BYD e-Platform 3.0 and features an electric motor with a maximum power of 70 kW and a maximum torque of 180 Nm, accelerating from 0 to 50 km/h in 4.9 seconds.

The car offers two range versions, with a CLTC range of 320 km and 401 km, respectively. It is equipped with a lithium iron phosphate battery pack with a capacity of 38 kWh and 47.04 kWh, respectively.

The 2023 BYD Yuan Pro supports DC fast charging, which can replenish energy from 30 percent to 80 percent in 30 minutes.

The previously available BYD Yuan Pro was launched on March 21, 2021, when two versions were offered at a subsidized price of RMB 121,300 and RMB 131,400, respectively.

China's purchase subsidies for new energy vehicles (NEVs) end at the end of 2022, and the country's purchase tax exemption for such models was extended until the end of this year.

BYD sold 210,295 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 on May 2.

Yuan family models sold 39,160 units in April, the second-highest-selling BYD model for the month, according to data monitored by CnEVPost. This represents a 158.18 percent year-on-year increase, but a 3.07 percent decrease from March.

The Yuan family of models includes the Yuan Pro as well as the Yuan Plus, for which breakdown sales figures are not available.

The Qin family of models sold a record 42,202 units in April, making it the highest-selling BYD model for the month.

($1 = 7.1036 RMB)

Musk once laughed at BYD, but now thinks 'their cars are highly competitive'

The post BYD launches 2023 Yuan Pro SUV with prices starting at $13,500 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Geely reportedly plans to enter Thailand EV market

is in the early stages of planning its entry into Thailand's EV market, including weighing imported and locally made models, Reuters reported.

(A car displayed by Geely's Livan brand at the Shanghai auto show in April 2023. Image credit: CnEVPost)

Thailand is a key stop for Chinese automakers as they expand internationally, with Geely reportedly becoming the latest to target that Southeast Asian market.

Geely is in the early stages of planning its entry into Thailand's electric vehicle (EV) market, including weighing imported and locally built models, Reuters reported today, citing two people familiar with the matter.

Considerations include whether to sell entry-level EVs in Thailand, as well as an electric pickup truck under its new Radar brand, the people said.

Thailand's Board of Investment held discussions with five major Chinese automaker makers, including Geely, during a road show in China in April, the report said, citing Narit Therdsteerasukdi, the board's secretary general.

The other companies are , Changan Automobile, JAC Motors and Jiangling Motors, according to the report.

Discussions with Geely have faced additional complications because the company has given working-level autonomy to brand-level operating groups such as Geometry and Radar, the report said, citing a person familiar with the matter.

Geely needs to decide what models to bring to Thailand, and its review includes the possibility of building a plant in Thailand, according to the report.

Geometry, an EV brand Geely launched in 2019, sold 57,877 units in the January-April period, up 73.54 percent year-on-year, according to data monitored by CnEVPost.

Radar, Geely's outdoor lifestyle brand unveiled in July 2022, launched its first model, the RD6 electric pickup, in China in November 2022.

The Thai government's goal is that EV production is expected to account for 30 percent of total vehicle production by 2030.

The country hopes to become a major EV hub in Southeast Asia, which provides an opportunity for Chinese automakers.

On March 10, BYD broke ground on its plant in Thailand, when the company held a ceremony to deliver the 9,999th and 10,000th BYD Atto 3s.

BYD's plant is expected to start production in 2024 with an annual capacity of about 150,000 units.

Hozon Auto's brand also broke ground on a plant in Bangkok, Thailand, on March 10, which will be its main manufacturing base for building right-hand drive electric vehicles for export to ASEAN.

In addition to car companies, major suppliers in China's EV industry chain are also targeting the Thai market.

Gotion Singapore, a wholly owned subsidiary of Volkswagen-backed Chinese power battery giant Gotion High-tech, signed an agreement with Thailand's Nuovo Plus Company Limited on December 15, 2022, to set up a joint venture, according to a bourse announcement at the time.

The two parties plan to establish a joint venture company, NV Gotion Co Ltd, in Thailand to build a power lithium-ion battery pack production base, according to Gotion's announcement.

On May 13, 2022, announced that it had signed a strategic cooperation memorandum with Thailand's Arun Plus to cooperate on battery-related businesses in the ASEAN region.

On May 3 of this year, a Reuters report said that Thailand was in talks with CATL and other battery manufacturers to build production facilities in the Southeast Asian country.

Geely Holding becomes 3rd largest shareholder of Aston Martin, increases stake to 17%

The post Geely reportedly plans to enter Thailand EV market appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Musk meets with more officials as he begins 2nd day of China visit

Musk met with China's Minister of Industry and Information Technology and Minister of Commerce today. He met with China's foreign minister after arriving in Beijing yesterday and was seen meeting with 's chairman.

(Image credit: CnEVPost)

(NASDAQ: TSLA) CEO Elon Musk began the second day of his visit to China today, meeting with more local officials.

On May 31, Chinese Ministry of Industry and Information Technology (MIIT) Minister Jin Zhuanglong met with Musk in Beijing, where they exchanged views on topics including the development of new energy vehicles (NEVs) and smart connected vehicles, according to an announcement from the MIIT.

The MIIT is China's industrial regulator, overseeing areas including the automotive industry.

Earlier today, Reuters reported that Musk visited China's Ministry of Commerce and met with Commerce Minister Wang Wentao.

Musk arrived in Beijing yesterday on its private jet, and was later met by Chinese State Councilor and Foreign Minister Qin Gang.

Tesla opposes decoupling as well as supply chain disconnection and is willing to continue to expand its business in China and share in China's development opportunities, Musk said, according to a statement from the Chinese Foreign Ministry yesterday.

In addition to the meeting with Chinese officials, Musk was seen yesterday meeting with Robin Zeng, chairman of CATL, the world's largest power battery maker.

A picture circulating on Chinese social networks showed Musk and Zeng together in the lobby of a hotel.

Neither Tesla nor CATL made an announcement about the meeting. Local media outlet The Paper cited industry sources as saying the talks could include cell supply for Tesla's Megafactory in Shanghai, future cooperation on a battery plant in North America and power cell supply.

Tesla signed a contract with Shanghai's Lingang authorities on April 9 to build a new Megafactory in the area, which will be dedicated to the production of Tesla's energy storage product Megapack.

The Megafactory will be Tesla's first energy storage system factory outside of the US home market, with an initial planned annual production capacity of up to 10,000 commercial energy storage batteries and an energy storage scale of nearly 40 GWh, with products to be supplied to the global market.

The plant is scheduled to start construction in the third quarter of this year and go into operation in the second quarter of 2024, according to an announcement by the Lingang special area administration.

Tesla's vehicle assembly plant in Shanghai is located in the Lingang area, which began operations in late 2019 and has now become Tesla's largest EV production site in the world.

Tesla sold 75,842 China-made vehicles in April, including 39,956 delivered in China and 35,886 exported, according to data released earlier in the month by the China Passenger Car Association (CPCA).

Chinese foreign minister Qin Gang meets with Tesla CEO Elon Musk in Beijing

The post Musk meets with more officials as he begins 2nd day of China visit appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Denza to begin delivery of N7 SUV in July, offers 2 front design options

Denza, which currently has only the Denza D9 MPV on sale, delivered 10,526 units in April, the second consecutive month with more than 10,000 units.  |  BYDDY.US | HK

Denza, the premium new energy vehicle (NEV) brand of BYD (OTCMKTS: BYDDY), has announced the launch schedule for the upcoming Denza N7, after pre-sales of the new SUV began last month.

The Denza N7 will be officially launched in late June, with deliveries starting in July, Zhao Changjiang, general manager of Denza's sales division, said yesterday at the company's first brand day after it was effectively controlled by BYD.

Denza is a joint venture established by BYD and Daimler in February 2011, with each holding a 50 percent stake at the time. In February 2022, the Daimler brand was rebranded as Mercedes-Benz.

BYD's stake in Denza increased to 90 percent last year, and Mercedes-Benz's stake decreased to 10 percent.

In August 2022, Denza let the D9 MPV go on sale, the brand's first model after the reorganization. The Denza D9 began deliveries at the end of October last year and 10,526 units were delivered in April this year, the second consecutive month with more than 10,000 units.

The Denza N7, the second model after the Denza equity change, is a 5-seat midsize SUV with a length, width and height of 4,860 mm, 1,935 mm and 1,602 mm respectively, and a wheelbase of 2,940 mm.

The model will have two front design options, differing in the daytime running lights below the headlights, one with a bar and the other with a grille, Zhao said at yesterday's event.

The N7 will be delivered with smart driving hardware and the advanced assisted driving software will be available starting in December, Zhao said.

The Denza N7 has its own operating system and is compatible with different systems, 's HarmonyOS being one of them.

Denza D9 consumers are in their 30s and 40s, and 30 percent of them ordered the Denza N7, Zhao said.

Data from more than 10,000 orders show that Denza N7 consumers are over 23 years old, younger than those for the D9, he said.

Denza opened reservations for the N7 on the first day of the Shanghai auto show on April 18, but its pricing information was not released.

Zhao said on Weibo last December 20 that the SUV aims to capture the market for traditional internal combustion engine cars priced around 400,000 yuan ($56,300).

On April 25, Denza said the N7 received 10,569 pre-orders, just seven days after pre-sales bean.

In addition to the N7, Denza has also unveiled the exterior and interior design of another SUV, the Denza N8.

($1 = 7.1044 RMB)

Denza could see monthly sales of over 20,000 units this year, exec says

The post Denza to begin delivery of N7 SUV in July, offers 2 front design options appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Evergrande NEV’s plant restarts production after 1-month pause

Evergrande NEV will accelerate production and deliveries of the Hengchi 5 and advance the development and production of subsequent models, an executive said.

Evergrande NEV's plant restarts production after 1-month pause-CnEVPost

The plant of Evergrande New Energy Vehicle Group (Evergrande NEV), the electric vehicle unit of China's Evergrande Group, has resumed production after a month-long hiatus.

Evergrande NEV's Hengchi Auto plant in Tianjin resumed full production on May 23, according to an article posted by Hengchi on its official WeChat account today.

Officials from Tianjin Binhai New Area visited the plant on May 29, where production lines are running normally and thousands of workers are working, Hengchi said.

Hengchi president Liu Yongzhuo said the company will speed up the production and delivery of Hengchi 5 and push forward the development and production of subsequent models.

Here is a video accompanying Hengchi's article.

 

Hengchi's Tianjin plant had previously suspended production for a month because of financial difficulties.

On March 23, Evergrande NEV said in a Hong Kong Stock Exchange announcement that it had continued its cost-saving initiatives to focus its financial resources on supporting mass production of the Hengchi 5, with job cuts at its Swedish subsidiary National Electric Vehicle Sweden AB.

However, Evergrande NEV will be at risk of shutting down production if it is unable to secure additional liquidity, the announcement said.

In a new HKEX announcement on April 24, Evergrande NEV said it had already delivered more than 900 Hengchi 5 units to consumers, but would suspend production of the model at its Tianjin plant due to a lack of funds.

The group plans to resume production of the model in May, the announcement added.

The Hengchi 5 is the first model of Hengchi Auto to be mass-produced, and it started deliveries on October 29, 2022.

The model is currently available in only one version with a starting price of RMB 179,000 ($25,240).

Trading of Evergrande NEV's shares traded in Hong Kong has been suspended since April 1, 2022, and a date for restarting trading has not yet been set.

($1 = RMB 7.0914)

Evergrande NEV puts Hengchi 5 production on hold due to lack of funds

The post Evergrande NEV's plant restarts production after 1-month pause appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Buick begins delivery of Electra E5 electric SUV in China

The Electra E5 received more than 8,000 orders after 12 days on the market, Buick previously said.

(Image credit: CnEVPost)

Buick Electra E5 -- the brand's first model based on GM's Ultium platform -- has begun deliveries in China, where the electric SUV's aggressive pricing previously gave it a good initial reception.

SAIC-GM, a joint venture between GM and SAIC, said on Monday that the first deliveries of the Electra E5 have begun, but did not announce the number of vehicles delivered.

Buick will improve its energy replenishment system by adding nearly 1,000 Ultium supercharging terminals by the end of this year, and is on track to reach more than 400,000 charging posts provided by mainstream operators, SAIC said.

(Image credit: SAIC-GM)

Orders for the Electra E5 have continued to grow in different regions since its launch, and SAIC-GM's Ultium plant in Wuhan will optimize production scheduling to meet more consumer demand, the company said.

The model, officially launched in China on April 13, is a mid-to-large-size five-seat SUV with a length of 4,892 mm, a width of 1,905 mm and a height of 1,655 mm, respectively, and a wheelbase of 2,954 mm.

The Electra E5 is available in five versions with starting prices of RMB 208,900 ($29,530), 222,900, 225,900, 239,900 and 278,900 respectively.

That pricing is very aggressive for an electric SUV of that size.

's Tang EV starts at RMB 282,800 and measures 4,900 mm in length, 1,950 mm in width and 1,725 mm in height, with a wheelbase of 2,820 mm.

The Model Y, the best-selling electric SUV in China, measures 4,750 mm in length, 1,921 mm in width, 1,624 mm in height and has a wheelbase of 2,890 mm, and it currently has a starting price of RMB 261,900.

On April 25, Buick announced that the Electra E5 received more than 8,000 orders after 12 days on the market.

Of those who ordered the Electra E5, 78 percent opted for versions priced at RMB 225,900 and 239,900, Buick said at the time.

($1 = RMB 7.0739)

Buick Electra E5 gets over 8,000 orders in less than 2 weeks after launch in China

The post Buick begins delivery of Electra E5 electric SUV in China appeared first on CnEVPost.

For more articles, please visit CnEVPost.

French auto parts maker Valeo to invest in Didi’s autonomous driving unit

Valeo and Didi Autonomous Driving will set up a joint R&D team to work on safety systems for L4 robotaxis.

French auto parts maker Valeo to invest in Didi's autonomous driving unit-CnEVPost

(Image credit: Didi)

French auto parts maker Valeo will invest in Didi Global's autonomous driving division to bet on the fast-growing segment in China.

On May 29, Valeo and Didi Autonomous Driving entered into a strategic partnership and investment agreement in which Valeo intends to invest in the latter and will jointly develop safety solutions for L4 robotaxis.

Valeo and Didi revealed the development in their respective press releases but did not mention the amount of the planned investment.

"Today, we are proud to sign this agreement to invest in DiDi Autonomous Driving and join our R&D efforts to develop safety solutions," Geoffrey BOUQUOT, Valeo Executive Vice President Strategy and CTO, said.

Valeo and Didi Autonomous Driving will form a joint R&D team to work on safety systems for L4 robotaxis.

To provide additional safety to users, Valeo and Didi Autonomous Driving will complement the main system of L4 standard technology with another set of hardware and software that will enable robotaxi to navigate autonomously and safely, according to their press releases.

This Automated Safety Pilot will provide redundancy for the primary system in the event of a sudden failure, as well as customized safety features designed for specific operating scenarios.

The customized intelligent safety solution will be able to take over and control the robotaxi to perform actions that ensure the safety of passengers and other road users.

This intelligent safety solution will initially be deployed on Didi Autonomous Driving's L4 robotaxis, according to their press releases.

Didi's autonomous driving team was founded in 2016, and the ride-hailing giant opened its first overseas AI lab in California in March 2017.

In 2019, Didi began ramping up its bet on autonomous driving, upgrading its autonomous driving division to a standalone company on August 5, 2019.

On April 13, Didi unveiled its driverless concept vehicle Didi Neuron at its autonomous driving open day event, eliminating the driver's seat and expanding the passenger space compared to Didi's first custom car, the D1, which was released in 2020.

Didi's autonomous driving team reached nearly 1,000 people, which is a threefold increase from 2020, Didi Autonomous Driving COO Meng Xing said at the time.

French auto parts maker Valeo to invest in Didi's autonomous driving unit-CnEVPost

The post French auto parts maker Valeo to invest in Didi's autonomous driving unit appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Neta opens global headquarters in Shanghai

delivered 11,080 vehicles in April and is targeting sales of 300,000 units in 2023.

(Image credit: Neta)

Neta Auto, Hozon Auto's electric vehicle (EV) brand, has opened its global headquarters in Shanghai as it attempts to create a more premium brand image.

Neta's global headquarters in Shanghai's Putuo district has officially opened with functions including strategy planning, resourcing, decision-making, and coordination of the company's global operations, according to a press release today.

The facility is also Neta's flagship experience center, research and development center, data center, and service center, it said.

Models including the Neta S, Neta GT, Neta U-II, and Neta V are being showcased at the facility.

Neta was founded in 2014 and previously had a Shanghai headquarters in the city's Minhang district, but no global headquarters, according to its website. The company has a design center in Beijing and a factory in Tongxiang, Zhejiang province.

Neta has been seen as 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 100,000 yuan ($14,130).

Neta's flagship sedan, the Neta S, is its first effort at the premium end of the market, with the model primarily targeting the RMB 200,000 to 300,000 price range.

The Neta GT sports car was launched on April 18 with a starting price of RMB 178,800 to RMB 227,800.

Neta delivered 11,080 vehicles in April, which was up 25.72 percent from 8,813 units in the same month last year and up 9.84 percent from 10,087 units in March, according to data released by the company on May 1.

Neta S delivered 2,237 units in April, up 1.41 percent from 2,206 units in March, according to the company.

Neta has a sales target of 300,000 units in 2023, local media China Securities Journal reported on February 7.

The EV maker has sales of 152,073 units in 2022, up 118 percent year-on-year, including 3,456 units delivered overseas, according to data it previously announced.

($1 = RMB 7.0768)

Neta GT sports car officially launched, priced from $26,000

The post Neta opens global headquarters in Shanghai appeared first on CnEVPost.

For more articles, please visit CnEVPost.

driive.com
All about Smart and Sustainable Mobility

Archives

November 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930