Author: Lei Kang/CnEVPost

China NEV sales down 2.6% MoM to 636,000 in April, CAAM data show

Irrational promotions in China's auto market since March have led to consumer wait-and-see, so auto consumption is still in a slow recovery process, the CAAM said.

China NEV sales down 2.6% MoM to 636,000 in April, CAAM data show-CnEVPost

China's new energy vehicle (NEV) sales in April were 636,000 units, up 112.71 percent year-on-year, but down 2.6 percent from March, according to data released today by the China Association of Automobile Manufacturers (CAAM).

The CAAM's data are wholesale sales for automakers, where NEVs include battery electric vehicles (BEVs), plug-in hybrids (PHEVs) and fuel cell vehicles.

China sold 471,000 BEVs in April, up 103.7 percent year-on-year but down 3.9 percent from March.

China NEV sales down 2.6% MoM to 636,000 in April, CAAM data show-CnEVPost

PHEV sales were 165,000 units, up 144.5 percent year-on-year. Sales of fuel cell vehicles were 300 units, up 222.3 percent year-on-year.

All vehicle sales in China were 2.159 million units in April, up 82.7 percent year-on-year but down 11.9 percent from March.

China NEV sales down 2.6% MoM to 636,000 in April, CAAM data show-CnEVPost

This means that China's NEVs had a penetration rate of 29.5 percent in April, up from 26.6 percent in March.

China NEV sales down 2.6% MoM to 636,000 in April, CAAM data show-CnEVPost

Production of NEVs in China was 640,000 units in April, up 110 percent year-on-year, but down 5 percent from 674,000 units in March.

Production of all vehicles in China was 2.133 million units in April, up 76.8 percent year-on-year and 17.5 percent lower than in March.

China's auto production and sales saw a significant year-on-year increase in April, but this was mainly due to a low base in the same month last year, the CAAM noted.

Irrational promotions in the Chinese auto market since March have led to consumer wait-and-see, so auto consumption is still in a slow recovery process, the CAAM said.

In addition, production and sales in China's auto industry fell in April compared to March amid adverse factors including a slower-than-expected recovery in the commercial vehicle industry, according to the CAAM.

With the current downward pressure on China's economy increasing and aggregate demand still insufficient, the stable operation of the auto industry needs the support of effective policies, the CAAM said.

In April, exports of vehicles from China were 376,000 units, up 170 percent from a year earlier up and 3.3 percent from March.

Among them, the export volume of NEVs was 100,000 units, up 840 percent year-on-year, down 28.6 percent from March.

In January-April, China's auto sales were 8.235 million units, up 7.1 percent from a year earlier.

NEVs sold 2.222 million units in January-April, up 42.8 percent year-on-year, with a market share of 27 percent.

NEV demand in China expected to pick up in Q2, analysts say

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Gotion becomes VW’s designated battery supplier for markets outside of China

The purchase order involves LFP Unified Cell products with the same design style and specifications as those for the Chinese market for Volkswagen's full range of NEVs.

(Image credit: CnEVPost)

Gotion High-tech, a Chinese power battery manufacturer, has become a supplier to Volkswagen for the German automaker's overseas markets, furthering the partnership between the two.

Gotion's wholly-owned subsidiary Hefei Gotion High-tech Power Energy Co Ltd recently received a procurement letter from Volkswagen, making the company a designated supplier for the automaker's overseas markets, according to a stock exchange announcement on May 10.

This is the latest collaboration between Gotion and Volkswagen, which is its important backer, after becoming the designated production point for Volkswagen's NCM and LFP products in China in early 2022.

The purchase order relates to LFP Unified Cell products, which will be used in Volkswagen's models in markets outside of China.

These cells use the same design style and specifications as the Chinese market and are intended for use in Volkswagen's full range of NEVs, according to the announcement.

Volkswagen and Gotion have had a long-standing relationship, with a strategic cooperation framework agreement reached in July 2021 in which Gotion developed the first generation of Unified Cells for Volkswagen's regular production models in China.

In December 2021, Volkswagen China increased its stake in Gotion to 26.47 percent, making it the largest shareholder of the Chinese battery maker.

Unified Cells can significantly reduce costs by adopting a unified design standard and are expected to cover 80 percent of Volkswagen's models in the future, according to Gotion's press release.

In early 2022, Gotion was awarded the official production point for Volkswagen China's NCM and LFP Unified Cells. In February this year, the company won the Volkswagen Cell Test Lab qualification.

In addition, construction of a high-nickel NCM material project built by Volkswagen's private placement has begun in Lujiang, Hefei, and is expected to go into production this year, Gotion said in the press release.

The 20GWh Volkswagen Unified Cell project in Xinzhan, Hefei, has almost completed the main workshop and supporting buildings and is expected to start production in the second half of this year, Gotion said.

Gotion is one of the largest power battery makers, with 2.9 GWh installed in the first quarter, ranking 8th globally with a 2.2 percent share, according to data released earlier this month by South Korean market research firm SNE Research.

Global EV battery market share in Q1: CATL 35%, BYD 16.2%-CnEVPost

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BYD ramps up smart driving R&D efforts, forms chip design team, report says

The unification of the chip and algorithm businesses is a positive sign that BYD is accelerating the pace of its own smart driving research and development, local media said.  |  BYDDY.US | BYD HK

BYD ramps up smart driving R&D efforts, forms chip design team, report says-CnEVPost

(Image credit: CnEVPost)

BYD's (OTCMKTS: BYDDY) smart driving R&D system is rapidly adjusting, and the company is planning to do its own smart driving chip design, according to a new report.

Wang Huan, head of smart driving R&D at BYD's planning institute, has left, and the smart driving development division he oversaw was spun off, with most of its more than 500 employees being consolidated into the electronics integration department, according to a report today by 36kr.

This adjustment started at the end of last year, and BYD aims to sort out the smart driving R&D resources scattered in different systems, according to the report.

After this realignment is completed, Han Bing, director of the electronics integration department, has become the head of smart driving R&D at BYD's planning institute, where he is preparing a smart driving chip design team, the report said.

The electronics integration department is mainly responsible for developing operating systems, domain controllers, and middleware. The unification of the chip and algorithm businesses is a positive signal for BYD to accelerate the pace of smart driving in-house research, the report noted.

Together with the algorithm business and the smart driving chip business, Han's team of more than 1,000 people has become one of the three core segments of BYD's planning institute, the report said.

BYD chip packaging and integration may be given to BYD's sixth business unit instead of Han's chip design team, the report said, citing sources.

While BYD's existing models are currently largely dependent on solutions from external suppliers, including Baidu, Huawei and Momenta, the NEV maker is already accelerating its focus on smart driving.

At present, BYD's cooperation with some smart driving solution suppliers has stopped, and it may continue to use some suppliers' lower-level solutions, but will favor its own research and development in higher-level solutions, the report said, citing a BYD insider.

On March 17, 36kr reported that BYD's biggest organizational change so far this year has been to make its car brands operate independently.

The adjustment starts with BYD's core R&D department, and its engineering research institute is planning to set up several independent departments to cover its product lineup including Dynasty, Ocean and Denza, according to the report.

All of BYD's sub-brands will have a separate research institute, the report said, citing a source.

BYD aims to sell at least 3 million vehicles this year and strive to reach 3.6 million, the company's chairman and president Wang Chuanfu said at an investor conference in late March.

BYD aims to become China's No. 1 automaker by the end of this year, Wang said at the time.

BYD sold 210,295 NEVs in April, up 98.31 percent from 106,042 units a year earlier and up 1.55 percent from 207,080 units in March, according to data released May 2.

To achieve its full-year goal of selling 3 million NEVs, BYD will need to sell an average of about 280,000 vehicles per month for the next eight months.

BYD launches revamped Seal with lower prices

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NEV demand in China expected to pick up in Q2, analysts say

Demand for NEVs is expected to pick up in the second quarter as lithium carbonate prices stabilize, according to analysts at CITIC Securities.

NEV demand in China expected to pick up in Q2, analysts say-CnEVPost

Chinese consumers' wait-and-see sentiment when it comes to buying new energy vehicles (NEVs) is expected to ease significantly in the second quarter, which will facilitate a recovery in demand for the sector, local analysts said.

In the first quarter, China's overall NEV sales growth slowed as demand was overdrawn before subsidies for NEV purchases were withdrawn late last year, coupled with strong consumer wait-and-see sentiment, said CITIC Securities analyst Yuan Jiancong's team in a research note today.

For consumers, the sharp drop in lithium carbonate prices and price cuts by automakers have fueled their wait-and-see, according to the team.

In the second quarter, demand for NEVs is expected to pick up as lithium carbonate prices stabilize, the team said.

China's state subsidy for NEV purchases expired at the end of last year. To take advantage of the subsidy, some consumers who had planned to buy vehicles in 2023 may have advanced their purchase plans, leading to weak NEV sales in the first quarter.

Retail NEV sales in China were about 1.32 million units in the first quarter, up 23.72 percent year-on-year, but down 26.62 percent from the fourth quarter, according to the China Passenger Car Association (CPCA).

In addition to the withdrawal of subsidies, the price of lithium carbonate, a key raw material for batteries, has continued to fall since the end of last year, with some electric vehicle companies beginning to cut prices and subsequently seeing a price war across the auto industry.

As of April 21, the price of battery-grade lithium carbonate had not seen a single-day gain this year, falling 65 percent from the beginning of the year.

After that, the price of lithium carbonate has largely stabilized, and as of today, battery grade lithium carbonate has risen for the eighth day in a row.

($1 = RMB 6.9266)

Battery grade lithium carbonate up RMB 4,000 per ton

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Tesla Apr sales breakdown in China: Model 3 at 13,196 units, Model Y 26,760

From January to April, the Model Y sold 121,407 units, making it the second-best-selling new energy SUV in China during this period.  |  TSLA.US

Tesla Apr sales breakdown in China: Model 3 at 13,196 units, Model Y 26,760-CnEVPost

Tesla's retail sales in China in April included 13,196 Model 3 electric sedans and 26,760 Model Y electric crossovers, according to data released today by the China Passenger Car Association (CPCA).

Tesla Apr sales breakdown in China: Model 3 at 13,196 units, Model Y 26,760-CnEVPost

Tesla Apr sales breakdown in China: Model 3 at 13,196 units, Model Y 26,760-CnEVPost

Figures released earlier this month by the CPCA show that Tesla sold 75,842 China-made vehicles in April, including 35,886 units exported.

That means Tesla delivered 39,956 vehicles in China in April, with 47.32 percent of the vehicles produced at the Shanghai plant being exported.

The US electric vehicle maker's plant in Shanghai currently only produces the Model 3 as well as the Model Y. Including exports, the two models sold 26,783 and 49,059 units in April, respectively, according to the CPCA.

Today's figures mean that Tesla's Shanghai plant exported 13,587 China-made Model 3s and 22,299 China-made Model Ys in April.

In China, Model Y sales in April were up 2,687.50 percent from 960 units in the same month last year, but down 51.29 percent from 54,937 units in March.

Model 3 sales in China in April were up 2,290.58 percent from 552 units a year ago, but down 39.26 percent from 21,726 units in March.

These changes are due to the fact that Tesla's sales in China fell sharply last April due to the Covid lockdown in Shanghai, and its pattern of producing vehicles primarily for export in the first half of each quarter.

In the rankings released today by the CPCA, the Model Y was the third best-selling new energy SUV in April.

Tesla Apr sales breakdown in China: Model 3 at 13,196 units, Model Y 26,760-CnEVPost

BYD Song and BYD Yuan Plus were the top 2 best-selling new energy SUVs in April with 33,007 and 28,931 retail sales, respectively.

From January to April, the Model Y sold 121,407 units, up 60.5 percent year-on-year, and was the second best-selling new energy SUV during this period, according to the CPCA's rankings.

The BYD Song was the top-selling new energy SUV from January to April, with 174,422 units, up 83.0 percent year-on-year.

Among the top 10 new energy sedans in April, the Tesla Model 3 came in at No. 7, while NIO's (NYSE: NIO) ET5 sedan failed to make the list.

Tesla Apr sales breakdown in China: Model 3 at 13,196 units, Model Y 26,760-CnEVPost

Among the top retail sales of new energy sedans from January to April, the Tesla Model 3 ranked No. 5, while the BYD Qin ranked No. 1 with 130,602 units.

Tesla Apr sales breakdown in China: Model 3 at 13,196 units, Model Y 26,760-CnEVPost

Tesla hikes Model 3, Model Y prices slightly in China

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Chinese battery maker Eve Energy to build plant in Hungary

Eve Energy sealed a battery cell supply relationship with BMW last September to supply large cylindrical lithium-ion cells for the latter's Neue Klasse line of vehicle models.

(Image credit: Eve Energy)

Chinese lithium battery maker Eve Energy will build a power battery factory in Hungary, possibly in preparation for its supply to BMW.

Eve Energy subsidiary EVE Power Hungary signed an agreement on May 9 with Debreceni, a subsidiary of Hungary's Debrecen government, to buy land owned by the latter in the city's northwest industrial zone for the production of cylindrical power cells, according to a Shenzhen stock exchange announcement yesterday.

The land covers 45 hectares and the purchase price is 22.5 euros per square meter plus VAT, for a total price of about 12.86 million euros ($14.1 million), according to the announcement.

The deal will meet the company's need for production land for future growth and further scale up production capacity for power and energy storage batteries, Eve Energy said.

Eve Energy's announcement provided no further information, though the move appears to be in preparation for supplying BMW.

On September 9, 2022, Eve Energy announced that it had finalized a cell supply relationship with BMW Group to supply large cylindrical lithium-ion cells for the latter's Neue Klasse line of models.

BMW also said at the time in a post on its official WeChat account that it had awarded contracts worth more than 10 billion euros to and Eve Energy to meet the demand for battery cells for the new generation of models.

The two partners will each build two battery cell plants in China and Europe, each with an annual capacity of 20 GWh, BMW said at the time, adding that it will also look for partners to build two more core plants in the North American Free Trade Area.

BMW will first use cylindrical cells in new-generation models starting in 2025, and that sixth-generation lithium-ion cell will bring a major technological leap forward, allowing more than 20 percent higher energy density, up to 30 percent higher range and up to 30 percent faster charging, it said at the time.

Eve Energy, one of the world's largest manufacturers of power batteries, installed 2.4 GWh of batteries in the first quarter, up 75.5 percent year-on-year, according to data released by South Korean market research firm SNE Research on May 3.

This puts Eve Energy in 9th place globally with a 1.8 percent share, while CATL and BYD are in the top two with 35.0 percent and 16.2 percent shares respectively.

($1 = 0.9119 Euro)

NIO sees first swap station roll off line in Europe as Hungarian plant goes into operation

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Regulatory filing: Here comes BYD Chaser 07

The Chaser 07 is about the same size as the BYD Han PHEV and will target the RMB 200,000 to 250,000 hybrid market.

Regulatory filing: Here comes BYD Chaser 07-CnEVPost

BYD (OTCMKTS: BYDDY) unveiled the Chaser 07 hybrid sedan at the Shanghai auto show, and now a regulatory filing reveals more information about the model.

China's Ministry of Industry and Information Technology released the latest batch of models that will be allowed to be sold in a catalog for public comment on May 9, and the BYD Chaser 07 was included.

The public can submit feedback between May 10 and May 16. Entry into the catalog is the last major regulatory process for a model to be allowed to be sold in China.

There are four versions of the Chaser 07 in the catalog, all of which are plug-in hybrid electric vehicles (PHEVs).

Regulatory filing: Here comes BYD Chaser 07-CnEVPost

Two of them have a 1498 ml displacement engine with a peak power of 81 kW, and they are equipped with an electric motor with a peak power of 145 kW.

The other two versions have a 1497 ml displacement engine with a peak power of 102 kW. They both have an electric motor with a peak power of 160 kW.

The length, width and height of the BYD Chaser 07 are 4,980 mm, 1,890 mm and 1,495 mm, respectively, with a wheelbase of 2,900 mm, according to the filing.

For comparison, the hybrid version of BYD Han has a length, width and height of 4,975 mm, 1,910 mm and 1,495 mm, respectively, and a wheelbase of 2,920 mm.

On the first day of the Shanghai auto show on April 18, BYD officially unveiled the Chaser 07, a new model of its Ocean series, with a starting price of RMB 200,000 ($29,090) to RMB 250,000.

The Chaser 07's NEDC pure electric range will have two options of 121 km and 200 km, according to the information BYD announced at the time.

The model will be officially launched in the third quarter.

($1 = RMB 6.9244)

BYD unveils Song L concept SUV, Chaser 07 hybrid sedan at Shanghai auto show

Regulatory filing: Here comes BYD Chaser 07-CnEVPost

Regulatory filing: Here comes BYD Chaser 07-CnEVPost

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Regulatory filing: Key specs of BYD Yangwang U8 off-road SUV revealed

The Yangwang U8 has a total weight of 3,985 kg and is equipped with four electric motors, each having a maximum power of 220 kW.

Regulatory filing: Key specs of BYD Yangwang U8 off-road SUV revealed-CnEVPost

Yangwang, the premium brand of BYD (OTCMKTS: BYDDY), started pre-sales of its first model, the U8, at the Shanghai auto show last month, but did not reveal much about the off-road SUV's specifications. Now, a regulatory filing has revealed more information.

China's Ministry of Industry and Information Technology released the latest batch of models that will soon be allowed to be sold in a catalog for public comment on May 9, and the Yangwang U8 was included.

The public can submit feedback between May 10 and May 16. Entry into the catalog is the last major regulatory process for a model to be allowed to be sold in China.

The Yangwang U8 has only one model, the "QCJ2040ST6HEV", in the catalog, which includes information on its exterior, dimensions and powertrain.

The model has a length, width and height of 5,319 mm, 2,050 mm and 1,930 mm, respectively, and a wheelbase of 3,050 mm, according to its filing page.

It has a total weight of 3,985 kg and a top speed of 200 km/h.

Regulatory filing: Key specs of BYD Yangwang U8 off-road SUV revealed-CnEVPost

The Yangwang U8 uses a plug-in hybrid system with a 2.0 T displacement engine and a maximum power of 200 kW.

It is powered by four electric motors, each with a peak power of 220 kW.

The model has 5-seat and 7-seat versions and supports the option of tow hook, according to the filing.

Yangwang U8 will be equipped with lithium iron phosphate batteries provided by BYD's power battery division FinDreams, although the capacity information is currently unknown.

BYD officially launched the Yangwang brand on January 5 and unveiled the first two models -- Yangwang U8 and Yangwang U9 supercar.

The U8, the first production model of the Yangwang brand, was available for pre-sale on April 18, the day of the Shanghai auto show, with a pre-sale price of RMB 1,098,000 ($158,700).

The model takes 3.6 seconds to accelerate from 0 to 100 km/h and has a CLTC pure electric range of 180 km, according to information previously announced by Yangwang.

The Yangwang U8 is available in two versions for pre-order -- the Premium Edition, which will begin deliveries in September, and the Off-road Master Edition, which will start deliveries later.

($1 = RMB 6.9204)

BYD Yangwang begins pre-sale of U8 off-road SUV at $160,000

Regulatory filing: Key specs of BYD Yangwang U8 off-road SUV revealed-CnEVPost

Regulatory filing: Key specs of BYD Yangwang U8 off-road SUV revealed-CnEVPost

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China passenger NEV retail drops 3.6% MoM to 527,000 in Apr, CPCA data show

China's NEV penetration at retail was 32.3 percent in April, up 6.6 percentage points from 25.7 percent in April 2022 but lower than 34.2 percent in March.

Retail sales of new energy passenger vehicles (passenger NEVs) in China were 527,000 units in April, up 85.6 percent year-on-year but down 3.6 percent from March, according to data released today by the China Passenger Car Association (CPCA).

This was lower than the CPCA's preliminary figure of 529,000 units released on May 6 and higher than its estimate of 500,000 units released on April 25.

Battery electric vehicle (BEV) retail sales in April were 370,000 units, accounting for 70.2 percent of all NEV retail sales. This represents a 73.5 percent year-on-year increase and a 4.3 percent decrease from March.

Plug-in hybrid (PHEV) retail sales in April were 157,000 units, contributing 29.8 percent of NEV retail sales, up 122.0 percent year-on-year and down 1.8 percent from March.

Retail sales of all passenger vehicles in China were 1.63 million units in April, up 55.5 percent year-on-year and up 2.5 percent from March.

Notably, this is the second time since 2010 that China's retail vehicle sales were higher in April than in March, the CPCA said.

The penetration of NEVs at retail in China was 32.3 percent in April, up 6.6 percentage points from 25.7 percent in April 2022 but down from 34.2 percent in March.

The penetration rate of NEVs was 56.5 percent for local brands, 23.8 percent for luxury brands and 4.4 percent for mainstream joint venture brands.

Wholesale sales of passenger NEVs in China were 607,000 units in April, up 115.6 percent year-on-year but down 1.7 percent from March.

This means that the penetration of NEVs at wholesale was 33.9 percent in April, up 5.9 percentage points from 28 percent penetration in April 2022 and up from 31 percent in March.

China's local brands had 49.5 percent penetration of NEVs at wholesale in April, compared to 35.5 percent for luxury brands and 4.1 percent for mainstream joint venture brands.

China exported 91,000 passenger NEVs in April, with BEVs accounting for 92.8 percent of the total. This represents a year-on-year increase of 1028.5 percent, up 29.4 percent from March, and contributes 31 percent of all passenger car exports.

China exported 35,886 units in April, SAIC passenger cars 21,450 units and BYD 14,827 units, the CPCA said.

Tesla delivers 39,956 vehicles in China in Apr, exports 35,886 units from Shanghai plant

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SAIC-GM-Wuling to launch new mini EV Baojun Yep on May 25

SAIC-GM-Wuling's Baojun brand has released several images of the Yep, showing the model somewhat similar to the Suzuki Jimny.

SAIC-GM-Wuling to launch new mini EV Baojun Yep on May 25-CnEVPost

(Image credit: Baojun)

SAIC-GM-Wuling will soon release a new model, as the mini electric vehicle (EV) specialist continues to deepen its expertise in the field.

The automaker's Baojun brand announced on Weibo today that it will launch a new mini EV model, the Baojun Yep, on May 25.

Baojun unveiled its new logo earlier today, saying that the Yep will be the first model to use the new logo.

SAIC-GM-Wuling to launch new mini EV Baojun Yep on May 25-CnEVPost

The brand began previewing the Baojun Yep last week, releasing several images of the car's exterior that show the model somewhat resembling the Suzuki Jimny.

The Baojun Yep has a length, width and height of 3,381 mm, 1,685 mm and 1,721 mm, respectively, and a wheelbase of 2,110 mm, previous regulatory filings showed.

SAIC-GM-Wuling to launch new mini EV Baojun Yep on May 25-CnEVPost

For comparison, SAIC-GM-Wuling's other model, the Hongguang Mini EV, has a length, width and height of 3,059 mm, 1,521 mm and 1,614 mm, respectively, and a wheelbase of 2,010 mm.

The Baojun Yep will be powered by a permanent magnet synchronous motor with a peak power of 50 kW and a peak torque of 140 Nm.

The model has a battery pack capacity of 28.1 kWh and a CLTC range of 303 km.

SAIC-GM-Wuling to launch new mini EV Baojun Yep on May 25-CnEVPost

In addition to the regular version, Baojun shared images of a two-door pickup version of the Yep on Weibo yesterday, a move similar to SAIC-GM-Wuling's launch of a convertible version of the Mini EV in September 2022.

SAIC-GM-Wuling to launch new mini EV Baojun Yep on May 25-CnEVPost

SAIC-GM-Wuling to launch new mini EV Baojun Yep on May 25-CnEVPost

SAIC-GM-Wuling is a joint venture between SAIC, General Motors and Liuzhou Wuling Automobile, headquartered in Liuzhou in southwestern China's Guangxi Zhuang Autonomous Region.

It sells vehicles based on the GSEV (Global Small Electric Vehicle) architecture in China, including the Mini EV, KiWi EV, Nano EV and Air EV. In addition to these pure electric models, SAIC-GM-Wuling also sells fuel-powered SUVs, MPVs and vans.

In the small EV segment, in addition to the hot-selling Mini EV, SAIC-GM-Wuling launched the Air EV in China in December last year and the Binguo EV at the end of March this year.

SAIC-GM-Wuling sold 77,701 new energy vehicles (NEVs) in the first quarter, 69,842 of which were Mini EVs, according to the China Passenger Car Association (CPCA).

SAIC-GM-Wuling launches new EV model, price from $8,680

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