Author: Lei Kang/CnEVPost

Neta sending 3,600 EVs to Thailand

This is the largest single export to date for the new Chinese carmaker. The V has already accumulated over 2,000 deliveries in Thailand.

(Image credit: Neta)

Chinese electric vehicle (EV) maker Neta Automobile is sending thousands of EVs to Thailand as it ramps up its efforts in Southeast Asia.

On March 21, 3,600 Neta V EVs began shipping at Guangzhou's Nansha port, the largest single export to date by a new Chinese carmaker, Neta said in a press release today.

The vehicles will be shipped to Thailand, where Neta V has already accumulated more than 2,000 deliveries and ranked second on the list of pure electric model license plate registrations for 2 consecutive months, Neta said.

Neta announced the launch of the right-hand-drive version of the Neta V at a launch event in Thailand on August 24, 2022, as its first model offered there.

Neta said at the time that it had 25 authorized dealers in Thailand and that number would reach 30 by the end of 2022. Its press release today did not mention the company's latest number of dealers in Thailand.

To date, Neta has established a European division, a Thai subsidiary, launched three overseas products including Neta U global version, Neta V global version and Neta V right-hand drive version, and has a presence overseas across ASEAN, South Asia and Middle East markets, it said.

Neta currently sells the Neta V, Neta U-II and Neta S in China, which start at RMB 83,900 ($12,190), 135,800 and 242,800 respectively.

The company delivered 7,117 vehicles in February, up 255 percent from a year earlier, but down 35 percent from 11,009 units in January, data released by the company earlier in the month showed.

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

The plant is Neta's first overseas factory and the first in Thailand for a new Chinese carmaker.

When completed, the plant will have a capacity of 20,000 units per year and is expected to be operational by the end of January 2024, Neta said earlier this month.

Neta plans to expand its overseas operations to more regions including the Middle East and the European Union, making it a brand that consumers around the world recognize and trust, company co-founder and CEO Zhang Yong said at the groundbreaking ceremony for the Thai plant.

As competition in China's EV market grows fiercer, many local car companies have stepped up efforts to expand into overseas markets.

Neta's latest export is the ninth batch of NEVs to be exported from Guangzhou's Nansha Free Trade Pilot Zone this year, according to a report by state-owned CCTV today.

So far this year, the Nansha pilot zone has exported 7,251 NEVs, up more than 33 times year-on-year, according to the report.

($1 = RMB 6.8847)

Neta starts construction of its first overseas plant in Thailand, with planned annual capacity of 20,000 units

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BYD to use Nvidia Orin chips in its next-gen EV models

and are already using Nvidia DRIVE Orin chips in their smart driving systems, with NIO even having its third-generation battery swap stations equipped with two of the chips.  |  BYDDY.US | HK

(Image credit: Nvidia)

BYD (OTCMKTS: BYDDY) will use Nvidia's DRIVE Orin chips in its next-generation models, making it the latest Chinese new energy vehicle (NEV) maker to use the US chip giant's smart-driving chips.

Nvidia is enhancing its partnership with BYD, which will use the DRIVE Orin system-on-chip (SoC) across the multiple models of its next-generation Dynasty and Ocean series vehicles, according to a press release from the US chip giant yesterday.

Nvidia and BYD share the belief that future cars will be programmable, evolving from being based on many embedded controllers to high-performance centralized computers -- with functionalities delivered and enhanced through software updates over the life of the car, the release said.

Nvidia's press release provided no further details on BYD's plans to use the DRIVE Orin chips. BYD's product matrix includes the Dynasty and Ocean series, with dozens of models.

Several Chinese electric vehicle (EV) makers are already using Nvidia's DRIVE Orin chips to power the vehicles' assisted driving systems.

All of NIO's (NYSE: NIO) models based on the latest NT 2.0 platform come standard with the NIO Adam supercomputer, which is built on four DRIVE Orin chips and has more than 1,000 TOPS of computing power.

Orin is the world's highest-performance, most advanced processor for vehicles and robots, offering up to 254 TOPS to handle a large number of applications and deep neural networks running simultaneously in autonomous vehicles and robots, Nvidia said following the launch of NIO ET5 in late 2021.

In addition to using the DRIVE Orin chip in vehicles, NIO is equipping the third-generation battery swap station with 2 Nvidia Orin chips for a total computing power of 508 TOPS.

Li Auto (NASDAQ: LI) also uses two Nvidia Orin X chips in its AD Max smart driving system, and its AD Pro system uses the Journey 5 chips from local Chinese supplier Horizon Robotics.

Back to BYD, the NEV maker announced on March 23 last year that it had entered into a partnership with Nvidia on smart driving technology to equip some of its NEVs with the Nvidia DRIVE Hyperion platform for smart driving and smart parking of vehicles starting in the first half of 2023.

BYD's NEVs will use the Nvidia DRIVE Orin chip as a centralized computing and AI engine for autonomous driving and smart cockpit features, according to the company's press release at the time.

On January 4 of this year, BYD announced that it was working with Nvidia to bring Nvidia GeForce NOW cloud gaming streaming to its vehicles.

BYD is the largest NEV maker in China, selling 1,863,494 NEVs in 2022, up 208.64 percent year-on-year.

The company sold 193,655 NEVs in February, up 27.96 percent from 151,341 units in January and 119.36 percent from 88,283 units a year earlier, data it released earlier in the month showed.

BYD working with Nvidia to bring GeForce NOW cloud gaming to its vehicles

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BYD to use Nvidia Orin chips in its next-gen EV models

and are already using Nvidia DRIVE Orin chips in their smart driving systems, with NIO even having its third-generation battery swap stations equipped with two of the chips.  |  BYDDY.US | HK

(Image credit: Nvidia)

BYD (OTCMKTS: BYDDY) will use Nvidia's DRIVE Orin chips in its next-generation models, making it the latest Chinese new energy vehicle (NEV) maker to use the US chip giant's smart-driving chips.

Nvidia is enhancing its partnership with BYD, which will use the DRIVE Orin system-on-chip (SoC) across the multiple models of its next-generation Dynasty and Ocean series vehicles, according to a press release from the US chip giant yesterday.

Nvidia and BYD share the belief that future cars will be programmable, evolving from being based on many embedded controllers to high-performance centralized computers -- with functionalities delivered and enhanced through software updates over the life of the car, the release said.

Nvidia's press release provided no further details on BYD's plans to use the DRIVE Orin chips. BYD's product matrix includes the Dynasty and Ocean series, with dozens of models.

Several Chinese electric vehicle (EV) makers are already using Nvidia's DRIVE Orin chips to power the vehicles' assisted driving systems.

All of NIO's (NYSE: NIO) models based on the latest NT 2.0 platform come standard with the NIO Adam supercomputer, which is built on four DRIVE Orin chips and has more than 1,000 TOPS of computing power.

Orin is the world's highest-performance, most advanced processor for vehicles and robots, offering up to 254 TOPS to handle a large number of applications and deep neural networks running simultaneously in autonomous vehicles and robots, Nvidia said following the launch of NIO ET5 in late 2021.

In addition to using the DRIVE Orin chip in vehicles, NIO is equipping the third-generation battery swap station with 2 Nvidia Orin chips for a total computing power of 508 TOPS.

Li Auto (NASDAQ: LI) also uses two Nvidia Orin X chips in its AD Max smart driving system, and its AD Pro system uses the Journey 5 chips from local Chinese supplier Horizon Robotics.

Back to BYD, the NEV maker announced on March 23 last year that it had entered into a partnership with Nvidia on smart driving technology to equip some of its NEVs with the Nvidia DRIVE Hyperion platform for smart driving and smart parking of vehicles starting in the first half of 2023.

BYD's NEVs will use the Nvidia DRIVE Orin chip as a centralized computing and AI engine for autonomous driving and smart cockpit features, according to the company's press release at the time.

On January 4 of this year, BYD announced that it was working with Nvidia to bring Nvidia GeForce NOW cloud gaming streaming to its vehicles.

BYD is the largest NEV maker in China, selling 1,863,494 NEVs in 2022, up 208.64 percent year-on-year.

The company sold 193,655 NEVs in February, up 27.96 percent from 151,341 units in January and 119.36 percent from 88,283 units a year earlier, data it released earlier in the month showed.

BYD working with Nvidia to bring GeForce NOW cloud gaming to its vehicles

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Panic selling of lithium carbonate just won’t stop

Lithium carbonate prices continue to decline, leading to a heavy wait-and-see mood among downstream customers, who are reluctant to place large orders.

 

The price of lithium carbonate has dropped by half from five months ago, with panic selling not stopping.

Battery-grade lithium carbonate prices in China fell RMB 12,500 per ton ($1,818 per ton) today, bringing the average price down to RMB 300,000 per ton, according to Mysteel.

Industrial-grade lithium carbonate also fell by RMB 12,500 per ton today, leaving the average price at RMB 260,000 per ton.

Compared to yesterday's average prices, battery grade lithium carbonate and industrial grade lithium carbonate fell by 4 percent and 4.59 percent respectively, the new biggest drop of the year.

The price of battery-grade lithium carbonate has fallen 49 percent compared to RMB 590,000 per ton on November 21 last year, and the drop this year is about 40 percent.

Lithium carbonate is still being sold off at an accelerated pace, a report in local media Yicai today quoted an unnamed industry source as saying.

The continued decline in lithium carbonate prices has led downstream customers to shy away from placing large orders, with a heavy wait-and-see mood, the source said.

On March 20, a company in northwest China's Qinghai province dropped its sell offer for battery-grade lithium carbonate to RMB 280,000 per ton, and some local battery-grade lithium carbonate ex-factory prices dropped to RMB 250,000 per ton, the report noted.

As lithium prices continue to fall in China, some analysts previously said the drop will not last long as imports become more attractive.

Overseas lithium products have seen a significant premium, which could support prices for lithium products in China, said CITIC Securities in a March 7 research note.

Notably, Yicai's report today said there have been withdrawals of lithium carbonate orders in overseas markets, which has further pushed down the price of lithium carbonate.

A month ago, it was reported that was pushing a lithium rebate program to car companies, with some cells to be settled at RMB 200,000 per ton of lithium carbonate.

CATL acknowledged the plan on March 9, but did not mention the base prices.

CATL's lithium sharing plan was not motivated by a price reduction, but rather that the company already owns some mineral resources and does not want to reap windfall profits, the company said.

CATL's proposed price benchmark of RMB 200,000 per ton for lithium carbonate has further lowered market expectations for the price, accelerating the panicked drop in lithium carbonate prices, Yicai's report today quoted several industry sources as saying.

($1= RMB 6.8742)

Lithium prices see biggest drop this year in China as decline accelerates

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Qiantu inks deal with Mullen to tap US market, K50 supercar to be rebranded as Mullen GT and GTRS

Mullen has acquired Qiantu's North and South American intellectual property and distribution rights, allowing the assembly and distribution of the Qiantu K50 in the Americas.  |  Mullen Automotive Inc

Qiantu inks deal with Mullen to tap US market, K50 supercar to be rebranded as Mullen GT and GTRS-CnEVPost

(Image credit: Qiantu)

Qiantu inks deal with Mullen to tap US market, K50 supercar to be rebranded as Mullen GT and GTRS

Mullen has been granted Qiantu's North and South American intellectual property and distribution rights, allowing the assembly and distribution of the Qiantu K50 in the Americas.

Qiantu Motors, which is almost forgotten in its home market of China, is partnering with an American electric vehicle (EV) maker to bring its electric supercar back to life.

Qiantu recently signed a strategic partnership agreement with Mullen Automotive to expand into the Americas, according to a press release from the Chinese startup today.

Qiantu will leverage its strengths in vehicle design, technology development, and process innovation, combined with Mullen's manufacturing and sales strengths in the Americas market, to bring new EV options to consumers in the Americas, the release said.

Qiantu's partnership with Mullen dates back to 2019, when the two partnered on the marketing of the Qiantu K50 in North America.

With the signing of the latest partnership agreement, the Qiantu K50 will transition from the marketing phase to a substantial production and sales phase, the release said.

The partnership area will also be expanded from the North American market to include the entire Americas, according to the release.

Separately, Mullen said in its March 20 press release that it has been granted the North and South American intellectual property and distribution rights for Qiantu and its affiliates, allowing assembly and distribution of the Qiantu K50 in the Americas.

Mullen will begin its program to re-engineer and re-design the product to meet requirements for US certification and customer expectations for today's supercars, with final assembly in Mishawka, Indiana, the US EV maker said.

These modifications will be consistent with Mullen's current vehicle design language in the Mullen FIVE and Mullen FIVE RS.

To ensure supercar 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-CnEVPost

(Image credit: Mullen)

Qiantu, a wholly owned subsidiary of CH-Auto Technology Co Ltd, was founded in 2015 and was one of the first EV startups in China.

Qiantu's first model, the Qiantu K50, was launched in 2018 at a then subsidized price of RMB 686,800 ($99,860), but the model did not earn recognition for the company and was discontinued in November 2020.

On December 18, 2021, Qiantu held a strategy sharing session at its plant in Suzhou, marking its return after a two-year hiatus.

On June 6, 2022, Qiantu announced the start of pre-sales in China for its second model, the Qiantu K20, a two-door, two-seat hatchback with a pre-sale price range of RMB 86,800 to 149,800.

On October 24, 2022, Qiantu and Appollen EV held a launch event in Malaysia to showcase and start pre-sales of the Qiantu K50, Qiantu K25, and Qiantu K20.

They were renamed S1, A1 and A2 respectively in Malaysia, with the Qiantu K25 making its global debut and not previously launched in China, the company said at the time.

($1 = RMB 6.8772)

Qiantu Motor taps Malaysian market with 3 models

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Kia enters China’s crowded EV market, 1st model expected to launch in Aug

The Kia EV6 will be brought to China as an import and is expected to go on sale in August this year. It will also launch the EV5 in November, its first model to be produced in China.

Kia Motors, an affiliate of Hyundai Motor Co, is entering China's increasingly crowded electric vehicle (EV) market.

The South Korean automaker announced its official entry into the Chinese EV market at a launch event today, unveiling the EV5 Concept, EV9 Concept and EV6 GT.

Its first all-electric model offered in China, the EV6, will be introduced as an import and is expected to be launched in August of this year.

The EV6 is Kia's first all-electric vehicle, based on the dedicated EV platform E-GMP, and claims to be able to accelerate from 0 to 100 km/h in as fast as 3.5 seconds.

The model is equipped with 800V fast charging capability, charging from 10 percent to 80 percent in just 18 minutes.

Kia will also launch the EV5, its first global model to be built in China and debuting here, in November.

(Kia EV5 concept car)

Kia also plans to launch its flagship electric SUV EV9 in 2024, an entry-level all-electric SUV in 2025, a premium electric sedan based on a next-generation EV-specific platform in 2026, and a mid-size all-electric SUV in 2027.

The EV9 concept has a length of more than 5,000 mm and a wheelbase of 3,100 mm, with a 3-row, 6-seat interior layout.

The concept car will have an 800 V high-voltage fast charging system and can be charged up to 350 kW.

The EV9 will be Kia's first vehicle in China to be equipped with the highway system, and the production version is expected to be equipped with L3 assisted driving system.

(Kia EV9 concept car)

In China, Kia has a sales target of 450,000 units by 2030, of which 40 percent will be new energy vehicle (NEV) models.

Kia plans to launch the Kia brand app in China later this year, which will offer features including car shopping, car use, services, and infotainment.

The automaker will create sales channels in China including dealership stores as well as City Stores, and will set up special sections for NEV models in showrooms.

Kia will establish City Store city showrooms in the core business districts of China's first and second-tier key cities, including Beijing, Shanghai, Guangzhou and Shenzhen.

Notably, on November 20 last year, Kia announced the opening of its first City Store in China in Xi'an, Shaanxi province, where its EV6, an all-electric vehicle, will be one of the first models to be showcased in the store.

The City Store is a new channel for Kia's electrification transformation and a new platform to revolutionize the user experience, the company said at the time.

Kia launches EV offensive with opening of its 1st City Store in China

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Gotion reaches deal with Edison Power to tap Japan’s energy storage market

Gotion and Edison Power have a planned sales target of 1 GWh in the first year of the partnership, rising to 2 GWh per year from the second year onwards.

(Image credit: Gotion High-tech)

Chinese battery giant Gotion High-tech and Japan's Edison Power Co Ltd have reached a strategic cooperation agreement to jointly tap the energy storage market in Japan.

The two signed the agreement on March 15 to jointly develop the Japanese energy storage and battery recycling market and promote Gotion's products in the Japanese market, according to a press release from the Chinese battery maker today.

Gotion and Edison Power have a planned sales target of 1 GWh in the first year of the partnership, rising to 2 GWh per year from the second year onward.

Gotion will provide battery cells, modules and BMS, while Edison Power will be responsible for Japanese energy storage customer management, EPC services, and energy storage system operation and maintenance.

In addition, Gotion will also work with Edison Power to establish a recycling system for recycled energy storage batteries in Japan, according to the release.

With the development of global renewable energy and the revision of Japan's Electricity Business Act in May 2022, new opportunities will arise for the development of Japan's large-scale energy storage battery industry, according to the release.

Edison Power, which began developing and manufacturing energy storage battery systems in 1991, is also developing a solar power business and a biomass power business.

Gotion, one of China's power battery giants, ranked eighth in the world with a 2.1 percent share in January, according to a report released earlier this month by South Korean market research firm SNE Research.

In China, Gotion installed 0.78 GWh of power batteries in February, ranking fourth with a 3.58 percent share, according to data previously released by the China Automotive Battery Innovation Alliance (CABIA).

The energy storage battery business is Gotion's second-largest business after power batteries.

In the first half of 2022, Gotion's revenue was RMB 8.6 billion, of which the power battery business contributed RMB 6.6 billion, or 76.51 percent, according to the company's semi-annual report.

Gotion's energy storage battery business generated RMB 1.28 billion in revenue in the first half of last year, contributing 14.8 percent.

Gotion to build $2.36 billion battery materials plant in Michigan

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Baidu’s robotaxi platform Apollo Go gets permit to offer fully driverless rides in Beijing

To date, Baidu's Apollo Go has been offering fully driverless ride-hailing services in Beijing, Wuhan and Chongqing.  | Baidu.US | Baidu.HK

(Image credit: Baidu)

Baidu's ride-hailing service platform Apollo Go has won a permit to offer fully driverless rides in Beijing, allowing it to expand the service to three Chinese megacities.

The search engine giant announced the development today, saying it is the first provider of fully driverless robotaxi services in the capital city of any country worldwide. Apollo Go has previously been approved to offer the service in Wuhan and Chongqing.

Baidu Apollo will deploy a total of 10 fully driverless vehicles in Beijing's Yizhuang Economic Development Zone, according to a press release from the company.

Apollo Go is currently providing an average of more than 20 rides per vehicle per day within the area, exceeding the average number of rides taken by traditional online ride-hailing services, Baidu said.

Yizhuang is one of the active hubs for autonomous driving in China. Beijing plans to expand its high-level automated demonstration area in the Yizhuang Economic Development Zone from the existing 60 square kilometers to an eventual 500 square kilometers.

Baidu has been developing autonomous driving technology since 2013 and has accumulated more than 50 million kilometers of testing in Level 4 autonomous driving.

As of the end of January, Apollo Go offered more than 2 million cumulative rides to the public, Baidu said.

In the fourth quarter of 2022, Apollo Go provided 561,000 rides to the public, up 162 percent year-on-year, according to Baidu's fourth-quarter earnings report.

On November 29 last year, Baidu announced that it plans to scale up Apollo's operations in 2023 with fully unmanned self-driving operations in more regions.

Baidu will build the world's largest fully driverless taxi service area in 2023, maintaining its growth momentum as the world's largest robot cab provider, the company said at the time.

Baidu previously announced plans to expand its self-driving mobility service to 65 cities by 2025 and 100 cities by 2030.

Baidu plans to put 200 additional driverless vehicles into operation in 2023

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BYD delivers 22 electric buses in Indonesia

This is the second batch of electric buses delivered by in Indonesia after it delivered 30 in the country a year ago.  | BYDDY.US | BYD HK

(Image credit: BYD)

BYD has delivered a new batch of electric buses in Indonesia, the second batch delivered there by the Chinese new energy vehicle (NEV) maker.

VKTR Group, a BYD electric bus distributor in Indonesia, recently delivered 22 electric buses, the K9, to local bus company Mayasari, according to a press release from the NEV maker today.

The electric buses will be put into operation on the Transjakarta bus rapid transit system, helping Indonesia achieve its goal of electrifying public transportation nationwide by 2030, BYD said.

This is the second order BYD has delivered in Indonesia, representing the NEV maker's continued effort in the Indonesian market, said Tian Chunlong, general manager of BYD's commercial vehicle operations division, at the delivery ceremony.

In 2022, BYD and its Indonesian partner VKTR Group announced a partnership with Tri Sakti, a local bus assembly plant.

On March 8, 2022, the first 30 BYD buses were delivered to Transjakarta, a bus operator in Jakarta, which were the first all-electric buses to be put into operation in Indonesia.

Up to now, BYD has promoted electric public transportation systems in more than 70 countries and regions and 400 cities around the world, according to the press release.

BYD sold 1,863,494 NEVs in 2022, making it the world's largest player in the segment. Those NEVs include 1,857,379 passenger cars and 6,115 commercial vehicles, according to data monitored by CnEVPost.

The company sold 1,177 and 1,991 new energy commercial vehicles in January and February, respectively, up 386.36 percent and 145.8 percent year-on-year, respectively.

BYD plans to launch new commercial vehicle models in markets such as China, Europe and Japan over the next three years, the Wall Street Journal said on March 8, citing people familiar with the company's plans.

The company has set a budget of more than $20 billion for its commercial vehicle division through 2025, with major spending planned for research, product development and capacity expansion, the people said.

BYD reportedly planning big push for battery electric commercial vehicles

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BYD launches new Han sedan and Tang SUV with lower prices

announced today that the two models received 8,196 orders on the day they were launched on March 16. BYDDY.US | BYD HK

(Image credit: BYD)

As the price war in China's auto industry continues, BYD (OTCMKTS: BYDDY) has launched revamped versions of its flagship sedan and flagship SUV at lower prices than previously available models.

BYD launched the 2023 Han EV and 2023 Tang DM-i at its March 16 online event, both starting at RMB 209,800 ($30,440).

Both models appear to have received good initial acceptance, with BYD announcing today that the two models received a total of 8,196 orders on March 16.

The dimensions of the 2023 Han EV remain unchanged from the previously available model, measuring 4,975 mm in length, 1,910 mm in width and 1,495 mm in height, with a wheelbase of 2,920 mm.

The2023 Han EV is currently available in five versions with starting prices of RMB 209,800, 229,800, 259,800, 279,800 and 299,800 respectively, with the most expensive being the four-wheel drive version and the rest being front-wheel drive models.

As a comparison, the previous BYD Han had a starting price range of RMB 219,800-298,800.

The new Han has four range options, with CLTC ranges of 506 km, 605 km, 715 km and 610 km, of which the 715 km version is available in two models.

The least expensive version is equipped with a motor with a maximum power of 150 kW and a CLTC range of 506 km. The model, like all other single-motor Han models, can accelerate from 0 to 100 km/h in 7.9 seconds.

The highest-priced version has a front motor with 180 kW and 350 Nm of peak torque and a rear motor with 200 kW and 350 Nm of peak torque, which accelerates from 0 to 100 km/h in 3.9 seconds.

The BYD Han 2023 all supports fast charging, taking less than 30 minutes to charge from 30 percent to 80 percent.

The length, width and height of the 2023 BYD Tang DM-i are 4,870 mm, 1,950 mm and 1,725 mm respectively, with a wheelbase of 2,820 mm, also unchanged.

The model is available in three versions, with starting prices of RMB 209,800, 219,800 and 233,800 respectively. For comparison, the previously available Tang DM-i starts at RMB 209,800, RMB 226,800 and RMB 281,800 for its three variants.

The model continues to be equipped with a plug-in hybrid system consisting of a 1.5T engine and electric motor, with the engine producing 102 kW of maximum power and 231 Nm of peak torque, and the motor producing 160 kW of maximum power and 325 Nm of maximum torque. The model can accelerate from 0 to 50 km/h in 4.3 seconds.

All three models of the BYD Tang DM-i are powered by a 21.5 kWh blade battery with a battery-powered CLTC range of 112 km.

The BYD Han family, including the Han EV and the hybrid Han DM series, sold 274,015 units in 2022, contributing 14.7 percent of the automaker's 1,863,494 full-year 2022 new energy vehicle (NEV) sales, according to data monitored by CnEVPost.

BYD Tang family models, including the Tang EV as well as the Tang DM series, sold 150,832 units in 2022, contributing 8 percent of BYD's NEV sales.

Supported by a downward shift in price range and configuration upgrades, the 2023 Han EV and Tang DM-i are expected to boost BYD's demand, thus driving sales to accelerate upward, Huaxi Securities analyst Cui Yan's team said in a research note today.

($1 = RMB 6.8925)

BYD Feb sales breakdown: Song 52,400 units, Yuan 33,612 units

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