At present, this EV can sell more than 10,000 units in China every month on average.
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Category: Changan
China EV Daily (Aug 16): Leopard 5 launched by BYD’s Fang Cheng Bao, CATL’s new battery, Tesla starts Model 3 Highland orders in China
Fang Cheng Bao debuts Leopard 5, CATL introduces fast-charging battery, changes in Geometry's E Firefly, Changan plans Thailand factory, and Tesla opens orders for Model 3 Highland in China.
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China was the world’s largest auto exporter in H1 2023, exported 2.341 million vehicles
China exported 2.341 vehicles in the first six months of 2023, comparing to Japan's 2.02 million vehicle export volume.
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Changan Qiyuan A07 debuted in China with 705 km of electric range
Changan Qiyuan A07 is ready to start sales in China with EV and EREV powertrains. Price to be about of 27,865 USD.
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Changan teases electric sedan under new brand
The Qiyuan A07 is a mid to large-size sedan that will be offered in BEV and EREV versions, a previous regulatory filing shows.
(Image credit: Changan Qiyuan)
Chinese auto giant Changan Automobile is upping its bets in the electric vehicle (EV) segment, starting the warm-up for a new sub-brand and its first model.
The Changan sub-brand, called Qiyuan (启源), today posted several images on Weibo about the Qiyuan A07, showing exterior and interior design details of the sedan.
It is worth noting that Changan has not yet officially launched the Qiyuan brand, which has recently registered accounts on several social media platforms.
Yesterday, Qiyuan posted its first Weibo post, a preview video of the Qiyuan A07.
Qiyuan did not reveal more information about the A07, although the model previously entered a filing catalog of the Chinese Ministry of Industry and Information Technology.
The Qiyuan A07 is a mid to large-size sedan with a length, width and height of 4,905 mm, 1,910 mm and 1,480 mm, respectively, and a wheelbase of 2,900 mm, according to the filing.
The dimensions are slightly smaller than BYD's flagship sedan, the Han EV, which measures 4,995 mm in length, 1,910 mm in width and 1,495 mm in height, with a wheelbase of 2,920 mm.
Similar to Changan's other sub-brand Deepal, the Qiyuan A07 will be available in battery electric vehicle (BEV) and extended-range electric vehicle (EREV) versions.
The Qiyuan A07 BEV has an electric motor with a peak power of 190 kW, the same as the Deepal SL03 BEV. The Qiyuan A07 EREV has a peak electric motor of 160 kW, the same range-extender as the Deepal SL03, and a displacement of 1.5L with a power of 70 kW.
The Qiyuan A07 BEV is equipped with battery packs with capacities of 58.1 kWh and 79.97 kWh, respectively, with CLTC ranges of 515 km and 710 km. The Qiyuan A07 EREV is equipped with a 28.39 kWh battery pack with a battery range of 170 km.
Changan sold 244,996 units in May, including joint venture brands, with new energy vehicles (NEVs) contributing 35,934 units, or 14.7 percent, according to figures it announced earlier this month.
Deepal sold 7,021 units in May, bringing January-May sales to 33,585 units.
Changan's EV brand Deepal launches S7 SUV at about half price of Tesla Model Y
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China speed: Deepal S7 to launch on June 25, deliveries to start on June 30
The maximum range is 620 km CLTC and price starts at 24k USD.
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Changan’s E0 electric SUV will unveil under its new Zhuge brand in September
Launched in 2022, Zhuge is a high-end electric brand under Changan.
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Changan’s E0 electric SUV will unveil under its new Zhuge brand in September
Launched in 2022, Zhuge is a high-end electric brand under Changan.
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Changan Qiyuan A07 EV spy shots exposed in China. To compete with ID.7 and Model 3
On June 20, spy shots of a new mid-size sedan Changan Qiyuan A07 were exposed. Changan is a state-owned automaker, and Qiyuan (启源) is their entry-level series focusing on EVs and EREVs. The A7 is Qiyuan’s first car and will be officially released in July. MIIT previously revealed the Qiyuan A07 during the homologation consulting, […]
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Power battery industry faces serious overcapacity in China, says Changan chairman
China will need 1,000-1,200 GWh of power battery capacity by 2025, but the industry is already planning for 4,800 GWh of capacity, according to Changan's chairman.
The chairman of one of China's largest automakers has warned about oversupply in the power battery industry, at a time when the risk is a growing concern.
China's power battery industry is currently suffering from a serious overcapacity and the sector is bound to return to a rational state, Zhu Huarong, chairman of Changan Automobile, said today in a speech at an automotive forum in the southwestern Chinese city of Chongqing.
China will need 1,000-1,200 GWh of power battery capacity by 2025, but the industry is currently planning for 4,800 GWh of capacity, Zhu said.
In a speech at the 2022 China Auto Forum on November 9 last year, Zhu said the tight supply of chips and batteries facing China's new energy vehicle (NEV) industry had eased, but their expensive prices stand out, seriously affecting the profits and production of NEV companies.
High battery prices were caused by factors including raw material price increases, capital speculation, sellers' hesitation to sell and middlemen hoarding, Zhu said at the time.
Zhu's latest comments come as the issue of power battery overcapacity is a growing concern.
In a research note yesterday, Morgan Stanley analyst Jack Lu's team said that despite a near-term recovery in orders for China's battery industry, there will still be excess battery capacity and price competition is inevitable.
More and more second-tier battery suppliers are adopting increasingly aggressive pricing strategies, and CATL may have to do the same, Lu's team said.
Power battery overcapacity is an industry consensus, but in the first quarter, expansion of power and storage batteries continued, the official Economic Information Daily said in a report yesterday.
In 2022, China's power battery shipments were about 480 GWh, while the installed power battery capacity was only about 260.94 GWh. Even counting the export volume and the installed power battery capacity in the segment including construction machinery, the current inventory pressure of the whole industry is still high, the report said, citing industry research institute GGII.
In the next few years, the structural overcapacity of power batteries will intensify, and the industry will enter a deep reshuffling stage, with a degree of competition that may be more severe than imagined, the report said.
China's power battery installed capacity in April was 25.1 GWh, up 89.4 percent year-on-year and down 9.5 percent from March, according to data released by the China Automotive Battery Innovation Alliance (CABIA) on May 11.
The power battery production in April was 47.0 GWh, up 38.7 percent year-on-year and down 8.3 percent sequentially, according to the CABIA.
May's data is expected to be available in a few days.
China EV battery installations in Apr: BYD regains top spot over CATL in LFP market
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