Category: Changan

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 '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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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, […]

The post Changan Qiyuan A07 EV spy shots exposed in China. To compete with ID.7 and Model 3 appeared first on CarNewsChina.com.

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 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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Chinese auto giants Geely and Changan sign strategic cooperation deal

In the first quarter, Changan and Geely ranked third and fourth, respectively, in China in terms of retail vehicle sales.

Chinese auto giants Geely and Changan sign strategic cooperation deal-CnEVPost

(Image credit: Geely)

It's interesting to see tow of China's largest automakers announce a cooperation agreement, even though they are rivals.

Zhejiang Geely Holding Group and Chongqing Changan Automobile signed a strategic cooperation framework agreement on May 9, according to press releases issued today by the two companies.

The two sides will launch strategic cooperation in areas including new energy, intelligence, new energy power, overseas market expansion, and mobility to jointly promote the upward development of Chinese brands, according to their press releases.

This this will help create a better consumer and travel experience for users and help transform and upgrade the Chinese auto industry and develop with high quality, the two companies said.

Changan chairman Zhu Huarong, Geely chairman Eric Li, and Fu Bingfeng, executive vice-president of the China Association of Automobile Manufacturers (CAAM) attended the signing ceremony.

Changan and Geely are excellent representatives of Chinese auto companies, and the open cooperation between the two is conducive to building the image of Chinese auto brands and spawning industry synergies, said Fu.

Intelligence and electrification are the focus of the strategic cooperation between Geely and Changan.

In the field of new energy, the two sides will cooperate on battery cells, charging technology, battery swap technology, new energy vehicle (NEV) product safety, and new energy industry layout.

In the field of intelligence, they will cooperate around chip, operating system, vehicle system interconnection, high-precision map and autonomous driving.

The two sides will also work together on power platform and power technology, explore cooperation in overseas development and mobility ecology, and cooperate in the fields of industrial internet, block chain and carbon trading.

The two companies will work together to enhance their core competitiveness and help Chinese vehicles enter the middle and high end of the global automotive value chain, said Geely's Li.

Neither Geely nor Changan -- which ranks in the top five in Chinese auto sales -- provided more details on their partnership in their press releases.

In the first quarter, Changan sold 302,898 vehicles at retail, making it the No. 3 brand in China for the period, according to the China Passenger Car Association (CPCA).

Geely ranked fourth with retail sales of 269,701 units in the first quarter. The top two were BYD and FAW-Volkswagen, with retail sales of 508,706 and 368,762, respectively.

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

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