J.D. Power’s EVC study also shows that the lack of charging station availability is hindering EV adoption.
Category: Electric
Nearly half of shoppers see public charging as an EV dealbreaker
Electric vehicles are no longer limited to a few body styles or price points, and more companies than just Tesla are poised to ramp up production to meet the backlog of demand. But as one major shopping survey and resulting study have found, at least ahead of the bulk of the federal EV charging network buildout starting this year, there’s... Elon Musk Says Toyota “Should Join The NACS Coalition”
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NIO ET5 Touring launch: Live updates
(Image credit: CnEVPost)
NIO (NYSE: NIO) will officially launch the ET5 Touring today, with its launch event starting at 19:00 Beijing time, and CnEVPost will be updating the event's main content in real-time in this post.
Here is what is already known:
NIO starts accepting consumer reservations for the ET5 Touring in China on June 10, and its first deliveries will start tomorrow June 16.
NIO will hold the European launch of the model on June 16 at 1:00 am Beijing time (June 15 at 1:00 pm US Eastern time).
The ET5 Touring measures 4,790 mm in length, 1,960 mm in width and 1,499 mm in height, and has a wheelbase of 2,888 mm, in line with the regular ET5 sedan, a previous regulatory filing show.
It is equipped with dual motors with a maximum power of 150 kW and 210 kW, respectively, and can support a top speed of 200 km/h.
Its battery suppliers include CALB, in addition to CATL.
Below are the main contents of the NIO ET5 Touring launch event, with the latest at the top.
Including the battery, the starting price of the NIO ET5 Touring in China is RMB 298,000 ($41,620), which is the same as the starting price of the regular ET5.
NIO ET5 Touring will be available in China, Germany, Denmark, Netherlands, Norway and Sweden.
The NIO China team began participating in the launch.
The ET5 Touring with a 100-kWh long-range battery pack has a WLTP range of up to 560 km.
The ET5 Touring is available in 10 exterior colors.
The ET5 Touring launch event began with the NIO Europe team introducing the model at the NIO House in Frankfurt.
This is the first time that NIO starts the launch of a new model with an international team presentation.
Store visit: First impression of NIO ET5 Touring before official launch
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XPeng CEO sees China EV landscape far from set
XPeng will enter an accelerating positive feedback loop starting in the third quarter of this year and will see faster growth from the third quarter of next year to the end of 2025, XPeng's CEO said.
(Screenshot from the video of XPeng CEO He Xiaopeng's speech.)
Electric vehicle (EV) startups see ups and downs in fortunes as the industry grows rapidly in China. XPeng (NYSE: XPEV) is one of the EV makers that has been in a downward spiral over the past year, but its CEO doesn't think it's a big deal.
In a speech at the China Auto Blue Book Forum in Wuhan, central China's Hubei province, XPeng chairman and CEO He Xiaopeng argued that the landscape of China's EV industry is not yet set and that there's no need to worry too much about winning or losing in the moment.
"Whether it's joint ventures, state-owned enterprises, or private companies, including the new car makers, we see very fierce competition in the whole industry," he said.
"In fact, I don't think we need to worry too much about this competition. First of all, has anyone already got the qualification to stay at the table today?" he said.
"At least, I don't think there's a single company in China, not a single startup, that will definitively be on the table for the next one," he added.
Citing the development of China's Internet industry over the past 20 years, he said he had been thinking from 2007-2010 about which products would qualify to be part of the mobile Internet end game.
"In fact, we later found out that there was no answer to that question," he said.
None of the products had a chance of qualifying for that from 2007 to 2010, and that qualification came in 2010 and later with the emergence of big hardware and software players, he said.
XPeng has seen strong delivery growth in 2021, with deliveries reaching an all-time high of 16,000 units in December 2021.
Its deliveries have continued to be weak since the second half of last year, dropping to 5,218 units in January of this year. In the past three months, it has delivered at slightly above 7,000 units each month.
Its local counterpart NIO (NYSE: NIO) fared a bit better last year, but also faced a similarly sluggish delivery as it switched products this year, delivering just 6,155 vehicles in May.
In contrast, Li Auto (NASDAQ: LI) has maintained strong deliveries since last year, with a record 28,277 vehicles delivered in May.
It's worth noting that Li Auto's current models are all extended-range electric vehicles (EREVs), which are essentially plug-in hybrids and have a much larger market space. Both XPeng and NIO only offer battery electric vehicles, which are in a fast-growing but small market.
In his speech today, Mr. He said he could foresee a large number of hybrid models in China in the next two years, especially in the family car segment.
"Because everyone sees the success, they will follow. Because they are following, a large number of models will focus on the same place. It's a very interesting thing," he said.
He stressed that automakers should have a long-term vision. "I think in the automotive space, for everything, you have to think about the layout for ten to twenty years, it's not possible to achieve a big change in three years' time," he said.
XPeng has faced many challenges in the last year, but the positive feedback for the company will accelerate in the full year starting in the third quarter of this year, he said.
From the third quarter of next year to the end of 2025, XPeng will enter a hyper-speed positive feedback loop, he said, adding that this is based on XPeng's overall layout.
The post XPeng CEO sees China EV landscape far from set appeared first on CnEVPost.
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