Xpeng G6 is an EV to compete with the Tesla Model Y. It will be officially released at the end of June and delivered in July.
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Category: Electric
Lucid and Fisker are both preparing to sell vehicles in China
Lucid and Fisker in the past week separately announced plans to sell vehicles in China soon. The head of Lucid's China operations confirmed to Reuters Thursday that the automaker was planning to enter the Chinese market. The Reuters report also cited an anonymous source with knowledge of Lucid's plans, who said the automaker plans to sell imported... Tesla Unveils New Giga Laboratory Showroom In China
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US EV startup Fisker plans to open delivery center in China this year
"I believe we can get production up and running in China as early as next year, potentially adding capacity of 75,000 Fisker Oceans annually," Fisker CEO said.
(Image credit: Fisker)
Fisker (NYSE: FSR) plans to open a delivery center in China this year, becoming the next US electric vehicle (EV) startup to target the Chinese market after Lucid Motors (NASDAQ: LCID).
Fisker plans to open a delivery center in China in 2023 and start delivering the Fisker Ocean SUV in the first quarter of 2024, the company said in a June 9 press release.
Fisker's leadership team recently visited China and met with officials and business leaders in Shanghai to discuss cooperation and opportunities in the region, according to the release.
The conversations focused on the automotive supply chain, logistics, warehousing and future production development, Fisker said. The company opened its China office in 2022, according to the release.
"We expect China to be an important growth market for EVs in the future and believe our vehicles will be very appealing. That is why we established an office there and intend to open a delivery center this year," said Henrik Fisker, Fisker's chairman and CEO.
"I believe we can get production up and running in China as early as next year, potentially adding capacity of 75,000 Fisker Oceans annually," he added.
Interestingly, local media outlet Jiemian reported on June 7 that Zhu Jiang, who previously served as an executive at NIO (NYSE: NIO), Ford (NYSE: F) and Jidu Auto, the car-making arm of Baidu (NASDAQ: BIDU), has joined Lucid to head up its China operations.
Lucid is starting to prepare for its entry into the Chinese market, Zhu told the outlet.
China is the world's largest EV market, with the segment seeing explosive growth over the past two to three years.
Global EV sales are largely driven by China, with 56 percent of total EV sales in the first quarter coming from the Chinese market, market research firm Counterpoint Research said in a June 8 report.
In China, the premium and affordable luxury segment is growing faster than the general segment, Daniel Foa, Fisker's China board member, said at the company's annual shareholders meeting on June 6.
Fisker fits right into that segment with its unique history, features and design, Foa said.
The company recently announced that deliveries of its first production model, the Fisker Ocean all-electric SUV, will begin in the US on June 23. It starts at $37,499 for the Sport interior trim level.
Notably, Chinese power battery giant CATL is a supplier to Fisker.
On November 2, 2021, Fisker announced it signed an agreement with CATL, which will supply batteries for the Ocean SUV.
CATL will provide Fisker with more than 5 GWh of initial capacity per year from 2023 to 2025, according to a previous statement.
Lucid prepares for China entry, hires ex-NIO, Ford exec Zhu Jiang
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Zeekr begins deliveries of 3rd model, Zeekr X
Nearly 20 percent of Zeekr 001 and Zeekr 009 owners have opted to buy an additional Zeekr X, Zeekr said.
(Image credit: Zeekr)
Zeekr, Geely's premium electric vehicle (EV) brand, has begun deliveries of the Zeekr X, its third production vehicle, which was officially launched two months ago.
Zeekr delivered the Zeekr X to its first owners in 25 cities in China today, according to a press release.
Zeekr was officially launched as an independent company in March 2021 with two other models, the Zeekr 001 hatchback and the Zeekr 009 MPV, currently on sale.
The company delivered 8,678 vehicles in May, up 7.12 percent from 8,101 vehicles in April and its fourth sequential increase.
By the end of May, Zeekr's cumulative deliveries since inception stood at 109,961 vehicles, data monitored by CnEVPost show.
Zeekr launched the Zeekr X on April 12, and the model is produced at one of Geely's plants in Chengdu, Sichuan province in southwestern China, rather than the Ningbo plant in Zhejiang province where the Zeekr 001 and Zeekr 009 are produced.
The Zeekr X is available in three versions, one starting at RMB 189,800 ($26,580) and the other two at RMB 209,800.
The Zeekr X has been available for pre-order since launch, and the model is targeting 40,000 deliveries this year. Zeekr is aiming to double its overall deliveries this year from last year to about 140,000 units.
Nearly 20 percent of Zeekr 001 and Zeekr 009 owners have chosen to purchase an additional Zeekr X to meet the travel needs of different family members, the company said today.
The average order amount for the Zeekr 001 was RMB 336,000 and for the Zeekr 009 RMB 527,000, it said when it announced May delivery figures on June 1.
The Zeekr X is available in both a four-seat version and a five-seat version, and the company said today that 70 percent of consumers are now opting for the four-seat version.
($1 = RMB 7.1417)
Zeekr launches Zeekr X SUV to gain further share from market dominated by German luxury automakers
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Saudi Arabia signs $5.6 billion deal with Chinese EV maker Human Horizons
The deal accounts for over half of the more than $10 billion in investments signed on the first day of the Arab-China business conference in Riyadh on Sunday.
(Image credit: CnEVPost)
Chinese electric vehicle (EV) maker Human Horizons is planning to enter more countries despite the weak performance of its premium HiPhi brand in its home market.
Saudi Arabia's Ministry of Investment has signed a $5.6 billion deal with Human Horizons to cooperate in developing, manufacturing and selling cars, Reuters said in a report today, citing a statement from Saudi Arabia's state news agency.
The agreement accounts for more than half of the more than $10 billion in investments signed on the first day of the Arab-China business conference in Riyadh on Sunday, the report noted.
Saudi Arabia has been pushing for increased investment in non-oil sectors as part of its diversification agenda. Part of its plan is to develop domestic EV manufacturing, the report said.
Human Horizons unveiled the HiPhi X, the first model of the HiPhi brand, in October 2020, and deliveries of the model began in China in May 2021.
The HiPhi X starts at RMB 570,000 ($79,820) for the six-seat version and up to RMB 800,000 for the four-seat version.
In August 2022, Human Horizons officially launched its second model under the HiPhi brand, the HiPhi Z. The model is available in five-seat and four-seat versions with starting prices of RMB 610,000 and 630,000 respectively, and deliveries began at the end of January this year.
In February, HiPhi's third model, the HiPhi Y, appeared on one of the Chinese industry regulator's filing list. The model has not yet been officially launched, although late last month a HiPhi executive hinted that the model's starting price is expected to be RMB 369,000.
Sales of HiPhi models have been weak in China, never making into the monthly sales rankings published by the China Passenger Car Association (CPCA).
On March 31, Reuters quoted a Human Horizons executive as saying the company would launch the HiPhi brand in select European markets later this year.
($1 = 7.1411 RMB)
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Tesla says rumors that FSD will start pilot run in Shanghai untrue
There were rumors over the weekend that Tesla FSD would be running in Shanghai on a pilot basis, but this was denied.
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Rumors over the weekend that Tesla's FSD (Full Self-Driving) will start a pilot run in Shanghai have been denied.
"The information is not true," local media outlet Cailian said in a brief report today, citing a response from Tesla China about the rumors.
On May 12, a Shanghai official said the city would further deepen its cooperation with Tesla and promote the electric vehicle (EV) maker's self-driving and robotics businesses in Shanghai.
Shanghai will work with Tesla to build a technology industry cluster with core technology advantages for the global market, Chen Kele, deputy director of the intelligent manufacturing promotion division at Shanghai Municipal Commission of Economy and Informatization, said at the time.
Chen did not directly mention Tesla's FSD at the time, although it was the first hint of support from Chinese officials for Tesla's software.
Before that, local media outlet Caixin said in an April 3 report that Tesla was about to begin widespread testing of FSD in China.
All Tesla vehicles currently come with the free Basic Autopilot (BAP) software. In addition, Tesla also offers Enhanced Autopilot (EAP), FSD software as an option.
EAP and FSD cost $6,000 and $15,000 in the US, and RMB 32,000 ($4,480) and RMB 64,000 in China, respectively.
On June 9, CITIC Securities analyst Lian Yixi's team said that the trend of Tesla FSD entering China is becoming clearer, which is expected to accelerate the intelligent process of local EVs.
However, this is still facing two major problems from becoming a reality -- data collection qualification and supercomputing centers, according to the team.
Also on June 9, Tesla CEO Elon Musk said on Weibo, the Chinese equivalent of Twitter, that the company would be happy to license Autopilot/FSD or other Tesla technology.
This is the first mention of FSD on Musk's Weibo account since 2021, although the account appears to be managed by Tesla's team in Beijing. The Tesla CEO visited China earlier this month and met with several top Chinese officials.
($1 = RMB 7.1452)
Analysts list 2 major issues Tesla must address before bringing FSD to China
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Fisker To Open Delivery Center In China This Year, Start Deliveries In Q1 2024
The California-based EV maker recently opened an office there.
