
New Zealand Electric Vehicle Price War?


In the increasingly competitive Chinese EV market, EV makers are hoping to capture initial consumer enthusiasm and avoid losing potential orders.

(Image credit: Neta)
Neta Auto, the electric vehicle (EV) brand of Hozon Auto, has begun deliveries of its electric sports car Neta GT, less than a month after the model's official launch, to capitalize on the initial hype.
Neta held a delivery ceremony in Shanghai on May 13 to deliver the first Neta GT EVs to owners, it announced on May 14.
Notably, the two-door, four-seat Neta GT electric sports car was only officially launched on the first day of the Shanghai auto show on April 18, with starting prices of RMB 178,800 ($25,700) to 227,800.
Neta's move to have the Neta GT begin deliveries within a month of its launch demonstrates the desire of EV makers to capture initial consumer enthusiasm and avoid losing potential orders in the increasingly competitive Chinese EV market.
The fact that Neta GT deliveries began shortly after launch validates the company's comprehensive strengths in vehicle development and design, manufacturing, and channel building, Neta said.

(Image credit: Neta)
Neta has been seen as a budget EV maker since its inception, as its vehicles are priced primarily at the lower end of the market, with previous mainstay models Neta V and Neta U priced at around RMB 100,000 to RMB 150,000 in China.
The Neta S is Neta's first effort in the high-end market, priced at around RMB 300,000, and the launch of the Neta GT is expected to further start changing the brand's low-end perception among consumers.
The Neta GT is Neta's second model based on the Shanhai platform after the flagship sedan Neta S. It measures 4,715 mm in length, 1,979 mm in width and 1,415 mm in height, and has a wheelbase of 2,770 mm.

(Image credit: CnEVPost)
The Neta GT is available in single-motor and dual-motor versions, with the single-motor version having a maximum motor power of 170 kW and the dual-motor version having a maximum total power of 340 kW.
The car's battery pack is available in three options -- 64.24 kWh, 74.48 kWh and 77.9 kWh -- and the CLTC range includes three versions -- 560 km, 580 km and 660 km.
In addition to the Neta GT, Neta also gave a debut to a model called Neta GT Speedster, a convertible based on the Neta GT, at the Shanghai auto show.

(Image credit: CnEVPost)
($1 = RMB 6.9582)
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The NIO ET5 touring with a green exterior is seen for the first time. Yellow and blue versions of the model have already been seen in Europe, while the black version appeared in a regulatory filing in China.

The NIO ET5 touring is on the streets of China without camouflage, after the model was seen in Europe in recent days.
A WeChat user shared three images of the NIO ET5 touring without camouflage in a group chat where CnEVPost is present, showing a green version of the model.
This is the first time the NIO ET5 touring with a green exterior has been seen. Yellow and blue versions of the model have already been seen in Europe, while the black version appeared in a regulatory filing in China.
It is not clear in which Chinese city the NIO ET5 touring was photographed, and the temporary number plate affixed to its rear window is illegible.

On March 9, China's Ministry of Industry and Information Technology announced the latest batch of models that will be allowed to be sold in China, and the NIO ET5 touring was included.
The model in the catalog was in black exterior and has a length, width and height of 4,790 mm, 1,960 mm and 1,499 mm, respectively, and a wheelbase of 2,888 mm, in line with the regular ET5 sedan.
The NIO ET5 touring is equipped with dual motors produced by NIO's electric drive systems division in Hefei, Anhui province, with a maximum power of 150 kW and 210 kW, respectively, and can support a top speed of 200 km/h.

On May 9, CnEVPost obtained two spy shots of the NIO ET5 touring, showing the model on the streets of Europe, with the yellow color exclusive to the ET5 sedan sold in China.
On May 12, auto blogger Delu shared multiple images of a blue NIO ET5 touring on the NIO App, saying that NIO was filming a promotional video for the model in Norway.
The NIO ET5 touring is expected to make its official debut in Europe in June, with the launch in China likely to come a little later.
NIO co-founder and president Qin Lihong said in January that this variant of the ET5 would debut in Europe, where the model was developed primarily for European consumers.
Derivatives of sedans have been a niche market in China, and few car companies have tried to tap into it before.
Geely's electric vehicle (EV) brand Zeekr unveiled its first model, the Zeekr 001, on April 15, 2021, the first such model released by a local brand, with deliveries starting in October 2021.
The Zeekr 001 was an unexpected success in China, with 71,941 units delivered in the full year 2022.
Zeekr positions the Zeekr 001 as a shooting brake sedan, while NIO emphasizes that this NIO ET5 variant is a touring model.
NIO filming ET5 touring promo in Norway, more images revealed
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