Category: eV

Denza N7 expected to get over 30,000 orders before mid-year launch, exec says

Denza will announce the appearance of another SUV N8 in the near future, and Denza D9 MPV will next be sold in other regions including Hong Kong, Macau, Europe.

(Image credit: Denza)

's premium new energy vehicle (NEV) brand Denza began intensive warm-up for the Denza N7 SUV earlier this month, and now an executive has expressed optimism for the model's future sales performance.

Denza N7 has inspired much enthusiasm, and with the announcement of Denza's partnership with French high-end audio brand Devialet on March 22, there were many customers inquiring every day, Zhao Changjiang, general manager of Denza's sales division, said on Weibo yesterday.

Many people want to get the Denza N7 launched as soon as possible, and according to the inquiry volume data, the model is expected to get 30,000 orders before its launch in the middle of the year, Zhao said.

Zhao said in February that the Denza N7 would be released in the first half of this year.

On March 6, Denza unveiled official exterior images of the Denza N7 on Weibo, showing that the model restores much of the design of the brand's concept car INCEPTION, which was unveiled at the Chengdu auto show on August 26, 2022.

On March 9, the Denza N7 appeared in a regulatory filing list, and its key specifications were revealed.

The Denza N7 has a length, width and height of 4,860 mm, 1,935 mm and 1,602 mm respectively, and a wheelbase of 2,940 mm, according to the filing.

The model will be available in a single-motor version as well as a dual-motor version, with the former having a peak motor power of 230 kW and the latter having an additional motor with a peak power of 160 kW.

On December 20 last year, Zhao shared six spy photos of the SUV on Weibo, showing what the model might look like.

In the comments section of that Weibo, Zhao said the SUV aims to capture the market for traditional internal combustion engine cars priced around 400,000 yuan ($58,140).

In addition to mentioning his expectation of orders for the Denza N7 before its launch, Zhao also mentioned on Weibo yesterday that Denza will announce the look of another SUV, the N8, in the near future.

The Denza D9 has already been shown at the Thailand motor show and the MPV will be sold next in other regions including Hong Kong, Macau, and Europe for RMB 600,000-1 million, he said.

($1 = RMB 6.8801)

Regulatory filing: Here are core specs for BYD's Denza brand's new SUV, Denza N7

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Tesla rumored to be pushing major Autopilot update in China soon

" China will soon push a major update to Autopilot," a well-known car blogger wrote on Weibo.  |  TSLA.US

Tesla's assisted driving software is seen as a mediocre performer in China. Now, a rumor that has inspired a lot of anticipation.

"Tesla China will push a major update to Autopilot soon," auto blogger Zheng Xiaokang, who has 532,000 followers on Weibo, said today.

The blogger, a longtime Tesla China follower, didn't mention any more information, and some speculated in the comments section of the Weibo post that the update might be Tesla's vision-only V11 software.

In 2021, Tesla begins the transition to a vision-only Tesla Vision by removing radar from the Model 3 and Model Y, followed by the Model S and Model X in 2022.

On the Model 3 page of its China website, Tesla says the Tesla Vision processing system detects nearby vehicles to reduce the risk of collisions and assists in parking.

With a 360-degree field of view from the vehicle's front, side and rear cameras, the system has powerful vision processing capabilities and can detect distances of up to 250 meters, according to the text on the page.

Tesla has a factory in Shanghai that produces the Model 3 and Model Y.

Today, in most parts of the world, the Model 3 and Model Y are already based on the Tesla Vision solution, which relies only on cameras. But both models currently being delivered by Tesla in China still come with radar.

Earlier this month, multiple regulatory filings revealed that Tesla declared the Model Y without radar in China, which may mean that the SUV may be the first Tesla model to remove radar in China.

Tesla is one of the world's most capable automakers in terms of autonomous driving, though its assisted driving software in China pales in comparison to some of its local peers.

Several local car companies, including (NYSE: XPEV) and (NYSE: NIO), are fast-tracking testing of their advanced assisted driving software and are getting many positive reviews on social media.

On March 16, XPeng announced that its P5 sedan will receive its seventh vehicle OTA upgrade, which will make its Tesla FSD-like City Navigation Guided Pilot (City NGP) feature available in Shenzhen after Guangzhou.

City NGP can achieve up to 90 percent of the efficiency of a human driver and can easily handle heavy traffic during peak commuting hours and complex road conditions, XPeng said.

At the end of last month, NIO began allowing owners of all its NT 2.0 platform vehicles to apply for a trial of NOP (Navigate on Pilot) Plus assisted driving software, which enables a point-to-point assisted driving experience on highways and urban expressway scenarios.

NIO begins allowing all NT 2.0 models to trial NOP+ assisted driving software

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Chery’s NEV unit cuts vehicle prices by up to 10%

In January-February, Chery's NEV sales were 13,293 units, down 57.6 percent from 31,367 units in the same period last year.

(Image credit: Chery New Energy)

Chinese auto giant Chery's new energy vehicle (NEV) division has slashed the prices of several models, becoming the latest car company to do so.

Chery New Energy announced today that official guide prices for three of its NEV models has been cut by up to 9,000 yuan ($1,310) starting at 00:00 on March 27.

The reduction covers the QQ Ice Cream, Little Ant and Wujie Pro, with the Little Ant's 408km range seeing an RMB 9,000, or 8.74 percent, price cut.

The QQ Ice Cream priced at RMB 39,900 saw a price reduction of RMB 4,000, or 10 percent.

Following this reduction, the QQ Ice Cream's latest starting price range is RMB 35,900 to RMB 45,900, the Little Ant is RMB 64,999 to RMB 94,000, and the Wujie Pro is RMB 84,900 to RMB 110,900.

This is due to the global price correction of new energy materials and the company's cost control and supply chain management capabilities, Chery New Energy said in an announcement.

The price of lithium carbonate, a key raw material for batteries, has fallen sharply in the past few months, with the current price having dropped about 50 percent from its high point last November.

As of March 24, the average price of battery-grade lithium carbonate in China was RMB 277,500 per ton and industrial-grade lithium carbonate was RMB 235,000 per ton, according to data from Mysteel monitored by CnEVPost.

While Chery New Energy attributed the price cuts to lower raw material prices, the recent price war in the Chinese auto industry and its weak performance so far this year may be the bigger reasons.

After cut prices earlier in the year, several NEV makers followed suit. Earlier this month, multiple traditional internal combustion engine automakers launched price wars with steep discounts.

These moves have increased the consumer's wait-and-see attitude toward car purchases and disrupted the industry, and last week, the China Association of Automobile Manufacturers (CAAM) called on all parties to help return the industry to normalcy.

For Chery, its performance at the beginning of the year was weak.

In January-February, Chery's NEV sales were 13,293 units, down 57.6 percent from 31,367 units a year earlier, according to data from the China Passenger Car Association (CPCA) monitored by CnEVPost.

($1 = RMB 6.8819)

CAAM calls for return to normal order in China's auto industry as price war disrupts sector

ModelVersionPrevious Price (RMB)Latest PriceChangeChange %
QQ Ice Cream120 km Milkshake39,90035,900-4,000-10.03%
QQ Ice Cream120 km Cone43,90039,900-4,000-9.11%
QQ Ice Cream170 km Sundae49,90045,900-4000-8.02%
Little Ant251 km Hot Love69,99964,999-5,000-7.14%
Little Ant301 km True Love Plus82,99977,999-5,000-6.02%
Little Ant301 km Half Sugar82,90076,900-6000-7.24%
Little Ant408 km Full Sugar103,00094,000-9,000-8.74%
Wujie Pro301 km Moshou89,90084,900-5,000-5.56%
Wujie Pro301 km Lingshou94,90089,900-5,000-5.27%
Wujie Pro301 km Shenshou99,90094,900-5000-5.01%
Wujie Pro408 km Moshou105,900100,900-5,000-4.72%
Wujie Pro408 km Shenshou115,900110,900-5,000-4.31%

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LiDAR-maker Hesai to set up software R&D headquarters in Chongqing

Hesai shipped 80,462 LiDAR units for the full year 2022, up 467.5 percent year-on-year.  |  Hesai.US

LiDAR-maker Hesai to set up software R&D headquarters in Chongqing-CnEVPost

(Hesai FT120 automotive short-range LiDAR. Image from Hesai prospectus.)

Shanghai-based LiDAR maker Hesai Group (NASDAQ: HSAI) signed an investment agreement with Chongqing Economic Development Zone on March 26 to build a software global R&D headquarters in the southwestern Chinese city, according to a report in Chongqing Daily today.

Hesai is a global leader in LiDARs for autonomous driving and advanced assisted driving, and Chongqing wants it to strengthen its cooperation with local car companies, the report said, citing the city's mayor, Hu Henghua.

Under the agreement, Hesai will build a software global R&D headquarters, set up an innovation incubation center and create a LiDAR industrial park in Chongqing's Economic Development Zone, the report said, without providing further details.

Founded in Shanghai in late 2014, Hesai initially focused on developing high-performance laser sensors and has been exploring driverless LiDAR products since 2016.

On February 9, the company made its NASDAQ debut, becoming the first Chinese LiDAR manufacturing company to list in the US.

Hesai shipped 47,515 LiDAR units in the fourth quarter, up 739.2 percent from 5,662 units in the same period in 2021, it said in its earnings report on March 16.

It shipped 43,351 ADAS LiDAR units in the fourth quarter, compared to 87 units in the same period in 2021.

The company shipped 80,462 LiDAR units in the full year 2022, up 467.5 percent year-on-year.

LiDAR-maker Hesai posts Q4 revenue growth of 56.6% YoY in 1st earnings report since US IPO

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