Category: Industry News

Seres, Huawei’s auto partner, delivers 1st vehicles in Europe

Seres delivered Seres 5 vehicles to the first European owners in Norway in cooperation with a local dealer.

(Image credit: Seres)

Seres Group -- one of 's key partners in the automotive sector -- has started vehicle deliveries in Europe.

On June 21, Seres delivered Seres 5 vehicles to the first European owners in Bergen, Norway, according to an announcement made by the company based in the southwestern Chinese city of Chongqing on June 23.

Unlike (NYSE: NIO), which follows a direct sales model overseas, Seres delivered the first vehicles in Norway in partnership with local dealer Sandven AS.

Sandven will work with Seres to bring more new energy vehicle (NEV) offerings to Norwegian consumers for the European market, said Trond Sandven, the dealership's founder.

The Seres 5 appears to be the Aito M5 sold in China, a model jointly designed by Huawei and Aito, a brand jointly launched by Huawei and Seres.

The Seres Chinese website currently shows only the Aito series of models, including the Aito M5 series and the Aito M7 series.

The four-wheel drive version of the Seres 5 has a total output of 430 kW and can accelerate from 0 to 100 km/h in 3.7 seconds, according to Seres.

The model is available in battery electric vehicle (BEV) and extended-range electric vehicle (EREV) versions to meet the diverse mobility needs of customers worldwide, Seres said.

(Seres rotating chairman and president Zhang Zhengping delivered the vehicle to the first Seres 5 owner in Norway.)

The Seres 5 BEV has a WLTP range of 500 kilometers for the two-wheel drive version and 530 kilometers for the four-wheel drive flagship version, the company said.

On full fuel and power, the Seres 5 EREV has a combined range of more than 1,000 kilometers, it said.

Seres did not reveal whether the first vehicles it delivered in Europe were the Seres 5 BEV or the Seres 5 EREV, though its announcement features a model with a front face that matches the all-electric version of the Aito M5.

This is the latest development in Seres' efforts to reach overseas markets.

Seres unveiled the Landian brand on March 30 and made its first model, the plug-in hybrid E5, available.

Equipped with technology from Huawei and , the Landian E5 is a mid-size SUV available in 5- and 7-seat versions, with a starting price of RMB 139,900 ($18,490) in China.

On May 25, Landian shipped the first 500 Landian E5 vehicles to overseas markets.

Huawei officially announced on April 20, 2021 that it would start selling cars in its flagship stores, with the first model being the Seres SF5 SUV, which uses extended-range technology. This model is no longer available in China.

On December 2, 2021, Seres and Huawei jointly launched a premium NEV brand called Aito, followed by the M5 EREV, M5 BEV and M7 EREV.

Originally known as Chongqing Sokon Industrial Group, Seres Group changed its name in August 2022, with Seres as one of its brands.

Seres Group sold 8,562 NEVs in May, down 18.08 percent year-on-year but up 23.78 percent from April, according to data released earlier this month.

($1 = RMB 7.1795)

Seres' sub-brand Landian sends 1st 500 cars to overseas markets

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Smart begins Smart #3 deliveries in China 20 days after launch

The first Smart #3 vehicles were delivered in 41 cities. To date, Smart has completed 164 offline stores in China.

(Image credit: CnEVPost)

The tight pace of new models from launch to delivery is one of the most important features of the highly competitive Chinese electric vehicle (EV) market.

Smart Automobile, a joint venture between and Mercedes-Benz, began deliveries of the Smart #3 in China yesterday, just 20 days after the model's official launch.

Smart announced on Wednesday that the first Smart #3 vehicles were delivered in 41 cities, including Shanghai, Beijing, Nanjing, Chengdu and Xi'an, without disclosing the exact number of vehicles delivered.

(Image credit: Smart)

Smart officially launched the Smart #3 in China at an event on June 1, its second model after the Smart #1 following its electrification transition.

The Smart #3 is available in three regular versions -- Pro+, Pulse and Premium -- starting at RMB 209,900 ($29,240), RMB 239,900 and RMB 255,900 respectively.

The model is also available in a limited edition Brabus Performance version of only 1,999 units at RMB 289,900.

The car is positioned as a coupe SUV with a length, width and height of 4,400/4,542 mm, 1,844 mm and 1,556 mm respectively, and a wheelbase of 2,785 mm.

The Smart #1 measures 4,270 mm in length, 1,822 mm in width and 1,636 mm in height, and has a wheelbase of 2,750 mm.

This means that the Smart #3 is longer and wider than the Smart #1, but lower.

The Smart #3 is available with two power options, a single-motor version with 200 kW peak motor power and a dual-motor version with 115 kW and 200 kW peak front and rear motors, respectively.

It accelerates from 0 to 100 km/h in 5.4 seconds for the single-motor version and 4.3 seconds for the dual-motor version, and from 0 to 100 km/h in 3.6 seconds for the Brabus Performance version.

The model is available in three range versions with CLTC ranges of 520 km, 555 km and 580 km, and its battery pack is a ternary lithium battery from CALB and Sunwoda.

On June 18, Smart announced the opening of its flagship experience center in Shanghai, its fifth after Chengdu, Hangzhou, Guangzhou and Beijing.

Smart now has 17 stores in Shanghai, including one brand flagship center, four service centers and 12 retail showrooms. This year, Smart will add an additional eight stores in East China, it said.

To date, Smart has built 164 offline outlets in China, and the number is expected to exceed 200 by the end of this year, covering more than 60 first-tier, new first-tier and second-tier cities, it said.

Smart delivered 2,624 vehicles in China in May, down 40.23 percent from 4,390 units in April, according to data it released earlier this month.

Smart has delivered a cumulative total of 28,923 electric vehicles in China since last September, data monitored by CnEVPost show.

($1 =RMB 7.1795)

Chinese Lithium giant Tianqi reportedly mulling stake in Mercedes-Geely JV Smart

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New patent hints BEV maker Avatr may launch models with combustion engines

The appeal of PHEVs or EREVs is clearly hard for Chinese EV companies to ignore, and the strong deliveries of the further underscore this.

(Image credit: CnEVPost)

While adding an internal combustion engine to an electric vehicle (EV) model is seen as a step backward, the approach could lead to higher sales and thus make it attractive.

A new patent granted to Avatr Technology, an EV brand backed by , and Changan Automobile, hints that it could potentially add models with internal combustion engines to its product array.

Avatr was granted a patent related to refueling ports on May 5, meaning that the battery electric vehicle (BEV) maker could potentially introduce models that can refuel in the future.

Avatr was originally founded as Changan by Changan and NIO on July 10, 2018.

However, its product launches have not progressed well over the past several years, and with the introduction of new financing, NIO has essentially exited from the joint venture.

After several years of bumpy development, Avatr finally launched its first model, Avatr 11, on August 9, 2022, and its deliveries began at the end of December last year.

In addition to the Avatr 11, Avatr also has a limited-edition model, the Avatr 011, for which deliveries began in February of this year.

In May, Avatr sold 1,200 units, according to local consulting firm Land Roads.

Most of China's earliest EV startups targeted the BEV market in the beginning, but experience over the past few years has shown that plug-in hybrid vehicles (PHEVs), which enjoy the same support policies as BEVs at the national level, are more popular.

In addition, Li Auto's (NASDAQ: LI) tremendous success in the extended-range electric vehicle (EREV) market is more evidence that PHEVs are more accepted.

Li Auto delivered a record 28,277 vehicles in May, the third consecutive month to surpass the 20,000-unit mark. It is aiming to deliver more than 30,000 units this month.

In an effort to reverse the sales slump, Leapmotor announced plans last year to release EREV models, all of its previous models were BEVs.

On February 1, Leapmotor unveiled its dual-power strategy and its first EREV model, an EREV variant of its flagship SUV, the C11. On March 1, the C11 EREV went on sale.

In May, Leapmotor delivered 12,058 vehicles, up 38.18 percent from 8,726 units in April and 10 times the 1,139 units in January.

Leapmotor delivers 12,058 units in May, higher-priced C-series dominate-CnEVPost

The appeal of PHEVs or EREVs is clearly hard to ignore for Chinese EV makers.

He Xiaopeng, chairman and CEO of , said in a speech on June 15 that he could foresee a large number of hybrid models appearing in China in the next two years, especially inside family cars.

"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, however, that car companies should have a long-term view. "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.

Leapmotor starts bringing back combustion engines for its offerings to reverse plummeting sales

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China NEV retail at 320,000 in Jun 1-18, up 5% from same period last month, CPCA data show

So far this year, China's retail sales of passenger NEVs were 2,741,000 units, up 35 percent year-on-year.

China NEV retail at 320,000 in Jun 1-18, up 5% from same period last month, CPCA data show-CnEVPost

(Image credit: CnEVPost)

From June 1 to June 18, retail sales of passenger new energy vehicles (NEVs) in China were 320,000 units, up 1 percent year-on-year and up 5 percent from the same period last month, according to data released today by the China Passenger Car Association (CPCA).

So far this year, China's retail sales of passenger NEVs were 2.74 million units, up 35 percent year-on-year.

From June 1 to June 18, wholesale sales of passenger NEVs in China were 308,000 units, down 8 percent year-on-year and up 7 percent from the same period last month, according to the CPCA.

So far this year, wholesale sales of passenger NEVs were 3.09 million units, up 38 percent year-on-year.

Between June 1 and June 18, retail sales of all passenger vehicles in China were 828,000 units, down 6 percent year-on-year and down 8 percent from the same period last month, the CPCA said.

So far this year, cumulative retail sales of passenger cars in China were up 3 percent year-on-year to 8.46 million units.

This means that from June 1 to June 18, the penetration of NEVs at retail in China was 38.6 percent, and 32.39 percent so far this year.

In the first week of June -- June 1-4 -- the average daily retail sales of passenger cars in China were 31,000 units, down 9 percent from a year ago and 42 percent lower than the same period last month.

In the second week -- June 5 to 11 -- average daily retail sales of passenger cars were 43,000 units, down 10 percent year-on-year and down 14 percent compared to the same period in May.

In the third week -- June 12 to 18 -- average daily retail sales of passenger cars were 58,000 units, down 2 percent year-on-year and up 21 percent compared to the same period in May.

China began halving purchase taxes on mainstream internal combustion engine vehicles last June, causing sales to shift toward the beginning of the month, the CPCA said. The policy was not renewed when it expired at the end of last year.

By comparison, this June is a normal sales month, so a dip at the beginning of the month is normal, the CPCA said, adding that auto sales are expected to decline year-on-year for the entire month of June.

Data Table: China auto sales from June 1-18

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China’s vehicle purchase tax exemptions expected to reach $72 billion in 2024-2027

China's cumulative tax exemptions for NEVs exceed RMB 200 billion by the end of 2022.

China's vehicle purchase tax exemptions expected to reach $72 billion in 2024-2027-CnEVPost

(Image credit: CnEVPost)

China today clarified its future purchase tax policy for new energy vehicles (NEVs), which is expected to exempt the industry from paying more than $70 billion in taxes over the next four years.

According to preliminary estimates, China's vehicle purchase tax exemptions will total RMB 520 billion yuan ($72 billion) from 2024-2027, Vice Minister of Finance Xu Hongcai said at a press conference today.

China will exempt NEVs with a purchase date between January 1, 2024 and December 31, 2025 from vehicle purchase tax, but the tax exemption for each new energy passenger vehicle will not exceed RMB 30,000, according to an announcement released today by the Ministry of Finance.

For NEVs with a purchase date between January 1, 2026 and December 31, 2027, the vehicle purchase tax will be levied at half the normal rate, with the tax reduction not exceeding RMB 15,000 per new energy passenger vehicle.

To support the development of energy-efficient vehicles, China first began exempting NEVs from purchase tax in 2014, a policy that has been extended several times in the past few years.

The standard vehicle purchase tax in China is 10 percent, which is what traditional internal combustion engine (ICE) vehicles currently face.

By the end of 2022, the cumulative size of China's tax exemption for NEVs exceeded RMB 200 billion, and the annual tax exemption is expected to exceed RMB 115 billion in 2023, Xu said in the press conference.

The vehicle purchase tax exemption policy brings more direct feelings to consumers and has a clear effect on promoting the development of the NEV industry and expanding consumption, he said.

The latest policy will have no effect on NEVs priced below RMB 300,000, and the parts exceeding RMB 300,000 will be subject to vehicle purchase tax, he said.

According to 2022 data, new energy passenger vehicles priced at RMB 300,000 and below account for roughly 87 percent of production, and these limits, in general, will have little impact on consumers and the market, according to Xu.

In addition, Chinese Vice Minister of Industry and Information Technology Xin Guobin said in the press conference that the country welcomes investment from companies from various countries and supports their cooperation with Chinese companies in areas such as solid-state batteries and autonomous driving.

At the same time, China also supports local companies to invest and build factories outside the country to bring China's advanced technologies and products abroad, so that people in more countries can enjoy the fruits of technological progress, Xin said.

($1 = RMB 7.1941)

BREAKING: China extends full purchase tax exemption for NEVs until end of 2025

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BREAKING: China extends NEV purchase tax exemption until end of 2025

(Image credit: CnEVPost)

China today released details of its policy to extend the purchase tax exemption for new energy vehicles (NEVs), clarifying the timeline for the policy's withdrawal.

China will exempt the purchase tax on NEVs with a purchase date between January 1, 2024, and December 31, 2025, but the tax exemption will not exceed RMB 30,000 yuan per vehicle, according to an announcement issued today by China's Ministry of Finance.

For NEVs with a purchase date between January 1, 2026 and December 31, 2027, the vehicle purchase tax will be reduced by half, with the tax reduction not exceeding RMB 15,000 per vehicle.

China NEV insurance registrations for week ending Jun 18: Tesla 14,500, Li Auto 7,800, NIO 2,000

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Qiantu’s parent firm to establish joint venture in Jordan

The joint venture will bring Qiantu's K50, K20 and K25 to Jordan and serve the Middle East and North African markets, Qiantu said.

Qiantu's parent firm to establish joint venture in Jordan-CnEVPost

(Image credit: Qiantu)

Qiantu Motors, which is almost forgotten in China, seems to be continuing to push its presence in overseas markets.

Qiantu's parent company, CH-Auto Technology Co Ltd, recently signed a strategic partnership agreement with the Manaseer Group, Jordan's largest private company, to jointly establish a joint venture in Jordan, according to a press release yesterday.

Qiantu will work with Manaseer to expand into the Middle East and North Africa market, bringing exciting electric vehicle (EV) options to consumers in the region, the Chinese EV maker said.

Jordan has one of the most stable and reliable markets in the Middle East and ranks first in economic freedom in the region, according to the press release from Qiantu.

Manaseer was founded in 1999 and has 16 subsidiaries with businesses in construction, building materials, new energy, transportation, modern agriculture, minerals and other sectors, according to the release.

The joint venture will bring Qiantu's K50, K20 and K25 EVs to Jordan and serve the Middle East and North African markets, Qiantu said.

Founded in 2015, Qiantu was one of the first EV startups in China.

Qiantu's first model, the Qiantu K50, was launched in China in 2018, but the model did not win recognition for the company and was discontinued in November 2020.

On December 18, 2021, Qiantu held a strategy-sharing session at its factory in Suzhou, marking its return after a two-year hiatus.

Qiantu unveiled its new development plan at that time, and also held a ceremony to launch the Qiantu K50 sports car and deliver the model to customers.

In October 2022 Qiantu announced to showcase and start pre-sales of Qiantu K50, Qiantu K25 and Qiantu K20 in Malaysia, with Qiantu K25 making its global debut.

In March this year, Qiantu signed an agreement with Mullen Automotive, an American EV company, to expand into the US market, and the K50 supercar will be rebranded with the Mullen GT and GTRS.

These modifications will be in line with Mullen's current vehicle design language in the Mullen FIVE and Mullen FIVE RS.

To secure the supercar's status, the car will also feature an updated powertrain, targeting a 0-60 mph time of less than 2.0 seconds and a top speed of more than 200 mph.

Qiantu inks deal with Mullen to tap US market, K50 supercar to be rebranded as Mullen GT and GTRS

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Buick launches Electra E4 electric SUV in China at competitive pricing

The Buick Electra E4 starts at RMB 189,900 in China, with deliveries set to begin in July.

(Image credit: Buick)

General Motors' Buick brand has clearly adapted to the competitive Chinese electric vehicle (EV) market, launching its second model built on GM's Ultium platform at a competitive price and fast delivery pace.

Buick officially made the Electra E4, an all-electric coupe SUV, available in China yesterday, just two months after the launch of the Electra E5, its first model built on the Ultium platform.

The Buick Electra E4 is available in four versions in China, starting at RMB 189,900 ($26,520), RMB 209,900, RMB 219,900 and RMB 259,900 respectively.

For comparison, the Model Y, the best-selling electric SUV in China, starts at RMB 263,900 and the EC7, 's coupe SUV, starts at RMB 458,000.

The model will gradually become available in showrooms and its delivery will begin in July, Buick said.

The car is an all-electric coupe SUV with a length, width and height of 4,818 mm, 1,912 mm and 1,581 mm, respectively, and a wheelbase of 2,954 mm.

For comparison, the Electra E5 measures 4,892 mm in length, 1,905 mm in width and 1,655 mm in height, and has a wheelbase of 2,954 mm.

The Buick Electra E4 is available in two power versions, the dual-motor version with a maximum output of 143 kW for the front electric motor and 68 kW for the rear electric motor, accelerating from 0 to 100 km/h in 6.2 seconds.

Its single-motor version features a front motor with a maximum output of 150 kW.

The Buick Electra E4 is powered by a ternary lithium-ion battery supplied by a joint venture between and SAIC, with a 65-kWh pack for the standard range version and a CLTC range of 530 km. Its long-range version has a pack capacity of 79.7 kWh and a CLTC range of 620 km.

Buick is one of the most aggressive in embracing the transition to electrification in the Chinese auto industry. It launched the Electra E5 on April 13, offering five versions with starting prices of RMB 208,900, RMB 222,900, RMB 225,900, RMB 239,900, and RMB 278,900 respectively.

On April 25, Buick announced that the Electra E5 received more than 8,000 orders after 12 days on the market.

On May 29, SAIC Motor, a joint venture between GM and SAIC, said the first deliveries of Electra E5 vehicles had begun, but did not announce the number of deliveries.

($1 = RMB 7.1614)

Buick Electra E5 gets over 8,000 orders in less than 2 weeks after launch in China

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HiPhi begins accepting pre-orders for HiPhi X and HiPhi Z in Europe, deliveries to begin in Q3

HiPhi's third model, the HiPhi Y, which will be launched in China on July 15, will also be introduced to the European market soon and will be available for pre-order there by the end of the year.

HiPhi begins accepting pre-orders for HiPhi X and HiPhi Z in Europe, deliveries to begin in Q3-CnEVPost

(Image credit: HiPhi)

Chinese premium electric vehicle (EV) maker Human Horizons' HiPhi brand has announced the European pricing of its models and started accepting pre-orders.

HiPhi began accepting reservations for the HiPhi X and HiPhi Z from local consumers in Germany and Norway, with first deliveries of the vehicles expected to begin in the third quarter, it announced yesterday.

The HiPhi showroom at Munich International Airport in Germany will open shortly, and the first HiPhi X and HiPhi Z have completed their license plate registration in Germany, allowing consumers to visit the showroom to experience the vehicles and book test drives, it said.

The HiPhi X six-seater and four-seater versions start at 109,000 ($119,000) euros and 123,000 euros respectively in Germany. In Norway, they start at NOK 1,164,000 ($108,690), NOK 1,326,000 respectively.

The HiPhi Z starts at 105,000 euros for the five-seat version in Germany and 107,000 euros for the four-seat version. In Norway, they are NOK 1,110,000, NOK 1,143,000 respectively.

HiPhi begins accepting pre-orders for HiPhi X and HiPhi Z in Europe, deliveries to begin in Q3-CnEVPost

(Image credit: HiPhi)

Human Horizons launched 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 ($79,450) in China for the six-seat version and up to RMB 800,000 for the four-seat version.

In August 2022, the HiPhi Z, the second model under the HiPhi brand, went on sale. The model is available in five-seat and four-seat versions, with starting prices of RMB 610,000 and 630,000 yuan in China, respectively, and deliveries began at the end of January.

The HiPhi X is powered by dual motors with a maximum output of 440 kW and accelerates from 0 to 100 km/h in 3.9 seconds.

The car is equipped with a battery pack with a capacity of 97 kWh and a CLTC range of 560 km.

The HiPhi Z is equipped with dual motors with a maximum output of 494 kW and accelerates from 0 to 100 km/h in 3.8 seconds.

The car is equipped with a 120-kWh battery pack and has a CLTC range of up to 705 km.

HiPhi begins accepting pre-orders for HiPhi X and HiPhi Z in Europe, deliveries to begin in Q3-CnEVPost

(Image credit: CnEVPost)

Both models have received EU certification from the TÜV Nord Group for sale in Europe, HiPhi said yesterday.

In Europe, consumers in Germany and Norway will be the first to experience HiPhi's new driving experience, said Mark Stanton, co-founder, CTO and president of Human Horizons Europe.

With Germany and Norway as the starting point, Human Horizons will expand its business to more countries and regions, he said.

The HiPhi Y, the third model of the HiPhi brand, will be launched on July 15 in China, and it will also be introduced to the European market soon and will be available for pre-order by European consumers by the end of the year, the company said.

The HiPhi Y was included in the latest list of models that will be allowed to be sold in China, announced by the Chinese Ministry of Industry and Information Technology (MIIT) on February 13.

The HiPhi Y will have a single-motor and a dual-motor version, with the single-motor version having a maximum motor power of 247 kW. Its dual-motor version has an additional front motor with a maximum power of 124 kW, according to the filing.

HiPhi was finalizing the pricing for the HiPhi Y series, with the 560 km range version expected to be set at RMB 369,000 to start, said Xu Bin, HiPhi's brand and communications manager, on May 24.

($1 = EUR 0.9160, $1 = NOK 10.7093, $1 = RMB 7.1745)

Saudi Arabia signs $5.6 billion deal with Chinese EV maker Human Horizons

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Polestar partners with Geely’s Meizu to make in-car operating system that caters to Chinese consumers

Polestar will own 49 percent of the joint venture, with Xingji Meizu holding the remaining 51 percent.

(Image credit: CnEVPost)

After acquiring smartphone maker Meizu last year, is integrating it with car brands under its umbrella.

Swedish electric vehicle (EV) maker Polestar said today it has formed a joint venture with Xingji Meizu to build an operating system for Polestar cars sold in China.

Polestar will own 49 percent of the joint venture, with Xingji Meizu holding the remaining 51 percent, according to a statement.

The joint venture will build on Xingji Meizu's existing operating system, Flyme Auto, for Polestar's smart operating system, Polestar OS, for the Chinese market.

The system can be integrated with cell phones, augmented reality smart terminals and user service applications to create a borderless digital ecosystem, Polestar said.

China is one of the fastest-growing EV markets in the world, with distinct consumer trends, notably the deep integration of consumer electronics and cars, said Polestar CEO Thomas Ingenlath.

Through this partnership, Polestar and Xingji Meizu will provide Chinese customers with an experience that exceeds expectations, he said.

Originally a brand acquired by Volvo Cars, Polestar became independent with joint funding from Geely and Volvo, focusing on premium EVs and based in Gothenburg, Sweden.

In June 2022, Polestar went public on NASDAQ through a merger with a SPAC (Special Purpose Acquisition Company).

Currently, Polestar's models are all produced in Chinese factories.

Meizu was one of the first smartphone manufacturers in China, founded in 2003, and became one of the best-known phone makers in the smartphone era. However, the company's market share has declined severely over the past few years.

On July 4, 2022, Hubei Xingji Shidai Technology, a cell phone company founded by Eric Li, founder and chairman of carmaker Zhejiang Geely Holding Group, announced the completion of its acquisition of a majority stake in Meizu.

Xingji acquired a 79.09 percent controlling interest in Meizu and gained sole control of the company.

Last November, Meizu released the system, called Flyme Auto, saying it was a continuation of the Flyme mobile operating system for the smart cockpit.

In March, the Xingji Meizu Group was officially launched, and its executives announced at the time that the company would focus on mobile and in-car systems, XR technology and forward-looking technologies going forward.

With the new joint venture, Polestar is no longer an EV company, but a technology company with multiple smart terminals, including cars and phones, Xingji Meizu CEO Shen Ziyu said today.

Polestar 4 launched in China with starting price of $50,870

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