Category: Product Launch

Mercedes-Benz launches EQE SUV in China, prices start at $68,660

The EQE SUV is priced at about half the price of the EQS SUV that Mercedes-Benz launched in China on February 21.

Mercedes-Benz launches EQE SUV in China, prices start at $68,660-CnEVPost

(Image credit: Mercedes-Benz)

Mercedes-Benz has launched a new electric SUV in China that is about half the price of the more expensive EQS SUV it launched earlier this year, trying to capitalize on the opportunities presented by the rapid growth of the world's largest electric vehicle (EV) market.

Mercedes-Benz's joint venture in China, Beijing Benz, let the EQE SUV go on sale on May 27, based on the EVA all-electric platform, the 12th model produced by the German luxury carmaker in China.

The vehicle is available in four versions in China, with starting prices of RMB 486,000 ($68,660), RMB 510,000, RMB 564,600 and RMB 630,600 respectively.

That price is roughly half that of the EQS SUV that Mercedes-Benz launched in China on February 21, which was offered in two versions starting at RMB 910,500 and RMB 1,100,500 at launch.

The EQE SUV measures 4,880 mm in length, 2,032 mm in width and 1,679 mm in height, with a wheelbase of 3,030 mm.

Mercedes-Benz launches EQE SUV in China, prices start at $68,660-CnEVPost

In terms of powertrain, the model is available in two versions, 350 4MATIC and 500 4MATIC, with electric motors of 215 kW and 300 kW respectively, and they accelerate from 0 to 100 km/h in 6.8 seconds and 5.1 seconds respectively.

The EQE SUV comes standard with a battery pack with a capacity of 96.1 kWh and a maximum CLTC range of 613 km.

The vehicle supports a maximum charging power of 128 kW, and the minimum time required to increase the range from 10 percent to 80 percent is 48 minutes.

The vehicle supports the Adaptive Damping System Plus (ADS+) and AIRMATIC options.

Mercedes-Benz launches EQE SUV in China, prices start at $68,660-CnEVPost

For comparison, the EQS SUV measures 5,137 mm in length, 1,965 mm in width and 1,721 mm in height, and has a wheelbase of 3,210 mm. It can accelerate from 0 to 100 km/h in 6.2 seconds.

The launch of the EQE SUV comes at a time when Mercedes-Benz's performance in the Chinese EV market has been lukewarm.

In the China Passenger Car Association's (CPCA) ranking of car companies' new energy vehicle (NEV) sales in China, Mercedes-Benz never made it.

On November 15, 2022, Mercedes-Benz announced a reduction in the suggested retail prices of some EQ series models by up to RMB 237,600 to boost sales.

($1 = RMB 7.0782)

Mercedes-Benz slashes EQ series prices in China by up to $33,740

Mercedes-Benz launches EQE SUV in China, prices start at $68,660-CnEVPost

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SAIC-GM-Wuling launches new mini EV Yep, prices start at $11,290

The Baojun Yep is available in two versions, with the pricier one equipped with a smart driving system developed by SAIC-GM-Wuling with drone maker DJI.

(Image credit: SAIC-GM-Wuling)

SAIC-GM-Wuling today officially launched its new electric vehicle (EV), the Yep, the latest addition to its line of mini EVs.

The Yep is available under SAIC-GM-Wuling's Baojun brand in two versions, starting at RMB 79,800 ($11,290) and RMB 89,800 respectively.

The Baojun Yep looks somewhat similar to the Suzuki Jimny, and SAIC-GM-Wuling said the model uses the Square Box design language to target the needs of younger customers.

The length, width and height of the Baojun Yep are 3,381 mm, 1,685 mm and 1,721 mm respectively, with a wheelbase of 2,110 mm.

For comparison, the Hongguang Mini EV, another SAIC-GM-Wuling model, measures 3,059 mm in length, 1,521 mm in width and 1,614 mm in height, with a wheelbase of 2,010 mm.

The Baojun Yep is powered by a permanent magnet synchronous motor with a peak power of 50 kW and a peak torque of 140 Nm.

The model has a battery pack capacity of 28.1 kWh and a CLTC range of 303 km.

It supports fast charging and can go from 30 percent to 80 percent in 35 minutes.

The Baojun Yep with a starting price of RMB 89,800 is equipped with the Lingxi intelligent driving system announced in August 2022 by SAIC-GM-Wuling and DJI Automotive, the automotive division of drone manufacturer DJI.

The system is based on SAIC-GM-Wuling's "Emotion Engine" concept, which focuses on urban mobility scenarios, SAIC-GM-Wuling previously said.

The Lingxi intelligent driving system takes advantage of DJI's technological strengths in the field of binocular cameras and is based on the latter's algorithms in the field of vision perception and experience in vision perception systems for drones.

SAIC-GM-Wuling's 2023 Baojun KiWi EV is the first model to use the system.

Equipped with the Lingxi system, the Baojun Yep allows users to turn on intelligent driving with a single click, enabling functions including obstacle recognition and response, and intelligent speed regulation in curves.

The model is also equipped with smart parking assist, which enables full-scene automatic parking.

Baojun previewed the model on May 9, when it also shared images and a video of the two-door pickup version of the Yep.

SAIC-GM-Wuling is a joint venture between SAIC Group, General Motors and Liuzhou Wuling Automobile, headquartered in Liuzhou, Guangxi Zhuang Autonomous Region in southwestern China.

It sells vehicles based on the GSEV (Global Small Electric Vehicle) architecture in China, including the Mini EV, KiWi EV, Nano EV, and Air EV. In addition to these pure electric models, SAIC-GM-Wuling also sells fuel-powered SUVs, MPVs, and vans.

In the small EV segment, in addition to the hot-selling Mini EV, SAIC-GM-Wuling launched the mini EV Air EV in China last December and the Binguo EV at the end of March this year.

Notably, SAIC-GM-Wuling has seen a decline in NEV sales so far this year, while other major NEV makers in China have seen sales growth.

In January-April, SAIC-GM-Wuling's NEV retail sales were 111,604 units, down 15.9 percent from 132,658 units in the same period last year, according to data from the China Passenger Car Association (CPCA).

As a comparison, saw sales increase 81.3 percent year-on-year to 702,608 units and China grew 61.5 percent year-on-year to 177,385 units during this period.

In an effort to boost sales growth, SAIC-GM-Wuling began allowing consumers to pay only for the body and rent the battery when purchasing the Mini EV on May 11, lowering the purchase threshold to RMB 19,800.

On May 22, SAIC-GM-Wuling announced a price cut of up to RMB 13,000 for the Hongguang Mini EV family, saying the move was in response to China's call to promote NEV consumption in rural areas.

($1 = RMB 7.0692)

Wuling cuts prices on its mini EVs by up to $1,850

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BYD launches 2023 Song Pro DM-i with lower prices and longer battery range

The 2023 Song Pro DM-i starts at RMB 5,000 less than the model's 2022 counterpart, but the two lower-priced versions come with larger battery packs.

(Image: video screenshot)

BYD (OTCMKTS: BYDDY) today launched yet another model facelift, and as it has been doing for past few months, it's making some specification upgrades while pricing them lower.

The model, called Song Pro DM-i Champion Edition, is offered in four versions starting at RMB 135,800 ($19,200), RMB 142,800, RMB 149,800 and RMB 159,800 respectively.

It has a battery range of 71 km for the lower-priced two versions and 110 km for the other two versions, with battery packs of 12.9 kWh and 18.3 kWh respectively.

For comparison, the previously on-sale BYD Song Pro DM-i has five versions with starting prices of RMB 140,800, 147,800, 154,800, 157,800 and 165,800 respectively, according to data monitored by CnEVPost.

The 2022 Song Pro DM-i includes three versions with a battery range of 51 km, and two versions with a battery range of 110 km, and they have a battery pack capacity of 8.3 kWh, 18.3 kWh respectively.

This means that the starting price of the 2023 BYD Song Pro DM-i has been reduced by RMB 5,000 and the battery range of the version with the smaller battery pack has been increased.

The BYD Song Pro DM-i Champion Edition measures 4,738 mm in length, 1,860 mm in width and 1,710 mm in height, and has a wheelbase of 2,712 mm.

The 2022 BYD Song Pro DM-i has a length, width and height of 4,650 mm, 1,860 mm and 1,700 mm, respectively, and a wheelbase of 2,712 mm.

The Song Pro DM-i Champion is powered by a 1.5L engine with a maximum power of 81 kW and a maximum torque of 135 Nm. It has an electric motor with a maximum power of 145 kW and a maximum torque of 325 Nm.

The time from 0 to 100 km/h is 8.3 seconds for the two less expensive versions and 7.9 seconds for the other two more expensive versions.

Chinese new energy vehicle (NEV) makers have generally faced weaker consumer demand so far this year, with the withdrawal of state purchase subsidies at the end of last year.

BYD has continued to roll out facelifts and offer lower starting prices in the past few months.

On March 16, BYD made the 2023 Han EV available for a starting price of RMB 209,800, down from RMB 219,800 for the model's 2022 version.

On May 10, BYD launched a revamped version of its all-electric Seal sedan, with a starting price of RMB 23,000 lower than the previously available model.

On May 18, the 2023 Han DM-i and Han DM-p models were launched in China with starting prices reduced by RMB 28,000 and RMB 32,000 respectively compared to the 2022 model.

BYD sold 210,295 NEVs in April, up 98.31 percent from 106,042 units in the same month last year and up 1.55 percent from 207,080 units in March.

BYD aims to sell at least 3 million vehicles this year and strives for 3.6 million, Wang Chuanfu, the company's chairman and president, said at a March 29 investor conference.

($1 = RMB 7.0719)

BYD aims to sell at least 3 million vehicles this year

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NIO officially launches new ES6, potentially lifting key factor holding back sales

has produced a batch of the new ES6 and deliveries will begin on May 25. Deliveries of customized vehicles will begin in mid-June.

(Image credit: CnEVPost)

NIO (NYSE: NIO) today officially launched the new ES6 in China, potentially lifting a key factor that has held back its sales over the past few months.

The electric vehicle maker is allowing consumers to lock in orders for the new ES6 starting today, and those interested can make appointments to test drive the model today, with first deliveries set to begin tomorrow.

Like NIO's other models based on the latest NT 2.0 platform, the new ES6 features strong power and assisted driving hardware. As NIO's least expensive SUV, the new ES6 has competitive pricing.

Including the battery, the new ES6 with a 75-kWh standard range battery pack starts at RMB 368,000 ($52,220), and for the 100-kWh version, it starts at RMB 426,000.

If consumers choose to purchase the car using NIO's BaaS (battery as a service) program, then the new ES6 starts at RMB 298,000, with a monthly rental fee of RMB 980 for the 75-kWh pack and RMB 1,680 for the 100-kWh.

Notably, that price is at the low end of the price range in a questionnaire NIO sent to some NIO App users on May 11 to solicit pricing opinions for the new ES6.

Its previous action was more like an intentional expectation management move so that potential consumers would not be disappointed with the final pricing.

Many other local automakers have similar strategies, such as (OTCMKTS: BYDDY), which typically announces pre-sale prices for new models and then announces lower final prices.

The new ES6 is also less expensive than the first generation of the model based on the NT 1.0 platform, which was previously offered in three versions with starting prices of RMB 386,000, 426,000 and 496,000 respectively.

NIO has begun production of the new ES6 based on the designer's recommended configuration combinations, and deliveries will begin on May 25 for consumers who purchase these vehicles, a post on the NIO App today said.

Consumers who wish to customize the vehicles can lock in their orders in the NIO App, and deliveries for these vehicles will begin in mid-June.

The new ES6 can accelerate from 0 to 100 km/h in 4.5 seconds under half-load conditions, with a distance of 34.5 meters from 100 km/h to the brake.

The new ES6 has a range of 490 km with the 75-kWh standard range battery pack and 625 km with the 100-kWh pack.

NIO's 150-kWh semi-solid-state battery pack, which will be put into use in July, will give the new ES6 a range of 930 km, according to William Li, the company's founder, chairman and CEO.

NIO is scaling back the benefits it offers consumers, announcing on April 10 that from June 1, consumers who purchase the NIO ET7, EC7, ES7 and ET5 will no longer continue to receive free home chargers, and the free battery swap benefit will be adjusted to four per month.

NIO has been providing consumers with free home chargers and four free battery swaps per month for the past several years. If consumers choose to forgo the free home charger, they will receive 6 free battery swaps per month under its current policy.

For the new ES6 and the new ES8, these benefit changes will begin on August 1.

For NIO, the new ES6 is crucial, as it is the least expensive of NIO's SUVs and has been its main seller for the past several years.

NIO launched the first-generation ES6 in December 2018 and began delivering the model in China in June 2019.

In 2019, NIO delivered 20,565 vehicles, including 9,132 ES8s and 11,433 ES6s, with the ES6 contributing 55.59 percent, according to data monitored by CnEVPost.

In 2020, the company delivered 43,728 vehicles, including 10,861 ES8s, 27,945 ES6s and 4,922 EC6s, with a 63.9 percent contribution from the ES6.

In 2021, NIO delivered 91,429 vehicles, including 20,050 ES8s, 41,474 ES6s and 29,905 EC6s, with a 45.36 percent contribution from the ES6.

Available data for 2022 show that from January to August, 32,877 units of ES6 were delivered, contributing 46 percent of NIO's total deliveries of 71,556 units during this period.

Potential consumers' wait for the new ES6 over the past few months may have been a critical factor in dampening NIO's sales, causing its April deliveries to fall to 6,658 units.

In the first three weeks of the month, NIO vehicles registered just 3,700 insurance units in China, data monitored by CnEVPost shows.

($1 = RMB 7.0473)

New NIO ES6 launch: Live updates

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New NIO ES6 launch: Live updates

is holding a launch event for the new ES6 in China, and this article is a live update from CnEVPost based on a live video stream.

NIO (NYSE: NIO) is holding a launch event for the new ES6 in China, and the following is a live update from CnEVPost based on a live video stream.

This post will be continuously updated until the end of the launch, with the latest content at the top.


NIO will open the City NAD function in a small scope in Shanghai in the near future.

The new ES6 comes standard with 23 safety and driver assistance features.

The new ES6 has a range of 490 km with the 75-kWh standard range battery pack and 625 km with a 100-kWh pack.

The new NIO ES6 can get a range of 930 km when equipped with the 150-kWh battery pack.

NIO's 150-kWh semi-solid-state battery pack will be available for use in July.

NIO develops these parts in-house because it can respond to user feedback more quickly.

The new ES6 is equipped with NIO's intelligent chassis controller, third generation continuous damping control system.

All of NIO's cars are built to the highest safety standards, said Li.

The new ES6 can accelerate from 0 to 100 km/h in 4.5 seconds under half-load conditions.

The new NIO ES6 is equipped with NIO's in-house developed high-performance 4-piston calipers, allowing the vehicle to brake from 100 km/h to stop in as short a distance as 34.5 meters.

The NIO ES6 will be known as the EL6 in Europe (because of the lawsuit by Audu).

The new NIO ES6 will be available in 10 exterior colors.

NIO invited several users to jointly present the new ES6 at the launch event, including an architect and an automotive media reporter, the first time it has done so for a new car launch.

William Li, Founder, Chairman and CEO of NIO, began his presentation.

NIO pins high hopes on new ES6 with unprecedented delivery efficiency and marketing campaign

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BYD launches facelifts of Han sedan’s hybrid variants with lower prices

This is 's latest move to further expand its market share by launching revamped models to make prices lower, following the launch of the 2023 Han EV, as well as the 2023 Seal.  |  BYDDY.US | BYD HK

(Image credit: BYD)

BYD (OTCMKTS: BYDDY) has released revamped models of the plug-in hybrid version of its flagship Han sedan to make it more affordable, similar to what it has done so far this year to expand its market share.

The new energy vehicle (NEV) giant today officially made the 2023 Han DM-i Champion and 2023 Han DM-p Warrior editions available in China, starting at lower prices while allowing for upgraded specifications.

The 2023 Han DM-i is available in six versions with starting prices of RMB 189,800 ($27,000), RMB 199,800, RMB 209,800, RMB 219,800, RMB 239,800 and RMB 249,800 respectively.

The previously available Han DM-i has 4 versions with starting prices of RMB 217,800, 227,800, 237,800 and 291,800 respectively.

This means that the starting price of the 2023 Han DM-i is reduced by RMB 28,000.

BYD's 2023 Han DM-p is only available in one version with a starting price of RMB 289,800.

The 2022 Han DM-p is also available in one version at a starting price of RMB 321,800. The price for the 2023 model was reduced by RMB 32,000.

Several BYD models are available in both pure electric and plug-in hybrid versions, with the latter sometimes include a DM-i version that focuses more on fuel economy and a DM-p version that focuses more on performance.

On March 16, BYD made the 2023 Han EV available for a starting price of RMB 209,800, down from RMB 219,800 for the model's 2022 version.

The BYD Han has a length, width and height of 4,975 mm, 1,910 mm and 1,495 mm, respectively, and a wheelbase of 2,920 mm.

The entry version of the 2023 Han DM-i can accelerate from 0 to 100 km/h in 7.9 seconds and the 2023 Han DM-p in 3.7 seconds.

The 2023 Han DM-i has two options for pure electric range, with an NEDC range of 121 km and 200 km. The model has a combined range of 1,260 km on full fuel and full charge.

The Han DM-p has an NEDC range of 200 km and a combined range of 1,120 km on a full fuel and charge.

Chinese NEV companies have generally faced weaker consumer demand so far this year, with the withdrawal of state purchase subsidies at the end of last year.

Many NEV makers have chosen to stimulate sales by cutting prices, and BYD has previously offered discounts for some of its models.

Unlike other peers, BYD's larger model matrix and vertical integration of its supply chain has allowed it to get prices lower by quickly rolling out facelifts.

On May 10, BYD made a revamped version of its all-electric Seal sedan available for sale, starting at RMB 23,000 less than the previously available model.

BYD sold 210,295 NEVs in April, up 98.31 percent from 106,042 units a year earlier and up 1.55 percent from 207,080 units in March, figures released by the company earlier this month showed.

The BYD Han family sold 14,329 units in April, up 6.77 percent year-on-year and 5.75 percent from March.

BYD Seal sold 6,212 units in April, up 3.53 percent from 6,000 units in March.

BYD aims to sell at least 3 million vehicles this year and strives to reach 3.6 million, the company's chairman and president Wang Chuanfu said at a March 29 investor conference.

($1 = RMB 7.0342)

BYD aims to sell at least 3 million vehicles this year

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Great Wall Motor’s Haval brand launches 2 new PHEVs to regain lost ground in SUV market

The Haval brand was for a long time the top-selling in the SUV market in China, but with the rapid growth of the NEV industry, it has lost its dominance to BYD.

Great Wall Motor's Haval brand launches 2 new PHEVs to regain lost ground in SUV market-CnEVPost

(Haval Xiaolong Max. Image credit: Haval)

Great Wall Motor's Haval brand was the top-selling SUV brand in China for a long time. However, with the rapid development of the new energy vehicle (NEV) industry, its dominance was replaced by BYD.

Now, the auto giant based in Baoding, Hebei province, has launched two new plug-in hybrid electric vehicles (PHEVs) in an attempt to regain its glory in the SUV market.

Haval launched the Xiaolong line of plug-in hybrid SUVs at an event yesterday, offering two models, the Haval Xiaolong and the Haval Xiaolong Max.

The Haval Xiaolong is a compact SUV with a length, width and height of 4,600 mm, 1,877 mm and 1,675 mm, respectively, and a wheelbase of 2,710 mm.

It is available in three versions starting at RMB 139,800 ($20,100), 149,800 and 156,800 respectively.

Great Wall Motor's Haval brand launches 2 new PHEVs to regain lost ground in SUV market-CnEVPost

(Haval Xiaolong.)

The Haval Xiaolong is powered by an engine with a displacement of 1.5 L and a front-mounted electric motor. The drive system has a maximum power of 185 kW and a maximum torque of 375 Nm.

The three models are available in 2 pure electric range versions, the lowest priced version with an NEDC range of 52 km and the other two with 110 km. Their fuel consumption per 100 km at WLTC conditions is 2.4 L, 1.39 L and 1.39 L respectively.

The Haval Xiaolong Max is a mid-size SUV with a length, width and height of 4,758 mm, 1,895 mm and 1,725 mm, respectively, and a wheelbase of 2,800 mm.

The vehicle is also available in three versions, with starting prices of RMB 159,800, 169,800 and 179,800 respectively.

The Haval Xiaolong Max comes standard with Great Wall Motor's Hi4 hybrid system unveiled on March 10, powered by a 1.5 L engine and dual front and rear electric motors, with a combined maximum system power of 205 kW and maximum torque of 585 Nm.

The car has an NEDC pure electric range of 105 km, a WLTC range of 83 km and a fast charging power of 33 kW.

Great Wall Motor's Haval brand launches 2 new PHEVs to regain lost ground in SUV market-CnEVPost

Both models seem to be aimed at competing with BYD's Song series, with the Haval Xiaolong targeting the market for the Song Pro DM-i series and the Haval Xiaolong Max for the Song Plus DM-i series.

For comparison, the BYD Song Pro DM-i has a length, width and height of 4,650 mm, 1,860 mm and 1,700 mm respectively, and a wheelbase of 2,712 mm.

The car is available in 2 battery range versions with NEDC electric range of 51 km and 110 km respectively, and the starting price is RMB 140,800.

The BYD Song Plus DM-i has a length, width and height of 4,705 mm, 1,890 mm and 1,680 mm respectively, and a wheelbase of 2,765 mm.

The car is available in 2 battery range versions with NEDC electric range of 55 km and 110 km respectively, and the starting price is RMB 154,600.

Haval was once the market leader in SUVs in China, with its Haval H6 being the best-selling SUV for many years.

Great Wall Motor's Haval brand launches 2 new PHEVs to regain lost ground in SUV market-CnEVPost

But in the past couple of years, with the rapid growth of China's NEV industry, BYD's Song series has replaced the Haval H6 as the best-selling SUV.

With 174,422 retail sales in China from January to April, the BYD Song series was the best-selling SUV during that period, up 76.5 percent from 98,809 units in the same period last year, according to data released earlier this month by the China Passenger Car Association (CPCA).

For comparison, the Haval H6 retailed 63,682 units from January to April, down 25.9 percent from 85,986 units a year ago, placing it fifth in the best-selling SUV sales rankings.

($1 = RMB 6.9525)

Full CPCA rankings: Top-selling models and automakers in China in Apr

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BYD launches revamped Seal with lower prices

The new BYD Seal starts at RMB 189,800, down RMB 23,000 from its predecessor's RMB 212,800.  |  BYDDY.US | BYD HK

(Image credit: BYD)

When price cuts are tricky, making the price lower by releasing a facelift becomes a better option to stimulate sales.

BYD (OTCMKTS: BYDDY) today officially made an improved version of its all-electric Seal sedan available for a starting price of 23,000 yuan ($3,320) less than the previous model on sale.

The new energy vehicle (NEV) giant calls the new Seal the "Champion Edition," in line with what it did earlier this year when it launched improved versions of several other models.

The new BYD Seal comes in five variants with starting prices of RMB 189,800, 202,800, 222,800, 239,800 and 279,800 respectively, marking the first time the model has been priced below RMB 200,000.

By comparison, the BYD Seal was previously available in four versions, with starting prices of RMB 212,800, 225,800, 262,800 and 289,800 respectively.

Previously the model was offered in three rear-wheel drive versions and one four-wheel drive version, with the former offering two with a CLTC range of 550 km and one with a range of 700 km, and the latter with a range of 650 km.

The latest BYD Seal has an additional, less expensive, rear-wheel-drive version with a range of 700 km. Its performance is lower, however, with a peak motor power of 170 kW and peak torque of 330 Nm.

The previously available rear-wheel drive version with a range of 700 km has been renamed the 700 km Performance Edition and is priced at RMB 239,800, down from RMB 262,800. It has a peak motor power of 230 kW and peak torque of 360 Nm.

The core specifications of the other versions remain unchanged from the previous version, but new features have been added, including support for the iPhone NFC digital car key.

The BYD Seal measures 4,800 mm in length, 1,875 mm in width and 1,460 mm in height, and has a wheelbase of 2,920.

It can accelerate from 0 to 100 km/h in 7.5 seconds for the entry version and 3.8 seconds for the 4WD version.

Both versions of the 550 km model are equipped with a battery pack with a capacity of 61.4 kWh, while all other versions have a capacity of 82.5 kWh.

The BYD Seal was originally launched in China on July 29, 2022 and is seen as one of the strongest rivals to the Model 3 in China.

Deliveries of the model began in August last year, with more than 15,000 units delivered in both November and December, data monitored by CnEVPost show.

But this year, with the overall weak performance of China's NEV market following the withdrawal of some stimulus policies and a price war, sales of the Seal have slumped, selling only about 6,000 units in each of the past two months.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

To boost sales, BYD began offering discounts for the Seal as well as the Song in early March and extended them through the end of April after that offer expired at the end of March.

BYD did not lower the official prices of the model, as such a move could easily lead to a bigger price war and protests from owners.

In fact, BYD isn't the only one to get prices down by releasing a facelift.

Hozon Auto's electric vehicle brand Auto yesterday launched two new variants of its flagship sedan Neta S, lowering the model's starting price by RMB 13,000 to under RMB 200,000.

The two new variants -- the all-electric Neta S 520 Lite and Neta S 520 -- start at RMB 189,800 and RMB 199,800 respectively.

The previously lowest-priced battery electric vehicle (BEV) version of the Neta S was the version with a CLTC range of 715 km, starting at RMB 248,800.

The Neta S is also available in an extended-range version with a starting price of RMB 202,800.

($1 = RMB 6.9273)

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Neta launches new variants of Neta S flagship sedan to bring price lower

Neta has launched two new variants of the Neta S with a shorter range and weaker performance, bringing the starting price of its flagship sedan down to under RMB 200,000.

Neta launches new variants of Neta S flagship sedan to bring price lower-CnEVPost

(Neta S on 2023 Shanghai auto show. Image credit: CnEVPost)

Price cuts are tricky in China's electric vehicle (EV) market, as they can spark protests from existing owners. So, launching lower-priced versions based on existing models has become one option for EV makers that need to boost sales.

Neta Auto, the EV brand owned by Hozon Auto, today launched two new variants of its flagship sedan, the Neta S, bringing the model's starting price down by 13,000 yuan ($1,880) to under RMB 200,000.

The new variants -- the all-electric Neta S 520 Lite and Neta S 520 -- start at RMB 189,800 and RMB 199,800 respectively.

As a comparison, the least expensive version of the Neta S previously on sale was a model with extended-range technology, starting at RMB 202,800.

The lowest-priced version of the pure electric Neta S was previously available in a version with a CLTC range of 715 km, starting at RMB 248,800.

The Neta S 520 Lite and Neta S 520 both have a CLTC range of 520 km and use a lithium iron phosphate battery pack with a capacity of 64.46 kWh.

These lower-priced Neta S BEVs can accelerate from 0 to 100 km/h in 7.4 seconds.

For comparison, the least expensive Neta S BEV with a range of 715 km uses a ternary lithium battery pack with a capacity of 84.50 kWh and can accelerate from 0 to 100 km/h in 6.9 seconds.

The Neta S 520 Lite and Neta S 520 are also weaker than the previously available Neta S BEV in some other specifications, such as the absence of a hands-free power tailgate.

Neta has been considered a budget EV maker since its inception, as its vehicles are priced primarily at the lower end of the market, with the Neta V and Neta U priced at around RMB 100,000 to RMB 150,000.

The Neta S is its first effort at the premium end of the market, officially launched in China on July 31, 2022.

Neta delivered 11,080 vehicles in April, up 25.72 percent from 8,813 in the same month last year and up 9.84 percent from 10,087 in March, according to data released earlier this month.

Neta S delivered 2,237 units in April, up 1.41 percent from 2,206 units in March.

In January-April, Neta delivered 37,256 vehicles, down 4.39 percent from 38,965 in the same period last year.

The Neta S delivered 8,008 units in January-April, for a cumulative total of 10,213 units since deliveries began last October, data monitored by CnEVPost show.

($1 = RMB 6.9240)

Neta delivers 11,080 vehicles in Apr, up 9.8% from Mar

Neta launches new variants of Neta S flagship sedan to bring price lower-CnEVPost

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NIO rumored to officially launch new ES6 on May 24

NIO will officially launch the new ES6 and announce the price on May 24, with deliveries expected to begin within days of the launch, according to local media.  |  NIO US | NIO HK | NIO SG

NIO rumored to officially launch new ES6 on May 24-CnEVPost

(Image credit: CnEVPost)

NIO (NYSE: NIO) unveiled the new ES6 on the first day of the Shanghai auto show on April 18, but did not announce an official launch date or price. Now, a new report provides additional information.

The new ES6 will be officially launched on May 24, and its price information will be announced at that time, local auto industry media D1EV reported on Thursday after visiting several NIO stores in Beijing.

The model's show cars will be available at NIO stores from the day of launch, and consumers who have recently reserved the car will be invited to test drive it in batches, according to the report.

Compared to the old ES6, the new model will keep only in the Sport version, with the previously available higher-priced Performance and Signature versions optimized to become the new ES7 model currently on sale, the report said.

Deliveries of the new ES6 will begin at the end of May, the report said, citing salespeople at NIO stores.

William Li, founder, chairman and CEO of NIO, unveiled the 2023 ET7 sedan and gave the debut of the new ES6 SUV based on the NT 2.0 platform at a brief launch event on the first day of the Shanghai auto show on April 18.

Li did not announce the SUV's exact specifications or pricing at the time, saying only that the model's official launch would be in late May.

Nevertheless, NIO has already started allowing consumers to reserve the model with a RMB 5,000 deposit.

In an interview with local media at the time, Li said that the delivery schedule for the new ES6 would be different from NIO's previous models and that deliveries would begin soon after the launch.

Pricing information for the new ES6 has not been released, and Li said in that interview that NIO would not engage in a price war, so the model's price would not be set particularly low.

For reference, the old ES6 based on the NT 1.0 platform was previously offered in three versions -- Sport, Performance and Signature -- with starting prices of RMB 386,000 ($55,840), 426,000 and 496,000 respectively.

For NIO, the new ES6 will be a model of strategic importance, as it will be the least expensive of NIO's SUVs.

From January to August 2022, 32,877 ES6 units were delivered, contributing 46 percent of NIO's total deliveries of 71,556 units during the period, according to figures monitored by CnEVPost from the company and the China Passenger Car Association (CPCA).

The new ES6 is now widely seen as being powerfully equipped and competitively priced, which has sparked discontent among some owners who previously purchased the ES7 SUV.

Last month, several ES7 owners formed a WeChat group to collectively express their dissatisfaction that the upcoming new ES6 means NIO has betrayed them.

Launched on June 15, 2022, the NIO ES7 is the company's second model based on the NT 2.0 platform and the first SUV on the second-generation platform.

The NIO ES7 is currently offered in two versions, priced at RMB 468,000 and 548,000 including the battery. If consumers choose to purchase using the battery rental service BaaS, the starting price is RMB 398,000.

NIO began deliveries of the ES7 on August 28, 2022, with a cumulative total of 15,123 units delivered by the end of January this year, according to data monitored by CnEVPost.

The NIO ES7 is similar in appearance and key specifications to the new NIO ES8, but smaller in size and less expensive. Previously, the model that sits behind the flagship ES8 in NIO's product array was the ES6.

Although NIO has not released information on the specifications of the new ES6, a regulatory filing in January has revealed the core specifications of the model.

The new NIO ES6 measures 4,854 mm in length, 1,995 mm in width and 1,703 mm in height, and has a wheelbase of 2,915 mm.

For comparison, the old ES6 is smaller, measuring 4,850 mm in length, 1,965 mm in width and 1,758/1,731 mm in height, with a wheelbase of 2,900 mm.

The new ES6 will be equipped with dual motors supplied by NIO's motor division XPT, with a maximum power of 150 kW and 210 kW respectively, the same as the ET5 sedan.

This specification is lower than the motors of the ES7, which has dual motors with a maximum power of 180 kW and 300 kW, respectively.

($1 = RMB 6.9120)

NIO suffers complaints from ES7 owners who believe upcoming new ES6 hurts their interests

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