Two CLTC cruising ranges are offered: 430 km and 630 km.
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Tagged: China
Lynk & Co 08 PHEV officially unveiled in China with OS from Meizu
The Lynk & Co 08 is ready for the Chinese market with PHEV system and without grille.
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CPCA expects China’s Mar NEV retail sales to rise 27.5% from Feb to 560,000 units
The overall market is recovering at a slower pace than previously expected due to increased consumer wait-and-see sentiment caused by big price cuts, the CPCA said.
The China Passenger Car Association (CPCA) expects China's new energy vehicle (NEV) sales to continue to recover this month from last month, although growth in the overall passenger car market remains slow.
Retail sales of passenger vehicles in China are expected to be 1.59 million units in March, flat from a year ago and up 14.5 percent from February, the CPCA said in a report late last night.
Among them, retail sales of NEVs are expected to be 560,000 units, up 25.8 percent from a year ago and up 27.5 percent from February, with a penetration rate of 35.2 percent, according to the report.
In mid-March, the overall market discount rate for passenger cars in China was about 14.4 percent, up from 13.9 percent at the end of February, indicating intense price competition in sales channels, the report said.
The Chinese car market performed poorly in January-February amid multiple unfavorable factors, and demand began to be released in March, the CPCA said.
However, the overall market recovered at a slower pace than previously expected due to increased consumer wait-and-see sentiment caused by car companies' price-cut marketing, the report said.
Large discounts offered by car companies in Hubei province in early March attracted a lot of consumer attention, but at the same time led to a wait-and-see mood among consumers in other provinces and cities, the CPCA said.
Other local governments have since introduced subsidy policies and car brands have followed suit with promotions, which have boosted store traffic but limited actual order conversion, the CPCA said.
Consumer wait-and-see sentiment further increased, negatively impacting the auto market, the report said.
Average daily retail sales for major Chinese automakers in the first and second weeks of March were 31,500 and 36,700, down 16 percent and 18 percent year-on-year, respectively, according to the report.
Average daily retail sales in the third week are expected to be 40,800, up 10 percent year-on-year, mainly due to a low base from last year as a result of the Covid outbreak in the same period last year.
Considering the upward pulse of car sales at the end of the quarter and promotional policies in some regions, the auto market is expected to maintain its rebound in the fourth and fifth weeks, the CPCA said.
The CPCA usually releases estimates of passenger vehicle sales at the end of the month, with preliminary data released early the following month, followed by final data.
It estimated February NEV retail sales in China at around 400,000 units on February 22, released a preliminary figure of 438,000 units on March 7, and released a final figure of 439,000 units on March 8.
CAAM calls for return to normal order in China's auto industry as price war disrupts sector
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Avatr 11 single-motor version from Changan, Huawei, and CATL launched in China
The new car has a starting price of $46,560 and will be available in Huawei stores from April 1.
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BYD’s Denza aims to sell 10,000 N7 electric SUVs monthly, interior unveiled
Denza N7 is the hottest EV in China right now. Mercedes owns 10% of Denza, BYD 90%.
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BYD’s YangWang U8 electric SUV spotted in the streets of Shanghai without camo
$110,000 off-road SUV that can drive sideways will have public debut in April.
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Tesla recalls 2,649 more imported Model S in China due to risk of frunk lid opening while driving
The frunk lid of the vehicles in the recall could suddenly open while the vehicle is in motion, increasing the risk of a crash.
(Image credit: CnEVPost)
Tesla has expanded a late 2021 recall to cover more imported Model S electric vehicles due to the risk of their front trunks (frunks) opening unexpectedly while the vehicle is in motion.
Tesla is recalling a total of 2,649 imported Model S vehicles with production dates between October 14, 2015, and August 23, 2020, effective immediately, according to an announcement on China's State Administration for Market Regulation (SAMR) website today.
The recall is an expansion of a recall issued on December 31, 2021, the announcement said.
Vehicles subject to this recall may have a slightly backward alignment of the front trunk latch to the buckle, which does not affect the locking of the primary latch, but may affect the locking of the secondary latch.
If the secondary latch is not locked when the primary latch is accidentally released, the frunk lid may suddenly open while the vehicle is in motion.
If this happens, it will affect the driver's view, increasing the risk of a crash and posing a safety hazard, the announcement said.
Tesla will inspect the secondary locking latch on the frunk lid for the recalled vehicles for free. If the frunk lid is found not to be properly locked by the secondary locking latch, the frunk latch will be repositioned and reinstalled to ensure it is properly positioned.
Owners should drive their vehicles with caution prior to the repair and contact the service center for service as soon as possible after the recall begins, the announcement said.
In the recall announced on December 31, 2021, Tesla recalled 19,697 imported Model S vehicles with production dates between January 21, 2015, and November 18, 2020, because of the risks described above.
In addition, Tesla recalled 35,836 imported Model 3s and 144,208 China-made Model 3s at that time because of the risk of excessive wear on the trunk wiring harness, which could cause the back-up camera to not work properly.
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The eD1 Mini is a cute delivery truck aimed at reducing logistics costs
The eD1 Mini has a 100-km range and a literal desk in the cabin. It has some strong ambitions to reduce the cost of the last-mile delivery.
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First NIO House in Netherlands opens
NIO co-founder and president Qin Lihong attended the ribbon-cutting ceremony for the opening of the NIO House in the Netherlands. | NIO US | NIO HK | NIO SG
(NIO co-founder and president Qin Lihong (first from left) attended the ribbon-cutting ceremony for the opening of the first NIO House in the Netherlands.)
NIO (NYSE: NIO) has opened its first flagship showroom in the Netherlands after the company teased the move earlier this week.
The first NIO House in the Netherlands opened on March 23, and it is located at Meent 80-84 in Rotterdam, the country's second-largest city, according to an article published yesterday in the European edition of the NIO App.
The NO House consists of seven main areas, including a vehicle display area, as well as areas for NIO users to relax and interact with the community.
In the vehicle display area, local visitors can experience NIO's three models, the ET7, EL7 and ET5. The EL7 is known as the ES7 in China.
The opening of the first NIO House in the Netherlands is an important moment for the company, which aims to be more than just electric driving; it welcomes everyone, said Ruben Keuter, general manager of NIO Netherlands.
The first image in the NIO App article shows the company's co-founder and president, Qin Lihong, at the ribbon-cutting ceremony for the opening of the NIO House.
The NIO Houses are NIO's flagship showrooms, which function to display and sell vehicles while providing a space for NIO owners to live a quality lifestyle. The company's showroom also includes the smaller NIO Spaces.
On October 1, 2021, NIO opened its first NIO House in Norway, its first such facility in Europe.
NIO released data on March 1 showing that as of the end of February, it had 101 NIO Houses worldwide, including 99 in China and two in Europe.
As of February 28, NIO had 296 NIO Spaces worldwide, including 290 in China and six overseas.
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Li Auto sees cumulative deliveries exceed 300,000 units
This means Li Auto has seen more than 10,905 deliveries so far this month.
(Image credit: Li Auto)
Li Auto (NASDAQ: LI) saw cumulative vehicle deliveries top 300,000, meaning it has delivered more than 10,000 vehicles so far this month.
Li Auto delivered the Li L9, Li L8 and Li L7 to three owners at its Beijing delivery center on March 24, bringing cumulative deliveries to more than 300,000 vehicles, the company announced today.
Li Auto achieved its 300,000th vehicle delivery in 39 months since it officially began delivering vehicles in December 2019, the fastest among China's homegrown new luxury carmaker brands, it said.
Li Auto delivered 15,141 and 16,620 vehicles in January and February, respectively, for a cumulative total of 289,095 deliveries as of the end of February, according to data monitored by CnEVPost.
The latest development means that as of today, Li Auto has delivered more than 10,905 units so far this month. The company is expected to announce March's delivery figures on April 1.
Li Auto's local peer NIO (NYSE: NIO) saw its 300,000th vehicle delivered in February, but did not publicly market it.
NIO delivered 12,157 vehicles in February, bringing cumulative deliveries through the end of February to 310,219.
Li Auto's models currently on sale have gained close to 20 percent market share in the RMB 300,000 ($43,810)-500,000 price range, making it the luxury SUV brand of choice for families, the company said.
Li Auto's current offerings are all extended-range electric vehicles (EREVs) with an all-electric range of about 200 kilometers and the ability to refuel.
On March 22, William Li, founder, chairman and CEO of NIO, said at a forum that the company had delivered more than 310,000 units as of February this year, accounting for more than 66 percent of the premium EV market in January and February.
All of NIO's current models are pure electric models and are aimed at a market with a price tag of more than RMB 300,000.
Li Auto does not currently have any pure electric models and its first such model will be an MPV, which is expected to be released by the end of the year.
In terms of technology development, Li Auto continues to invest in R&D and has achieved in-house development and production of core components such as range-extender and XCU central domain controller, the company said today.
Li Auto insists on in-house R&D in assisted driving systems and makes models equipped with assisted driving systems as standard, it said.
As of March 23, Li Auto's in-house developed AD smart driving system has accumulated more than 550 million kilometers, including more than 100 million kilometers for the NOA navigation assisted driving system, it said.
($1 = RMB 6.8473)
Li Auto to build charging stations at 'NIO pace', report says
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