The price of the new BYD Seal has decreased by about 10%, and currently, the monthly sales of the old Seal are about 6,000.
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The price of the new BYD Seal has decreased by about 10%, and currently, the monthly sales of the old Seal are about 6,000.
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China's overall auto market sales in April were basically flat from last month. Many ICE companies have adjusted their prices in response to market shocks from EVs.
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The Chaser 07 is about the same size as the BYD Han PHEV and will target the RMB 200,000 to 250,000 hybrid market.
BYD (OTCMKTS: BYDDY) unveiled the Chaser 07 hybrid sedan at the Shanghai auto show, and now a regulatory filing reveals more information about the model.
China's Ministry of Industry and Information Technology released the latest batch of models that will be allowed to be sold in a catalog for public comment on May 9, and the BYD Chaser 07 was included.
The public can submit feedback between May 10 and May 16. Entry into the catalog is the last major regulatory process for a model to be allowed to be sold in China.
There are four versions of the Chaser 07 in the catalog, all of which are plug-in hybrid electric vehicles (PHEVs).
Two of them have a 1498 ml displacement engine with a peak power of 81 kW, and they are equipped with an electric motor with a peak power of 145 kW.
The other two versions have a 1497 ml displacement engine with a peak power of 102 kW. They both have an electric motor with a peak power of 160 kW.
The length, width and height of the BYD Chaser 07 are 4,980 mm, 1,890 mm and 1,495 mm, respectively, with a wheelbase of 2,900 mm, according to the filing.
For comparison, the hybrid version of 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.
On the first day of the Shanghai auto show on April 18, BYD officially unveiled the Chaser 07, a new model of its Ocean series, with a starting price of RMB 200,000 ($29,090) to RMB 250,000.
The Chaser 07's NEDC pure electric range will have two options of 121 km and 200 km, according to the information BYD announced at the time.
The model will be officially launched in the third quarter.
($1 = RMB 6.9244)
BYD unveils Song L concept SUV, Chaser 07 hybrid sedan at Shanghai auto show
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The Yangwang U8 has a total weight of 3,985 kg and is equipped with four electric motors, each having a maximum power of 220 kW.
Yangwang, the premium brand of BYD (OTCMKTS: BYDDY), started pre-sales of its first model, the U8, at the Shanghai auto show last month, but did not reveal much about the off-road SUV's specifications. Now, a regulatory filing has revealed more information.
China's Ministry of Industry and Information Technology released the latest batch of models that will soon be allowed to be sold in a catalog for public comment on May 9, and the Yangwang U8 was included.
The public can submit feedback between May 10 and May 16. Entry into the catalog is the last major regulatory process for a model to be allowed to be sold in China.
The Yangwang U8 has only one model, the "QCJ2040ST6HEV", in the catalog, which includes information on its exterior, dimensions and powertrain.
The model has a length, width and height of 5,319 mm, 2,050 mm and 1,930 mm, respectively, and a wheelbase of 3,050 mm, according to its filing page.
It has a total weight of 3,985 kg and a top speed of 200 km/h.
The Yangwang U8 uses a plug-in hybrid system with a 2.0 T displacement engine and a maximum power of 200 kW.
It is powered by four electric motors, each with a peak power of 220 kW.
The model has 5-seat and 7-seat versions and supports the option of tow hook, according to the filing.
Yangwang U8 will be equipped with lithium iron phosphate batteries provided by BYD's power battery division FinDreams, although the capacity information is currently unknown.
BYD officially launched the Yangwang brand on January 5 and unveiled the first two models -- Yangwang U8 and Yangwang U9 supercar.
The U8, the first production model of the Yangwang brand, was available for pre-sale on April 18, the day of the Shanghai auto show, with a pre-sale price of RMB 1,098,000 ($158,700).
The model takes 3.6 seconds to accelerate from 0 to 100 km/h and has a CLTC pure electric range of 180 km, according to information previously announced by Yangwang.
The Yangwang U8 is available in two versions for pre-order -- the Premium Edition, which will begin deliveries in September, and the Off-road Master Edition, which will start deliveries later.
($1 = RMB 6.9204)
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Capable of towing 2500 kg, the Yangwang U8 would definitely be throwing its weight around.
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GM's Chinese joint venture SGMW goes after BYD.
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Fuel consumption is 3.9L/100 km, while acceleration from 0-100 km/h happens in 7.9 seconds.
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In the first quarter, Changan and Geely ranked third and fourth, respectively, in China in terms of retail vehicle sales.
(Image credit: Geely)
It's interesting to see tow of China's largest automakers announce a cooperation agreement, even though they are rivals.
Zhejiang Geely Holding Group and Chongqing Changan Automobile signed a strategic cooperation framework agreement on May 9, according to press releases issued today by the two companies.
The two sides will launch strategic cooperation in areas including new energy, intelligence, new energy power, overseas market expansion, and mobility to jointly promote the upward development of Chinese brands, according to their press releases.
This this will help create a better consumer and travel experience for users and help transform and upgrade the Chinese auto industry and develop with high quality, the two companies said.
Changan chairman Zhu Huarong, Geely chairman Eric Li, and Fu Bingfeng, executive vice-president of the China Association of Automobile Manufacturers (CAAM) attended the signing ceremony.
Changan and Geely are excellent representatives of Chinese auto companies, and the open cooperation between the two is conducive to building the image of Chinese auto brands and spawning industry synergies, said Fu.
Intelligence and electrification are the focus of the strategic cooperation between Geely and Changan.
In the field of new energy, the two sides will cooperate on battery cells, charging technology, battery swap technology, new energy vehicle (NEV) product safety, and new energy industry layout.
In the field of intelligence, they will cooperate around chip, operating system, vehicle system interconnection, high-precision map and autonomous driving.
The two sides will also work together on power platform and power technology, explore cooperation in overseas development and mobility ecology, and cooperate in the fields of industrial internet, block chain and carbon trading.
The two companies will work together to enhance their core competitiveness and help Chinese vehicles enter the middle and high end of the global automotive value chain, said Geely's Li.
Neither Geely nor Changan -- which ranks in the top five in Chinese auto sales -- provided more details on their partnership in their press releases.
In the first quarter, Changan sold 302,898 vehicles at retail, making it the No. 3 brand in China for the period, according to the China Passenger Car Association (CPCA).
Geely ranked fourth with retail sales of 269,701 units in the first quarter. The top two were BYD and FAW-Volkswagen, with retail sales of 508,706 and 368,762, respectively.
Geely Galaxy brand officially launched, to roll out 7 models by 2025
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China will implement the China 6b emissions standard on July 1, although some models will be given a six-month sales transition period.
(Image credit: CnEVPost)
Chinese authorities confirmed in an official document that a new emissions standard will go into effect on July 1 as scheduled, but provided an additional six-month sales period for some internal combustion engines (ICE) vehicles based on the existing standard.
In a joint announcement issued today, five ministries, including China's Ministry of Industry and Information Technology and Ministry of Ecology and Environment, said that China will implement the China 6b emissions standard nationwide starting July 1, when the production, import and sales of vehicles that do not meet the standard will be banned.
For some of the models with "monitoring only" results in the Real Driving Emissions (RDE) test report, they will be given a six-month sales transition period until December 31, 2023, according to the announcement.
The move is to implement the requirements of the China 6 emissions standard, as well as China's policy to stabilize and expand vehicle consumption, the announcement said.
China released the final rule for Stage 6 light-duty vehicle emission limits and measurement methods (China 6 standard) in December 2016, a new standard that combines best practices from European and US regulatory requirements.
The standard is being implemented in two phases, with the 6a standard already taking effect on July 1, 2020, and the 6b standard coming into effect on July 1, 2023.
In March, price wars were the most talked about topic in China's auto industry, and the impending entry into force of the 6b standard was seen as an important factor.
On March 23, China's Auto Dealers Chamber of Commerce (CADCC) called on regulators to delay the start of implementation of the China 6b emissions standard.
Since the beginning of the year, the CADCC has received feedback from many auto dealer groups that they are under significant pressure to survive the impending full implementation of the China 6b emissions standard.
A study covering nearly 100 dealership groups showed that nearly 98.89 percent of them strongly recommended that China delay implementation of the China 6b emissions standard until January 1, 2024, the CADCC said at the time.
Notably, following the release of the latest announcement, the China Association of Automobile Manufacturers (CAAM) said in an article on its website that the new policy would help the Chinese auto market recover steadily.
Since the release of the China 6 standard, most car companies have been developing and producing products in accordance with the standard, which amounts to an early implementation of the China 6b standard, the CAAM said, adding that to date, more than 95 percent of light-duty vehicles have met the China 6b standard.
As of the end of January, there were more than 1.89 million vehicles in stock in China that did not meet the RDE requirements, and if purchased parts are included, then there are more than 2 million such vehicles in stock, the CAAM said.
The CAAM submitted a proposal for a six-month sales transition period for light-duty vehicles with "monitoring only" RDE test results to ease the difficulties faced by China's auto industry, according to the article.
"We hope that after the release of the policy, companies will uphold the principle of fair market competition, plan their layout rationally and complete the switchover and sale of their products as soon as possible," the CAAM said.
China's transition to new emission standard: How will this affect auto market?
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Every car produced, imported, or sold after July 1 must comply with the 6b norm.
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