Month: June 2023

GAC Aion posts record sales of 45,003 units in May, up 10% from Apr

Post author By Lei Kang/CnEVPost
Post date June 1, 2023

From January to May, GAC Aion sold 166,323 vehicles, an increase of 118.44 percent year-on-year.

GAC Aion, the new energy vehicle (NEV) subsidiary of GAC Group, sold a record 45,003 vehicles in May, the third consecutive month of more than 40,000 units, according to figures released today.

That's up 113.73 percent from 21,056 vehicles in the same month last year and up 9.73 percent from 41,012 vehicles in April.

From January to May, GAC Aion sold 166,323 vehicles, which represents a 118.44 percent increase over the 76,142 units sold in the same period last year, according to data monitored by CnEVPost.

GAC Aion is currently selling the Aion series, targeting the mass market, such as the Aion S sedan with a price range of RMB 139,800 (RMB 19,690 USD) to RMB 172,800.

On September 15, 2022 the company announced its new premium brand Hyper, and its first model, the Hyper SSR supercar, to enter the higher end of the market.

GAC Aion is offering two versions of the Hyper SSR, with the regular version priced at RMB 1.286 million in advance and capable of accelerating from 0 to 100 km/h in 2.3 seconds.

The other version, Hyper SSR Ultimate, is priced at RMB 1,686,000 and can accelerate from 0 to 100 km/h in 1.9 seconds.

The model, the fastest accelerating car on the planet, will begin mass production and delivery in October 2023, GAC Aion said at the time.

Pre-orders for the Hyper brand's second model, the Hyper GT sedan, began April 16 with a price range of RMB 219,900 to RMB 339,900.

(Image credit: CnEVPost)

Consumers can purchase the car using a leasing model similar to the NIO, which reduces the price of the car by RMB 70,000 for a monthly rental fee of RMB 980.

Positioned as an all-electric mid-to-large-size coupe, the Hyper GT is the brand's second model, measuring 4,880 mm in length, 1,885 mm in width and 1,455 mm in height, with a wheelbase of 2,910 mm.

The official launch date for the Hyper GT has not yet been announced.

($1 = RMB 7.0991)

GAC Aion sales in May: 45,003

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Tags GAC Aion, NIO

China Electric eMobility eV Tesla XPeng XPeng G6

XPeng to start pre-sales of G6 SUV on Jun 9

Post author By Phate Zhang/CnEVPost
Post date June 1, 2023

The G6 needs to be successful for XPeng to be truly relevant to the market again, Deutsche Bank analyst Edison Yu's team said earlier this week.

(Image credit: CnEVPost)

XPeng (NYSE: XPEV) will start pre-sales of the G6, a new SUV aimed at competing with Tesla's (NASDAQ: TSLA) Model Y, in a week's time.

Pre-sales for the XPeng G6 will begin on June 9, the Chinese electric vehicle (EV) maker announced today on Weibo, without giving any further details.

XPeng had previously pre-sold the P5 sedan. As per previous practice, it is expected to announce the G6's pre-sale price next week and the SUV's official price at the end of June.

The XPeng G6 will officially launch in June, with volume deliveries starting in July, and production capacity will climb rapidly, the company's management said in a May 24 analyst call after announcing first-quarter earnings.

The G6 will be a hot seller in China's new energy SUV market priced between 200,000 yuan ($28,150) and 300,000 yuan, and will enable XPeng's total deliveries to grow well above the industry's pace in the third quarter, the company said.

With about two months set aside for the G6 from the start of production to delivery, XPeng expects the model to reach more than double the sales of the P7i, its management said.

"With margins and cash burn looking materially worse following 1Q earnings, we believe management may be making its last stand with the G6," said Deutsche Bank analyst Edison Yu's team in a research note sent to investors on May 30.

Yu's team believes that XPeng management's words on the call indicate that the EV maker expects to sell 6,000-8,000 units of the G6 per month.

The G6 needs to be successful for XPeng to be truly relevant to the market again, Yu's team said.

XPeng unveiled a new architecture called SEPA (Smart Electric Platform Architecture) 2.0 at a technical conference in Shanghai on April 16, saying the G6 would be the first model built on the architecture.

On April 18, XPeng officially unveiled the G6 on the first day of the Shanghai auto show, saying that the G6 is the ultimate form of car before full self-driving is achieved.

The model is based on the 800 V high-voltage platform and can get a 300-kilometer range in as little as 10 minutes on a charge, XPeng said at the time. The company's other 800 V-based model is the flagship G9 SUV.

XPeng cited the Tesla Model Y as its main competitor to the G6 and hopes to attract consumers with its sleeker design and updated interior.

The vehicle is positioned as an all-electric midsize SUV with a length, width and height of 4,753 mm, 1,920 mm and 1,650 mm, respectively, and a wheelbase of 2,890 mm, a regulatory filing in March showed.

For comparison, the Tesla Model Y has a length, width and height of 4,750 mm, 1,921 mm and 1,624 mm, respectively, and a wheelbase of 2,890 mm.

($1 = RMB 7.1042)

XPeng making its last stand with G6, says Deutsche Bank

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Tags Tesla, XPeng

China Electric Elon Musk eMobility eV Giga Shanghai Tesla

Musk ends China visit after visiting Tesla Shanghai plant last night

Post author By Phate Zhang/CnEVPost
Post date June 1, 2023

Musk arrived in Shanghai from Beijing yesterday evening and toured the Tesla Shanghai factory overnight.

Tesla (NASDAQ: TSLA) CEO Elon Musk has wrapped up his brief visit to China, where he spent the past two days meeting with several Chinese officials and visiting Tesla's Shanghai factory.

Musk's private jet with registration number N628TS took off from Shanghai's Hongqiao Airport at 11:23 am Thursday and is expected to arrive in Austin, where Tesla is headquartered, in 12 hours and 50 minutes, according to flight-tracking platform Variflight.

The Tesla CEO arrived in Shanghai from Beijing yesterday evening and toured the Tesla Shanghai factory overnight.

Early this morning, Grace Tao, Tesla's vice president of external affairs, shared two images on Weibo showing Musk with Giga Shanghai employees.

(Images from Grace Tao's Weibo.)

The Weibo was posted at 0:28, while Tao was at the facility, her Weibo location information shows.

Neither Tao nor Tesla disclosed the exact schedule of Musk's activities at Giga Shanghai, though Bloomberg reported that the first cars to roll off the line at the plant on Thursday were prototypes of the updated Model 3 sedan.

Musk arrived in Beijing on May 30 on his private jet, and was later met by Chinese State Councilor and Foreign Minister Qin Gang in Beijing.

Tesla opposes decoupling and supply chain disconnection and is willing to continue to expand its business in China and share in China's development opportunities, Musk said, according to a statement from the Chinese Foreign Ministry.

On May 31, Chinese Minister of Industry and Information Technology (MIIT) Jin Zhuanglong met with Musk in Beijing, where the two sides exchanged views on topics including the development of new energy vehicles (NEVs) and smart connected vehicles, according to an announcement from the MIIT.

Musk then visited China's Ministry of Commerce and was met by Commerce Minister Wang Wentao.

In addition to the meeting with Chinese officials, Musk was seen meeting with Robin Zeng, chairman of CATL, the world's largest power battery manufacturer, on May 30.

A picture circulating on Chinese social networks shows Musk and Zeng together in the lobby of a hotel.

Musk meets with more officials as he begins 2nd day of China visit

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Tags CATL, Tesla

Electric eMobility eV

Colorado Boosts EV Incentive To $5000, Adds $2500 Sweetener

Post author By CleanTechnica
Post date June 1, 2023

Colorado has raised its tax credit for the purchase of an electric vehicle from $2000 to $5000 as it seeks to add more EVs to its roads.

Battery Swap China Electric eMobility eV Nio

NIO adds 10 showrooms and 66 swap stations worldwide in May

Post author By Lei Kang/CnEVPost
Post date June 1, 2023

As of May 31, NIO had 118 NIO Houses and 269 NIO Spaces worldwide. | NIO US | NIO HK | NIO SG

(Image credit: NIO)

NIO (NYSE: NIO) continued its expansion of showrooms and infrastructure in May.

The Chinese electric vehicle (EV) maker added 10 showrooms and 66 battery swap stations worldwide in May, according to information released today by the NIO App.

NIO's showrooms include the flagship NIO Houses and the smaller NIO Spaces. The former is a space where NIO offers owners a quality lifestyle, in addition to displaying and selling vehicles.

The company added four new NIO Houses in May, all of which are located in China. To date, the total number of NIO Houses worldwide is 118, including 114 in China and 4 in Europe.

NIO added six NIO Spaces in May, all of which are also located in China. As of May 31, NIO had 269 NIO Spaces worldwide, including 263 in China and 6 overseas.

NIO also added 10 new service centers in May, including three in China and seven overseas. This brings the total number of facilities to 299, including 257 in China and 42 overseas.

NIO added 1 new delivery center in May, bringing the total number of such facilities to 53.

In May, NIO added 66 battery swap stations, including 64 in China and 2 overseas.

As of May 31, NIO had 1,464 battery swap stations worldwide, with 1,448 in China and 16 overseas.

NIO also added 93 charging stations in May, bringing the number to 2,648, of which 2,640 are in China and 8 are overseas.

As of May 31, NIO had 15,673 charging piles worldwide, including 15,649 in China and 24 overseas.

NIO's charging map added access to 22,511 third-party charging piles in May, bringing the total to more than 1,110,000, including more than 400,000 overseas.

The company is expected to announce vehicle delivery figures for May later today. It delivered 6,658 vehicles in April, down 35.85 percent from 10,378 in March.

NIO kicks off preparations for NIO Day 2023

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Tags NIO

Battery Swap China Electric eMobility eV Nio

NIO adds 10 showrooms and 66 swap stations worldwide in May

Post author By Lei Kang/CnEVPost
Post date June 1, 2023