Author: Phate Zhang/CnEVPost

Categories
China Electric eMobility eV Price Change Price Hike Tesla Tesla Price Change

Tesla hikes Model 3, Model Y prices slightly in China

Tesla's move could help dispel the wait-and-see sentiment of some potential consumers, which could benefit sales in the near term.

Tesla hikes Model 3, Model Y prices slightly in China-CnEVPost

Tesla (NASDAQ: TSLA) has raised prices for its entire Model 3 and Model Y lineup in China in a move that appears to be aimed at dispelling consumer wait-and-see sentiment.

Tesla has a factory in Shanghai that makes the Model 3 and Model Y, and their prices in China have all been raised by 2,000 yuan ($289), or less than 1 percent.

The company now offers two versions of the Model 3 in China -- the rear-wheel drive Model 3 and the dual-motor all-wheel drive Model 3 Performance -- and three versions of the Model Y -- the entry version Model Y, Model Y Long Range, and Model Y Performance.

The two versions of the Model 3 currently start at RMB 231,900 and RMB 331,900, respectively, and the three versions of the Model Y start at RMB 263,900, RMB 313,900 and RMB 363,900, respectively.

Expected delivery dates for all of these Tesla models remain unchanged from previous dates, with 1-4 weeks for both versions of the Model 3, 2-5 weeks for both the base Model Y as well as the Model Y Long Range, and 1-4 weeks for the Model Y Performance.

Last month, Tesla lowered the prices of the Model 3 as well as the Model Y in several markets around the world, raising concerns about whether it would lower prices in the Chinese mainland.

On April 15, Grace Tao, Tesla's vice president of external affairs, shared several charts on Weibo showing that all versions of the Model 3 and Model Y available in the Chinese mainland are priced lower than in all other markets.

Tao shared the charts without comment, although the move appears to suggest that Tesla won't be dropping prices in China in the near term.

Tesla's move today could help dispel the wait-and-see mood of some potential consumers, which could benefit sales in the near term.

The electric vehicle maker delivered 76,663 vehicles in China in March, and its Shanghai plant exported 12,206 units, according to the China Passenger Car Association (CPCA).

Retail sales of the Model 3 in China in March were 21,726 units and 54,937 units of the Model Y.

($1 = RMB 6.9121)

Tesla prices: Here's how Model 3 and Model Y compare in China vs other markets

Tesla China price changes

DateModelPrev PriceChange (RMB)%Latest Price
May 2, 2023Model 3229,900+2,0000.87%231,900
May 2, 2023Model 3 Performance329,900+2,0000.61%331,900
May 2, 2023Model Y261,900+2,0000.76%263,900
May 2, 2023Model Y Long Range311,900+2,0000.64%313,900
May 2, 2023Model Y Performance361,900+2,0000.55%363,900
Feb 17, 2023Model Y Performance359,900+2,0000.56%361,900
Feb 17, 2023Model Y Long Range309,900+2,0000.65%311,900
Feb 10, 2023Model Y259,900+2,0000.77%261,900
Jan 6, 2023Model X PlaidNewNANA1,039,900
Jan 6, 2023Model XNewNANA879,900
Jan 6, 2023Model S PlaidNewNANA1,009,900
Jan 6, 2023Model SNewNANA789,900
Jan 6, 2023Model Y Performance397,900-38,000-9.55%359,900
Jan 6, 2023Model Y Long Range357,900-48,000-13.41%309,900
Jan 6, 2023Model Y288,900-29,000-10.04%259,900
Jan 6, 2023Model 3 Performance349,900-20,000-5.72%329,900
Jan 6, 2023Model 3265,900-36,000-13.54%229,900
Oct 24, 2022Model Y Performance417,900-20,000-4.79%397,900
Oct 24, 2022Model Y Long Range394,900-37,000-9.37%357,900
Oct 24, 2022Model Y316,900-28,000-8.84%288,900
Oct 24, 2022Model 3 Performance367,900-18,000-4.89%349,900
Oct 24, 2022Model 3279,900-14,000-5.00%265,900
June 17, 2022Model Y Long Range375,900+19,0005.05%394,900
Mar 17, 2022Model Y301,840+15,0604.99%316,900
Mar 15, 2022Model Y Performance397,900+20,0005.03%417,900
Mar 15, 2022Model Y Long Range357,900+18,0005.03%375,900
Mar 15, 2022Model 3 Performance349,900+18,0005.14%367,900
Mar 15, 2022Model 3265,652+14,2485.36%279,900
Mar 10, 2022Model Y Performance387,900+10,0002.58%397,900
Mar 10, 2022Model Y Long Range347,900+10,0002.87%357,900
Mar 10, 2022Model 3 Performance339,900+10,0002.94%349,900
Dec 31, 2021Model Y280,752+21,0887.51%301,840
Dec 31, 2021Model 3255,652+10,0003.91%265,652
Nov 24, 2021Model Y276,000+4,7521.72%280,752
Nov 24, 2021Model 3250,900+4,7521.89%255,652
Nov 19, 2021Model 3235,900+15,0006.36%250,900
Oct 27, 2021Model S Long Range859,990+30,0003.49%889,990
Oct 27, 2021Model X Long Range909,990+30,0003.30%939,990
Sept 11, 2021Model Y Performance377,900+10,0002.65%387,900
Aug 4, 2021Model S Long Range829,990+30,0003.61%859,990
Aug 4, 2021Model X Long Range879,990+30,0003.41%909,990
Jul 30, 2021Model 3250,900-15,000-5.98%235,900
Jul 16, 2021Model S Long Range799,990+30,0003.75%829,990
Jul 16, 2021Model X Long Range849,990+30,0003.53%879,990
Jul 8, 2021Model YNANewNA276,000
May 8, 2021Model 3249,900+1,0000.40%250,900
Mar 24, 2021Model Y Long Range339,900+8,0002.35%347,900
Mar 24, 2021Model Y Performance369,900+8,0002.16%377,900
Jan 1, 2021Model Y Long RangeNewNANA339,900
Jan 1, 2021Model Y PerformanceNewNANA369,900
Jan 1, 2021Model 3 PerformanceNewNANA339,900
Oct 1, 2020Model 3271,600-21,700-7.99%249,900
Oct 1, 2020Model 3 Long Range344,050-34,150-9.93%309,900

The post Tesla hikes Model 3, Model Y prices slightly in China appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Categories
China China EV Market Insight Electric eMobility eV EV Data Insights Monthly Data Nio Research Note

Deutsche Bank on Apr China EV sales: Li Auto shines while NIO struggles

Edison Yu's team continues to expect most automakers to be aggressive, as market share is a top priority.

China's major electric vehicle (EV) makers announced their April deliveries yesterday, and Deutsche Bank analyst Edison Yu's team provided their take, as usual.

"April sales were generally better than feared for most OEMs we track with the exception of NIO who is struggling at the moment from both weak demand for its sedans and a major production platform transition for its SUVs," the team said in a note sent to investors yesterday.

continues to impress, setting a monthly delivery record and showing continued strong traction for its three models in the premium SUV segment, the team said.

As a backdrop, Li Auto delivered a record 25,681 vehicles in April, surpassing the 20,000-delivery mark for the second consecutive month.

NIO deliveries fell further to 6,658 in April as the product switch continued. XPeng delivered 7,079 vehicles in April, essentially unchanged from March, and the company appears to be on the cusp of emerging from the mire of weak sales that lasted about one year.

Here is the full text of Yu's team's note.

April sales were generally better than feared for most OEMs we track with the exception of NIO who is struggling at the moment from both weak demand for its sedans and a major production platform transition for its SUVs.

Li Auto continues to impress, setting a record for monthly deliveries, demonstrating continued robust traction in the premium SUV segment with its 3 models.

's volume held in about flat MoM as new P7i ramps up.

Overall, we continue to expect most OEMs to be aggressive as market share is the #1 priority. Although there were no big price cuts announced at the Shanghai Auto Show, our view is that there is likely another wave of price cuts to come as industry demand remains soft.

Moreover, the price of lithium carbonate has dropped dramatically this year which provides more cushion on the gross margin side.

April OEM recap

Li Auto delivered 25,681 vehicles (+23% MoM, +516% YoY), beating our forecast and setting a new monthly record. This includes >10,000 units of the L7 in its first full month of deliveries (vs. 7,702 in March).

XPeng delivered 7,079 vehicles (+17% MoM; -55% YoY), slightly below our expectations. The P7i mid-cycle face-lift should help volume in May/June as management expressed confidence in the order book.

XPeng officially revealed the G6 at the Shanghai Auto Show last month and this will be the most important product for the company this year to grow sales (double current monthly sales by end of 3Q), set for late June deliveries.

NIO delivered only 6,658 vehicles (-36% MoM, +31% YoY), below our forecast. Demand for ET5 and ES7 appear to be getting weaker sequentially while the rest of the portfolio is undergoing a platform transition (except for ET7 getting an interior upgrade this month).

Deliveries of the new EC7 began on 4/28, a few weeks earlier than anticipated, suggesting operational execution is on track. The new ES6 is expected to begin deliveries toward end of May (NIO's best selling SUV model).

delivered sales of 8,101 vehicles (+22% MoM; +279% YoY). The average order value for 001 shooting break sedan is 336k RMB and 009 luxury MPV is 527k. Zeekr's upcoming X model is expected to garner higher relative volumes with starting price of just 190k (deliver in June, targeting 40,000 units for 2023).

NIO deliveries fall further to 6,658 in Apr as product switch continues

The post Deutsche Bank on Apr China EV sales: Li Auto shines while NIO struggles appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Categories
BYD China Deliveries Electric eMobility eV EV Data Monthly Data

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar

BYD sold 104,364 passenger BEVs in April, up 1.65 percent from March, and 105,103 PHEVs, up 1.63 percent from March.

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar-CnEVPost

BYD sold 210,295 new energy vehicles (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, according to data released today.

The company discontinued production and sales of vehicles powered entirely by internal combustion engines in March last year and switched to focus on producing plug-in hybrids and pure electric vehicles.

BYD's NEVs include passenger cars as well as commercial vehicles, with sales of 209,467 new energy passenger cars in April, up 98.59 percent from 105,475 units in the same month last year and up 1.64 percent from 206,089 units in March.

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar-CnEVPost

BYD's new energy commercial vehicles sold 828 units in April, up 46.03 percent from 567 units in the same month last year, but down 16.45 percent from 991 units in March.

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar-CnEVPost

Among these passenger NEVs, battery electric vehicles (BEVs) sold 104,364 units, up 81.81 percent from 57,403 units a year ago and up 1.65 percent from 102,670 units in March.

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar-CnEVPost

Its passenger plug-in hybrid vehicles (PHEVs) were 105,103 units, up 118.64 percent from 48,072 units in the same month last year and up 1.63 percent from 103,419 units in March.

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar-CnEVPost

In April, BYD sold 14,827 NEVs in overseas markets, up 11.38 percent from 13,312 units in March.

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar-CnEVPost

The company first announced overseas sales figures for NEVs in July 2022.

In addition to being China's largest NEV company, BYD is also the country's second-largest manufacturer of power batteries.

BYD's installed power and energy storage battery capacity in April was about 9.954 GWh, up 59.47 percent from 6.242 GWh in the same month last year and up 0.64 percent from 8.952 GWh in March.

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar-CnEVPost

BYD officially launches Seagull to expand its presence in China's EV market

The post BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Categories
China Deliveries Electric eMobility eV EV Data Leapmotor Monthly Data

Leapmotor delivers 8,726 units in Apr with higher-priced models contributing most sales

Leapmotor's higher-priced C-series models contributed more than 83 percent of April deliveries.

Leapmotor delivers 8,726 units in Apr with higher-priced models contributing most sales-CnEVPost

Leapmotor saw significant sequential sales growth last month, and most importantly, the higher-priced models are starting to dominate sales.

The electric vehicle (EV) maker delivered 8,726 vehicles in April, down 3.97 percent from 9,087 a year ago, but up 41.38 percent from 6,172 in March, according to data released today.

Leapmotor did not release model-specific breakdown sales figures, but said the higher-priced C-series models contributed more than 83 percent of deliveries.

The company's full lineup is in the process of accelerating deliveries, it said.

Founded in 2015, Leapmotor's models on sale include the minivan T03, the coupe sports model S01, the flagship SUV model C11, and the flagship sedan C01.

The company's previous sales were mainly contributed by the cheap EV T03, which led Leapmotor to be seen as a budget EV maker.

The T03 currently has a starting price range of RMB 59,900 ($8,670) to RMB 89,900, the C11 extended-range electric vehicle (EREV) is RMB 149,800 to RMB 185,800, the C11 battery electric vehicle (BEV) is RMB 155,800 to RMB 219,800, and the C01 is RMB 149,800 to RMB 228,800. The Leapmotor website does not currently show prices for the S01.

As of June 30, 2022, Leapmotor had delivered a cumulative total of 79,220 T03s, 2,729 S01s, and 22,880 C11s, according to its Hong Kong IPO prospectus published in September 2022.

The C11 BEV, which was launched on September 29, 2021, and the C01, which was launched on September 28, 2022, are Leapmotor's flagship models, targeting the RMB 150,000 to 300,000 range.

On March 1, Leapmotor officially launched the C11 EREV, with hopes that the model will target a larger market than BEVs and thus turn around its weak sales performance.

($1 = RMB 6.9121)

Leapmotor would have to sell at least 400,000 units a year to break even, CEO says

The post Leapmotor delivers 8,726 units in Apr with higher-priced models contributing most sales appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Categories
China Deliveries Electric eMobility eV EV Data Monthly Data Zeekr

Zeekr delivers 8,101 vehicles in Apr, 3rd consecutive MoM rise

Zeekr aims to be one of the leading brands in the European EV market by 2030, an executive said.

Zeekr's vehicle deliveries continued to grow in April, putting cumulative deliveries over the 100,000-unit mark.

The premium electric vehicle (EV) maker, owned by , delivered 8,101 vehicles in April, up 279.08 percent from 2,137 in the same month last year and up 21.58 percent from 6,663 in March, according to data released today.

This is the third consecutive month-on-month increase in Zeekr's monthly deliveries and also the third consecutive year-on-year increase.

In January-April, Zeekr's deliveries were 23,335 units, up 124.85 percent from 10,378 units in the same period last year, according to data monitored by CnEVPost.

By the end of April, Zeekr's cumulative deliveries since its inception stood at 101,283 units. The company saw its 100,000th vehicle delivery milestone on April 25.

Zeekr is currently delivering the Zeekr 001 shooting brake as well as the Zeekr 09 MPV, for which the company does not release breakdown figures.

The average order value for the Zeekr 001 is RMB 336,000 ($48,610) and the Zeekr 009 is RMB 527,000, Zeekr said today.

The Zeekr 001 is currently offered in four versions with starting prices of RMB 300,000, RMB 300,000, RMB 349,000 and RMB 386,000. The Zeekr 009 is currently offered in two versions with starting prices of RMB 499,000 and RMB 588,000, respectively.

Zeekr was officially established as an independent company in March 2021, and its first model, the Zeekr 001, was launched on April 15, 2021, with deliveries beginning in October 2021.

On November 1, 2022, Zeekr's second model, the Zeekr 009 MPV, was launched, and its deliveries began on January 15.

On April 12, Zeekr launched its third model, the Zeekr X, which it hopes will become the benchmark for luxury compact cars.

Zeekr X has three versions, one starting at RMB 189,800 and the other two at RMB 209,800.

The Zeekr X is already taking reservations and deliveries will begin in June, with the model aiming to deliver 40,000 units this year.

On April 18, Zeekr unveiled its European strategy, which will be based on a direct-to-customer business model to deliver an EV experience to European customers.

Its first models in Europe are the Zeekr 001 and the Zeekr X, which will start arriving in Sweden and the Netherlands in the fourth quarter, with other countries to follow quickly.

Zeekr aims to be one of the leading brands in the European EV market by 2030, Spiros Fotinos, the company's vice president and CEO of European sales, said today, according to a press release.

($1 = RMB 6.9121)

Zeekr releases Europe strategy, 2 models to debut in Sweden and Netherlands in Q4

The post Zeekr delivers 8,101 vehicles in Apr, 3rd consecutive MoM rise appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Categories
China Deliveries Electric eMobility eV EV Data Monthly Data XPeng

XPeng delivers 7,079 vehicles in Apr, largely flat from Mar

The P7i, which was launched in March, continues to gather strong order momentum and the company is significantly ramping up production, which will accelerate customer deliveries in the near future, XPeng said.  |  XPeng US | XPeng HK

XPeng's (NYSE: XPEV) deliveries in April were essentially flat compared with March, as the company appears to be on the cusp of emerging from a mire of weak sales.

The Chinese electric vehicle (EV) maker delivered 7,079 vehicles in April, down 21.36 percent from 9,002 a year ago but up 1.1 percent from 7,002 in March, according to data released today.

This is the third consecutive month-on-month gain in monthly XPeng deliveries, after about a year of weak sales.

XPeng did not provide model-specific breakdown figures for the models it currently sells, which include the flagship SUV G9, flagship sedan P7i, older P7, P5 and G3i.

The P7i sports sedan, launched in March, continues to gather strong order momentum, XPeng said, adding that the company is significantly ramping up production, which will accelerate customer deliveries of the P7i in the near future.

XPeng unveiled the new SUV G6 on April 18, the first day of the Shanghai auto show, which is based on the 800 V high-voltage platform and can get 300 kilometers of range in as little as 10 minutes on a charge.

XPeng did not announce specific specifications or pricing information for the G6, and they are expected to be known at the official launch event in the future.

The company's management previously said the G6 will be officially launched and delivered by the end of the second quarter, with a price range of RMB 200,000 - 300,000.

The G6's debut at Shanghai auto show generated remarkable enthusiasm among visitors, making XPeng's booth one of the most popular at the event, the company said today.

The model is scheduled to be officially launched at the end of the second quarter with deliveries immediately following, XPeng said, repeating its previous plans.

On April 16, XPeng unveiled its next-generation vehicle technology architecture, SEPA (Smart Electric Platform Architecture) 2.0, on which the G6 is the first model to be based.

This architecture will shorten the development cycle of future models by 20 percent and optimize development efficiency significantly. Interchangeability and interoperability of common and modular components between new models will reach 80 percent, enabling XPeng to meet diverse customer needs at an optimized cost, it said at the time.

In April, the XPeng G9 received a third-class road test license in Guangzhou for passenger-carrying autonomous driving tests, XPeng said today.

The company expects to expand the G9's tests to all customers in Guangzhou's Huangpu district in the second half of the year, giving more customers access to new mobility experiences, it said.

XPeng G6 debuts at Shanghai auto show

The post XPeng delivers 7,079 vehicles in Apr, largely flat from Mar appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Categories
China Deliveries Electric eMobility eV EV Data Monthly Data Nio

NIO’s deliveries fall further to 6,658 in Apr as its product switch continues

NIO's deliveries fall further to 6,658 in Apr as its product switch continues-CnEVPost

NIO's deliveries in April fell further to 6,658 units, as its product switchover continues, according to data released today.

This is up 31.22 percent from 5,074 units in the same month last year, but down 35.85 percent from 10,378 units in March.

Below is its press release, as the CnEVPost article is being updated.

NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced its April 2023 delivery results.

NIO delivered 6,658 vehicles in April 2023, representing an increase of 31.2% year-over-year. The deliveries consisted of 1,713 premium smart electric SUVs, and 4,945 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 327,255 as of April 30, 2023.

In April 2023, the majority of deliveries were attributable to ET5 and ES7, while NIO has been upgrading its product offerings from NIO Technology 1.0 (NT1.0) to NIO Technology 2.0 (NT2.0).

In late April 2023, NIO started to steadily ramp up the production and delivery of the EC7, a five-seater smart electric flagship coupe SUV from NT2.0.

On April 18, 2023, NIO debuted the All-New ES6, a smart electric all-round SUV, at the Shanghai Auto Show. Derived from NT2.0, the All-New ES6 will bring user experiences beyond expectations in terms of design, performance, comfort, intelligence, safety, and sustainability. NIO expects to officially launch the All-New ES6 and commence deliveries in May 2023.

The All-New ES8, a smart electric flagship SUV based on NT2.0 that was launched at NIO Day 2022, is expected to commence deliveries in June 2023.

At the Shanghai Auto Show, NIO also launched the 2023 ET7, a smart electric flagship sedan based on NT2.0. The 2023 ET7 boasts more than 15 product upgrades, providing users with a more comfortable driving and riding experience, a more refined interior and a more intuitive digital experience. Deliveries of the 2023 ET7 will start in May 2023.

The post NIO's deliveries fall further to 6,658 in Apr as its product switch continues appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Categories
China Deliveries Electric eMobility eV EV Data Monthly Data Neta

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

From January to April, Neta delivered 37,256 vehicles. The company is aiming to deliver 300,000 vehicles this year.

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

Neta Auto, Hozon Auto's electric vehicle (EV) brand, delivered 11,080 vehicles in April, the third consecutive month of more than 10,000 vehicles, according to data released today.

That's up 25.72 percent from 8,813 vehicles in the same month last year and up 9.84 percent from 10,087 vehicles in March.

Neta's flagship sedan, the 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.

Neta S delivered 8,008 units in January-April and 10,213 units in total since deliveries began in October last year, according to data monitored by CnEVPost.

Neta has been seen as 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 ($14,470) to RMB 150,000.

The Neta S, its first effort at the premium end of the market, officially launched in China on July 31, 2022, with a current starting price range of RMB 202,800 to RMB 341,800.

On the first day of the Shanghai auto show on April 18, Neta officially launched the Neta GT sports car with a starting price of RMB 178,800 to 227,800.

Neta is targeting sales of 300,000 units in 2023, local media China Securities Journal reported on February 7.

The EV maker has sales of 152,073 units in 2022, up 118 percent year-on-year, including 3,456 units delivered overseas, according to data it previously announced.

($1 = RMB 6.9121)

Neta GT sports car officially launched, priced from $26,000

The post Neta delivers 11,080 vehicles in Apr, up 9.8% from Mar appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Categories
China Deliveries Electric eMobility eV EV Data GAC Aion Monthly Data

GAC Aion sells record 41,012 vehicles in Apr, up 2.5% from Mar

From January to April, GAC Aion sold 121,320 vehicles, up 120.24 percent from 55,086 vehicles in the same period last year.

GAC Aion sells record 41,012 vehicles in Apr, up 2.5% from Mar-CnEVPost

GAC's new energy vehicle (NEV) subsidiary, GAC Aion, sold a record 41,012 vehicles in April, the second consecutive month to exceed the 40,000-unit mark, according to data released today.

This represents a 301.61 percent increase over the 10,212 units sold in the same month last year and a 2.49 percent increase over the 40,016 units sold in March.

In January-April, GAC Aion sold 121,320 vehicles, up 120.24 percent from 55,086 units 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 ($20,230) to RMB 172,800.

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

GAC Aion offers two versions of the Hyper SSR, with the regular version priced at RMB 1.286 million in pre-sale and capable of accelerating from 0 to 100 kilometers per hour 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.

GAC Aion said at the time that the model was the fastest accelerating car on the planet and would begin mass production and delivery in October 2023.

On April 16, on the eve of the Shanghai auto show, the Hyper brand's second model, the Hyper GT sedan, opened for pre-sale with a price range of RMB 219,900 to RMB 339,900.

The Hyper GT is available in five versions, one of which supports battery swap, like NIO models.

The Hyper GT will be officially launched in June and deliveries will begin during the year.

($1 = RMB 6.9121)

GAC Aion begins pre-production performance testing of Hyper SSR supercar

The post GAC Aion sells record 41,012 vehicles in Apr, up 2.5% from Mar appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Categories
China Deliveries Electric eMobility eV EV Data Li Auto Monthly Data

Li Auto delivers record 25,681 vehicles in Apr, Li L7 delivers over 10,000

April was the first full month of deliveries for Li Auto's cheaper five-seat SUV, the Li L7.  |  Li Auto US | Li Auto HK

Li Auto delivers record 25,681 vehicles in Apr, Li L7 delivers over 10,000-CnEVPost

Li Auto (NASDAQ: LI) saw record deliveries last month as the new, cheaper SUV, the Li L7, began to contribute significantly to sales.

The Chinese automaker delivered 25,681 vehicles in April, another monthly high while surpassing the 20,000-delivery mark for the second consecutive month, according to data released today.

This represents a 516.29 percent increase over the 4,167 units delivered in the same month last year and a 23.33 percent increase over the 20,823 units delivered in March.

As of the end of April, Li Auto has delivered a total of 335,599 units since its inception.

"We are pleased to have delivered over 10,000 Li L7s in its first full month of deliveries, establishing the vehicle as a preferred choice among five-seat premium SUVs for Chinese families while marking the first time a Chinese branded five-seat SUV priced above RMB300,000 has achieved this monthly delivery milestone," said Li Xiang, chairman and CEO of Li Auto.

"Regarding autonomous driving, we expect to release the city NOA for beta testing in Li AD Max 3.0 this quarter and target to roll out in 100 cities nationwide by the year end," he added.

Li Auto's three models currently on sale -- Li L9, Li L8 and Li L7 -- are extended-range electric vehicles (EREVs), which are essentially plug-in hybrids.

The big selling point of these models is that they don't have the range anxiety of battery electric vehicles (BEVs), as they can be charged as well as refueled.

Li Auto launched the Li L7, its first five-seat SUV, on February 8.

The Li L7 is the least expensive of its product array, with Pro as well as Max versions starting at RMB 339,800 ($49,160) and 379,800 respectively. The Li L7 has a lower-priced Air version available, starting at RMB 319,800.

Deliveries of the Li L7 Pro and the Li L7 Max begin on March 11, and deliveries of the Li L7Air begin in late April.

Li Auto also launched an Air version of the Li L8 alongside the Li L7 at a starting price of RMB 339,800. The Li L8 was previously available in Pro and Max versions at RMB 359,800 and RMB 399,800 respectively.

The Li L9 is currently only available in Max version with a starting price of RMB 459,800.

In terms of product planning, Li Auto aims to create a model portfolio of one super flagship, five EREVs and five BEVs by 2025 to meet the diverse needs of families in the price range of 200,000 yuan and above, Li said.

As of April 30, the company had 302 retail stores in 123 cities and 318 service centers and Li Auto-authorized body and paint stores in 222 cities.

($1 = RMB 6.9121)

Li Auto CEO predicts China NEV penetration to exceed 80% by Dec 2025

The post Li Auto delivers record 25,681 vehicles in Apr, Li L7 delivers over 10,000 appeared first on CnEVPost.

For more articles, please visit CnEVPost.