HiPhi previewed the price hike earlier this month, saying it was because the two long-range versions accounted for a larger-than-expected share of orders.
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HiPhi will raise the starting prices of two long-range versions of its HiPhi Y SUV in September, saying it's because they accounted for a larger-than-expected share of orders.
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The HiPhi Y is HiPhi's key effort to enter the mainstream premium EV market, targeting the segment where the Nio ES6 is present.
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In the past week, the HiPhi Y received 2,000 firm orders and more than 50,000 purchase intentions, a HiPhi executive said.
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How a brand new Chinese EV maker manage to produce 3 new models in two years and sell hundred thousand of them?
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The HiPhi Y, which starts at just RMB 1,000 more than the Nio ES6 but far less than HiPhi's other two models, is trying to get a piece of the mainstream premium EV market.
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HiPhi is a manufacturer focusing on high-end EVs, and the HiPhi Y SUV is the company's cheapest model yet.
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The HiPhi Y electric SUV with gull-wing doors, 810 km of range and up to 504 hp is ready for an international launch.
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HiPhi's third model, the HiPhi Y, which will be launched in China on July 15, will also be introduced to the European market soon and will be available for pre-order there by the end of the year.
(Image credit: HiPhi)
Chinese premium electric vehicle (EV) maker Human Horizons' HiPhi brand has announced the European pricing of its models and started accepting pre-orders.
HiPhi began accepting reservations for the HiPhi X and HiPhi Z from local consumers in Germany and Norway, with first deliveries of the vehicles expected to begin in the third quarter, it announced yesterday.
The HiPhi showroom at Munich International Airport in Germany will open shortly, and the first HiPhi X and HiPhi Z have completed their license plate registration in Germany, allowing consumers to visit the showroom to experience the vehicles and book test drives, it said.
The HiPhi X six-seater and four-seater versions start at 109,000 ($119,000) euros and 123,000 euros respectively in Germany. In Norway, they start at NOK 1,164,000 ($108,690), NOK 1,326,000 respectively.
The HiPhi Z starts at 105,000 euros for the five-seat version in Germany and 107,000 euros for the four-seat version. In Norway, they are NOK 1,110,000, NOK 1,143,000 respectively.
(Image credit: HiPhi)
Human Horizons launched the HiPhi X, the first model of the HiPhi brand, in October 2020, and deliveries of the model began in China in May 2021.
The HiPhi X starts at RMB 570,000 ($79,450) in China for the six-seat version and up to RMB 800,000 for the four-seat version.
In August 2022, the HiPhi Z, the second model under the HiPhi brand, went on sale. The model is available in five-seat and four-seat versions, with starting prices of RMB 610,000 and 630,000 yuan in China, respectively, and deliveries began at the end of January.
The HiPhi X is powered by dual motors with a maximum output of 440 kW and accelerates from 0 to 100 km/h in 3.9 seconds.
The car is equipped with a battery pack with a capacity of 97 kWh and a CLTC range of 560 km.
The HiPhi Z is equipped with dual motors with a maximum output of 494 kW and accelerates from 0 to 100 km/h in 3.8 seconds.
The car is equipped with a 120-kWh battery pack and has a CLTC range of up to 705 km.
(Image credit: CnEVPost)
Both models have received EU certification from the TÜV Nord Group for sale in Europe, HiPhi said yesterday.
In Europe, consumers in Germany and Norway will be the first to experience HiPhi's new driving experience, said Mark Stanton, co-founder, CTO and president of Human Horizons Europe.
With Germany and Norway as the starting point, Human Horizons will expand its business to more countries and regions, he said.
The HiPhi Y, the third model of the HiPhi brand, will be launched on July 15 in China, and it will also be introduced to the European market soon and will be available for pre-order by European consumers by the end of the year, the company said.
The HiPhi Y was included in the latest list of models that will be allowed to be sold in China, announced by the Chinese Ministry of Industry and Information Technology (MIIT) on February 13.
The HiPhi Y will have a single-motor and a dual-motor version, with the single-motor version having a maximum motor power of 247 kW. Its dual-motor version has an additional front motor with a maximum power of 124 kW, according to the filing.
HiPhi was finalizing the pricing for the HiPhi Y series, with the 560 km range version expected to be set at RMB 369,000 to start, said Xu Bin, HiPhi's brand and communications manager, on May 24.
($1 = EUR 0.9160, $1 = NOK 10.7093, $1 = RMB 7.1745)
Saudi Arabia signs $5.6 billion deal with Chinese EV maker Human Horizons
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The deal accounts for over half of the more than $10 billion in investments signed on the first day of the Arab-China business conference in Riyadh on Sunday.
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Chinese electric vehicle (EV) maker Human Horizons is planning to enter more countries despite the weak performance of its premium HiPhi brand in its home market.
Saudi Arabia's Ministry of Investment has signed a $5.6 billion deal with Human Horizons to cooperate in developing, manufacturing and selling cars, Reuters said in a report today, citing a statement from Saudi Arabia's state news agency.
The agreement accounts for more than half of the more than $10 billion in investments signed on the first day of the Arab-China business conference in Riyadh on Sunday, the report noted.
Saudi Arabia has been pushing for increased investment in non-oil sectors as part of its diversification agenda. Part of its plan is to develop domestic EV manufacturing, the report said.
Human Horizons unveiled the HiPhi X, the first model of the HiPhi brand, in October 2020, and deliveries of the model began in China in May 2021.
The HiPhi X starts at RMB 570,000 ($79,820) for the six-seat version and up to RMB 800,000 for the four-seat version.
In August 2022, Human Horizons officially launched its second model under the HiPhi brand, the HiPhi Z. The model is available in five-seat and four-seat versions with starting prices of RMB 610,000 and 630,000 respectively, and deliveries began at the end of January this year.
In February, HiPhi's third model, the HiPhi Y, appeared on one of the Chinese industry regulator's filing list. The model has not yet been officially launched, although late last month a HiPhi executive hinted that the model's starting price is expected to be RMB 369,000.
Sales of HiPhi models have been weak in China, never making into the monthly sales rankings published by the China Passenger Car Association (CPCA).
On March 31, Reuters quoted a Human Horizons executive as saying the company would launch the HiPhi brand in select European markets later this year.
($1 = 7.1411 RMB)
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