Sales up by 30% for Wuling in early August partly due to a doubling in government trade-in scheme and also dealer sales activities.
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Category: Saic-gm-wuling
The Binguo EV is now available in four variants in China with a starting price of RMB 56,800 ($7,810).
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The Wuling Starlight S is the second model under the Wuling Silver Label and will be available in BEV and PHEV variants.
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Baojun will accelerate product launches based on its new Tianyu architecture, with plans to release a cumulative total of four new models this year, including today's two.
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BYD is looking to accelerate the replacement of traditional fuel vehicles with NEVs at lower prices, and more automakers following suit is expected to speed up the process.
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The battery pack, called "Wuling Red 1", is 148 mm thick, which SAIC-GM-Wuling said is the thinnest battery for commercial vehicles.
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SAIC-GM-Wuling had NEV retail sales of 457,848 in 2023, ranking fifth in the segment with a 5.9 percent share.
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The Baojun Yunduo is the second model launched by the Baojun brand this year and is expected to compete with the BYD Dolphin and Volkswagen's ID.3.
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Wuling is considering offering a range-extender option for the Baojun Yep, which would provide the mini EV with the ability to get an extra 80 kilometers of range by refueling.
(Image credit: Baojun)
SAIC-GM-Wuling is considering a range-extender option for the Baojun Yep mini electric vehicle (EV), which went on sale only last month, highlighting a new approach to trying to address range anxiety among EV consumers.
Baojun will not offer an official extended-range electric vehicle (EREV) version of the Yep, but will consider offering a post-delivery range-extender option for the model, Zhou Xing, vice president of SAIC Wuling's brand division, said on Weibo yesterday.
"Because of the call from everyone, the team is looking into the possibility of putting a small generator in the engine compartment," Zhou wrote.
The option, which could cost about 2,000 yuan ($280), could hold four liters of gasoline and thus provide an additional 80 kilometers of range, according to a supplier proposal, he said.
The option is similar to a power bank for a cell phone and would additionally allow the vehicle to support external discharge capability, according to Zhou.
Zhou asked his followers on Weibo if they really wanted the option and if so, they would speed up the rollout process.
Consumers expecting the option can still buy the Baojun Yep now, as it can be installed after delivery, Zhou said.
It's not clear if Wuling's planned option complies with China's vehicle modification regulations.
SAIC-GM-Wuling officially launched the Baojun Yep on May 25, offering it in two versions with starting prices of RMB 79,800 and RMB 89,800, respectively.
Both versions of the model have a battery pack capacity of 28.1 kWh and a combined CLTC range of 303 km.
Baojun's idea to offer a range-extender option for the Yep underscores the appeal of plug-in hybrid or quasi-plug-in hybrid models at a time of transition to electrification in the Chinese automotive industry.
Among Chinese EV startups, Li Auto (NASDAQ: LI) is known for its EREVs, which delivered a record 28,277 vehicles in May.
For comparison, NIO (NYSE: NIO) and XPeng (NYSE: XPEV), which only offers battery electric vehicles (BEVs), have had weak deliveries over the past few months, delivering 6,155 and 7,506 units in May, respectively.
Their peer Leapmotor has abandoned its insistence on offering only BEVs, attracted by the larger market space.
On February 1, Leapmotor unveiled its first EREV model -- an EREV variant of its flagship SUV, the C11. The Leapmotor C11 EREV went on sale on March 1 and deliveries began in mid-March.
In May, Leapmotor delivered 12,058 vehicles, the fourth consecutive month of growth and well above the 1,139 units delivered in January.
($1 = RMB 7.1061)
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The Baojun Yep is available in two versions, with the pricier one equipped with a smart driving system developed by SAIC-GM-Wuling with drone maker DJI.
(Image credit: SAIC-GM-Wuling)
SAIC-GM-Wuling today officially launched its new electric vehicle (EV), the Yep, the latest addition to its line of mini EVs.
The Yep is available under SAIC-GM-Wuling's Baojun brand in two versions, starting at RMB 79,800 ($11,290) and RMB 89,800 respectively.
The Baojun Yep looks somewhat similar to the Suzuki Jimny, and SAIC-GM-Wuling said the model uses the Square Box design language to target the needs of younger customers.
The length, width and height of the Baojun Yep are 3,381 mm, 1,685 mm and 1,721 mm respectively, with a wheelbase of 2,110 mm.
For comparison, the Hongguang Mini EV, another SAIC-GM-Wuling model, measures 3,059 mm in length, 1,521 mm in width and 1,614 mm in height, with a wheelbase of 2,010 mm.
The Baojun Yep is powered by a permanent magnet synchronous motor with a peak power of 50 kW and a peak torque of 140 Nm.
The model has a battery pack capacity of 28.1 kWh and a CLTC range of 303 km.
It supports fast charging and can go from 30 percent to 80 percent in 35 minutes.
The Baojun Yep with a starting price of RMB 89,800 is equipped with the Lingxi intelligent driving system announced in August 2022 by SAIC-GM-Wuling and DJI Automotive, the automotive division of drone manufacturer DJI.
The system is based on SAIC-GM-Wuling's "Emotion Engine" concept, which focuses on urban mobility scenarios, SAIC-GM-Wuling previously said.
The Lingxi intelligent driving system takes advantage of DJI's technological strengths in the field of binocular cameras and is based on the latter's algorithms in the field of vision perception and experience in vision perception systems for drones.
SAIC-GM-Wuling's 2023 Baojun KiWi EV is the first model to use the system.
Equipped with the Lingxi system, the Baojun Yep allows users to turn on intelligent driving with a single click, enabling functions including obstacle recognition and response, and intelligent speed regulation in curves.
The model is also equipped with smart parking assist, which enables full-scene automatic parking.
Baojun previewed the model on May 9, when it also shared images and a video of the two-door pickup version of the Yep.
SAIC-GM-Wuling is a joint venture between SAIC Group, General Motors and Liuzhou Wuling Automobile, headquartered in Liuzhou, Guangxi Zhuang Autonomous Region in southwestern China.
It sells vehicles based on the GSEV (Global Small Electric Vehicle) architecture in China, including the Mini EV, KiWi EV, Nano EV, and Air EV. In addition to these pure electric models, SAIC-GM-Wuling also sells fuel-powered SUVs, MPVs, and vans.
In the small EV segment, in addition to the hot-selling Mini EV, SAIC-GM-Wuling launched the mini EV Air EV in China last December and the Binguo EV at the end of March this year.
Notably, SAIC-GM-Wuling has seen a decline in NEV sales so far this year, while other major NEV makers in China have seen sales growth.
In January-April, SAIC-GM-Wuling's NEV retail sales were 111,604 units, down 15.9 percent from 132,658 units in the same period last year, according to data from the China Passenger Car Association (CPCA).
As a comparison, BYD saw sales increase 81.3 percent year-on-year to 702,608 units and Tesla China grew 61.5 percent year-on-year to 177,385 units during this period.
In an effort to boost sales growth, SAIC-GM-Wuling began allowing consumers to pay only for the body and rent the battery when purchasing the Mini EV on May 11, lowering the purchase threshold to RMB 19,800.
On May 22, SAIC-GM-Wuling announced a price cut of up to RMB 13,000 for the Hongguang Mini EV family, saying the move was in response to China's call to promote NEV consumption in rural areas.
($1 = RMB 7.0692)
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