Blog

Chery iCAR V23 Range of 401km and 501km Recently, Chery iCAR V23 has completed the application work. The new car adopts a 5-door 5-seat layout, provides single motor and dual motor power, equipped with lithium iron phosphate or ternary lithium battery, and will start pre-sale in October. You can choose the complete kit like iCAR 03. The estimated price is 99,800 (about 14,140 US dollars). 1. exterior The all-black color version is displayed this time. The front face has a strong hard-core off-road SUV design style. The round retro headlights are wrapped in thick decorative parts. The front bumper adopts a mecha design style, which is eye-catching. The side is a typical square box shape, with tough lines, rugged wheel eyebrows, and door lower guards, which is wild. The roof has no luggage rack, the door handles are semi-hidden, and the wheel shape is very simple. The tail shape is also square, with a side-opening tailgate and a small backpack. The taillights are relatively small, and the interior adopts a double-layer light source layout. The rear bumper shape is similar to the front bumper, which plays a front-to-back effect. 2. interior In terms of interior, the new car will be equipped with a 15.7-inch 2K central control screen, built-in 8155 chip, the interface is based on the 3D HMI design of the Unreal Engine, and will support wireless CarPlay. Optional instrument panel and roof luggage rack, all series standard heat pump air conditioning. 3. Power In terms of power, the new car uses single motor and dual motor power, of which the maximum power of the single motor is 100 kilowatts, and the maximum power of the dual motor is 155 kilowatts (front 55 kilowatts/rear 100 kilowatts), equipped with lithium iron phosphate or ternary lithium batteries, and provides 401km and 501km two endurance versions, using front McPherson and rear five-link suspension system, dual motor equipped with four-wheel drive system. Maybe you’d like to read:

Zeekr 7X gets 20,000 orders： We wonder if you have noticed that the Zeekr 7X model, unveiled at the Chengdu Auto Show on August 30, has already received over 20,000 orders in its first week. This is a pure electric mid-size SUV with a starting price of 239,900 (33,850 USD). Although it is equipped with 800V fast charging as standard, the starting price of 239,900 (33,850 USD) is not cheap, so we can’t help but ask a question about this number of orders: Is the number of orders for the Zeekr 7X that exceeded 20,000 in the first week really valuable? Of course, although we have some doubts about the number of orders for 20,000 vehicles, it is undeniable that the Zeekr 7X has received a lot of attention on the Chinese Internet and in real life since its release. After all, as the fifth new car of the Zeekr brand, the Zeekr 7X not only adopts Zeekr’s latest Hidden Energy design language but also has a simple and elegant interior. Coupled with its large five-seat interior layout, the maximum power of 310 kW for the single-motor version, the total power of 475 kW for the dual-motor version, and the 0-100 acceleration in 3 seconds, it is indeed difficult for ordinary people not to pay attention to it. 1. Power In terms of power, two of the three models are rear-mounted single-motor versions with a maximum power of 310 kilowatts. It is expected that the acceleration will be around 5 seconds. The top-equipped dual-motor four-wheel drive has a front motor of 165 kilowatts and a rear motor of 310 kilowatts. The combined power reaches 475 kilowatts, and the zero-to-hundred acceleration is 3 seconds, which is comparable to the power of supercars. In addition, in terms of battery packs, the new car will be equipped with a ternary lithium battery pack with a capacity of 100.01 kWh, using the Kirin battery of CATL, with a maximum range of about 780 kilometers. In addition, it provides 75 kWh of self-developed second-generation BRIC batteries with a range of more than 600 kilometers. It is worth mentioning that the battery’s maximum charging rate can reach 5.5C. With the 800V high-voltage platform, the battery SOC value can be charged from 10% to 80% in just 10.5 minutes. Charging for about 5 minutes can increase the range by about 240 kilometers. With this charging efficiency, there will be no concerns even if the battery capacity is smaller. 2. interior There are also many highlights in the interior space. The minimalist interior provides a full LCD instrument, 16-inch floating 3.5K central control screen, dual wireless charging in the front row, and a standard 36.21-inch AR-HUD head-up display system. The screen has a built-in 8295 chip and is equipped with a ZEEKR AI OS system. There are three color schemes to choose from: purple and white, black and gray, and pure black. The car is 4825 mm long, 1930 mm wide, 1666 mm high, and has a wheelbase of 2925 mm. It is a standard medium-sized SUV model, but the advantages of the pure electric platform are the wheelbase and space. The new car adopts a 5-seat layout, and the rear seats provide electric slide rails that are not available in the same class. The front and rear sliding travel reaches 215 mm, which can achieve a maximum 134° reclining angle of the rear seat backrest. 3. exterior The exterior is built with Hidden Energy design language, with the same front face design as Zeekr 007. The front of the car is simple and rounded. The integrated smart light curtain of ZEEKR Stargate is an optional item. I recommend not to install it as it is not very useful. The clamshell hood adopts an integrated design, and the gaps on both sides are integrated with the wheel eyebrow shape, which has a strong overall integrity. The side shape is simple, with a floating top design and hidden door handles. The taillights at the rear are narrow and use SUPER RED ultra-red LED technology. After lighting up, it is expected to have a high degree of recognition. The new car provides 7 body colors to choose from, including Polar Day white, polar night black, Star Twilight Gray, dawn brown, Forest Green, Stream Stone Blue, and Cloud Orange. The chassis suspension adopts a front double wishbone and rear multi-link independent suspension, and is equipped with air suspension and CCD electromagnetic vibration reduction system. The chassis lifting range is 70 mm, and the maximum ground clearance can reach 230 mm. 6. Conclusion Finally, We want to say that high attention does not mean high sales. What kind of sales performance will Zeekr 7X have in the future will also be tested by time and the market. So what else do you want to say about the Zeekr 7X? How much do you think it should sell for a big sale? Welcome to leave a message in the comment area, let’s discuss it together. Maybe you’d like to read:

New Power Auto Brands: Among the new power brands, Ceres, Zero, and Ideal all performed well in July. Thanks to the shortlisting of government procurement vehicles and the endorsement of mainstream media reports, Tesla still maintains its growth momentum, with both year-on-year and year-on-year increases. 1. Tesla In July, Tesla’s Shanghai factory delivered 74,117 new vehicles, up 15 percent year-on-year and 4.4 percent sequentially. 2. Li Leading Ideal (Li) delivered 51,000 new vehicles in July, a record high for monthly deliveries and an increase of 49.4% year-over-year.2024 Deliveries from January through July totaled 239,981 units. As of July 31, 2024, Li Cars has delivered a total of 873,345 units. 3. NIO Nio delivered a total of 20,498 new vehicles in July, realizing three consecutive months of deliveries of more than 20,000 units, an increase of 0.17% year-on-year. From January to July this year, Nio delivered 107,924 new cars, up 43.85% year-on-year. Up to now, Nio Auto has delivered a total of 557,518 new cars. 4. Xpeng Xpeng Motor delivered 11,145 new vehicles in July, up 1% year-on-year and 4% sequentially. Among them, 1,459 units of Xpeng X9 were delivered, with a cumulative total of 14,602 units delivered in the seven months since its launch, leading the market for pure-electric MPVs and pure-electric three-row seating models.2024 From January to July, Xpeng Motor’s cumulative total new vehicle deliveries amounted to 63,173 units, representing a year-on-year increase of 20%. 5. Leapmotor In July, Leapmotor’s delivery volume broke 20,000 units again, reaching 22,093 units. Among them, Leapmotor C16 has broken 10,000 units in the first month of its launch, and has opened the national delivery. As of early July, Leapmotor has delivered more than 400,000 units. On July 30, Leapmotor International has sent the first batch of Leapmotor C10 (panoramic view car) and T03 electric cars from Shanghai port to Europe. This is an important milestone in the partnership between Stellantis Group and Leapmotor and demonstrates their joint commitment to rapidly deliver sustainable mobility solutions and innovations to the European electric vehicle market. From the fourth quarter of 2024, Leapmotor International will also launch the C10 and T03 models in the Middle East and Africa, Asia-Pacific and South American markets. 6. Xiaomi Xiaomi Auto delivered more than 10,000 units of Xiaomi SU7 in July, and the official said that deliveries will continue to break 10,000 units in August, and it is expected to complete the annual 100,000-unit delivery target ahead of schedule in November. Since July, millet car had two consecutive weeks of delivery decline, the first week of July sales of 3,711 units, the second week of 2,239 units, the third week of 1,500 units, and the fourth week rebounded to 3,900 units. Subsequently, millet public relations department general manager Wang Hua responded that Millet car deliveries declined because of a new round of production line tuning maintenance in July, to further enhance production capacity to prepare, production line tuning and maintenance will not affect the July deliveries continue to break the target of ten thousand. 7. Neta Neta Auto delivered a total of 11,015 units across its entire range in July. Previously, on July 25, Neta X was launched simultaneously in Kuala Lumpur, Malaysia and Bangkok, Thailand, with orders exceeding 1,000 units in 72 hours in Thailand. In the future, the new Neta X will be launched simultaneously at home and abroad on August 3rd. To date, Neta Auto has laid out 42 stores in Thailand. Conclusion July China car market overall steady progress, with the “price war” in the white-hot stage, voices are questioning the Chinese brands will only “China’s Auto Price War ”, but BYD and other brands have expressed their position, will gradually decentralize the smart driving to the USD 25,000 class models, so we are full of expectations for the future of mobility intelligent networking. However, BYD and other brands have been stating that they will gradually bring SmartDrive to the USD 25,000 class, which makes us look forward to the future of smart connectivity in mobility vehicles. At the same time, the dazzling sales of the Aito M9 have made everyone realize that domestic cars can also stand firm in the 500,000 yuan class market. Some traditional joint venture brands, on the other hand, are accelerating their transition to new energy, and when announcing sales figures, they will even indicate the proportion of hybrid models. Tesla, on the other hand, still has significant economies of scale and is even preparing to re-enter the insurance industry. 　　At the end of August, the Chengdu Auto Show will debut several new cars, such as the BYD Seal 06 GT, the new BMW X3, the Geely Xingyue, etc., the second half of the domestic automobile market competition is bound to be even more intense, but for consumers, there are more choices to buy a car, naturally counted as a good thing. Maybe you’d like to read:

Joint Venture Automobile/Overseas Brands: Overseas brands in the domestic market are weak, and Honda’s sales continued to decline again last month. These traditional car companies full of anxiety have sought new energy transformations, which at the sales level can compete with the models of independent brands? Take a look at the specific performance. 1. SAIC Volkswagen ID. Series SAIC-Volkswagen’s ID. family delivered 11,258 new cars in July, a 6.5% increase over June’s deliveries (10,572 cars). Meanwhile, on July 31, SAIC-Volkswagen also launched the “Smart Model”, of which Volkswagen ID.3 launched a total of five models, and Volkswagen ID.4 X launched a total of three models, The new car received upgrades in the areas of intelligent voice, intelligent cockpit and intelligent driver assistance. 2. FAW TOYOTA FAW Toyota delivered 70,165 units in July, down from 73,545 units in June. In addition, deliveries of the all-new generation Prado, which has previously completed its launch and rollout with four models, will officially begin on August 5th. 3. GAC Toyota GAC Toyota’s sales in July were 59,118 units, of which the proportion of hybrid models increased to 53.2%. In terms of single-vehicle models, Toyota Camry sold 13,179 units in July, with a 72.6% share of hybrid models; Toyota Sena sold 8,320 units in July, a record high for a single-month sales; Toyota Honda sold 6,158 units in July, with a 81.6% share of hybrid models. 4. Honda Honda’s end-use vehicle sales in China for July 2024 were 52,567 units.Honda’s cumulative end-use vehicle sales in China for January-July 2024 totaled 468,473 units, a ratio of 75.6% over the same period, which translates to a 24.4% year-over-year decrease in sales. 5. Yueda Kia Yueda Kia announced that July 2024 sales reached 22,156 units, up 39.9% year-on-year, with sales exceeding 20,000 units for the second consecutive month; 21,400 units of complete vehicles were produced in July, up 41.7% year-on-year; and cumulative sales from January to July 2024 reached 131,745 units, up 66.5% year-on-year. It is reported that in the second half of the year, Yueda Kia will also launch the new Kia K5 and EV5 GT-Line models. Maybe you’d like to read:

In the first week of August, many Chinese automakers released their sales figures for July. Looking back on July, China’s new-energy vehicle sales continued to rise, and the momentum of development remains rapid. At the same time, a group of luxury brands, led by BMW, announced that they were withdrawing from the “China Auto Price War” to protect their brand value, and began to adjust their prices back. On the contrary, the independent brand is still steady, in the volume of prices at the same time, but also do not forget to research technology, so consumers will pay for it? Let’s take a look at the sales performance of China’s major automakers in July! Major Chinese Car Brands： The overall results of Chinese auto brands are still very good, the head of several auto groups, BYD, Chery, Changan, and Geely model sales of more than 150,000 units, although individual car companies only released some of the data, but the comprehensive January-July sales, most of them are still steady to good trend. 1. BYD BYD officially released that July sales amounted to 342,383 units, of which 340,799 passenger cars were sold, up 30.5% year-on-year. The BYD Dynasty + Ocean series sold a total of 328,178 units, up 31.3% year-on-year. As for other brands, Denza Auto sold 10,340 units in July, Yangwang Auto sold 439 units in July, and the Formula Leopard brand sold 1,842 units in July. Meanwhile, BYD exported a total of 30,014 units overseas in July, a year-on-year increase of 65.2%. 2. chery Chery Holdings Group released a sales snapshot, the overall automobile sales in July were 195,759 units, an increase of 30.1% year-on-year. Among them, 90,281 units were exported overseas, up 16.8% year-on-year; 45,370 units of new energy vehicles were sold, up 254.5% year-on-year. From January to July, Chery Group sold a total of 1,296,380 vehicles, up 45.4% year-on-year. In terms of a single brand, Chery auto sold 123,123 vehicles in July, up 20.4% year-on-year; January-July sales of 829,890 vehicles, up 38.3% year-on-year; Exeed auto sold 14,443 vehicles in July, up 26% year-on-year; January-July sales of 68,890 vehicles, up 28.3% year-on-year. Jetour Auto sold 41,106 vehicles in July, up 91.1% year-on-year; January-July sales of 264,661 vehicles, up 97.7% year-on-year; iCAR auto’s first product has been on the market for five months, with sales of 6,065 vehicles in July; cumulative sales so far this year are 31,651 vehicles. 3. Geely Geely Automobile officially said that July 2024 sales were 150,782 units, up 13% year-on-year; January-July cumulative sales of 110,6512 units, up over 36% year-on-year. Among them, July new energy sales of 59,051 units, up 58%; January-July new energy cumulative sales of 379,236 units, an increase of 105%. July overseas export sales of 32,382 units, up 65%; January-July overseas export cumulative sales of 229,810 units, an increase of 67%. From a single brand point of view, Geely’s auto sales of 113,855 units in July, January-July cumulative sales of 855,715 units, an increase of more than 30% year-on-year. Among them, the Geely Galaxy series sold 16,704 units in July, an increase of more than 66% year-on-year, and the cumulative sales from January to July totaled 98,125 units, an increase of more than 397% year-on-year. China Star – Premium Series sold 34,244 units in July, up 24% year-on-year. The LYNK&CO auto sold 21,272 units in July, with cumulative sales of 147,272 units from January to July, an increase of more than 48% year-on-year. Among them, the new energy family of LYNK&CO sold 15,094 units in July. Overall July new energy models accounted for 71% of Link’s total sales, a record high. It is reported that LYNK&CO’s first pure electric model Z10 will be officially listed in September. Zeekr brand sales in July were 15,655 units, an increase of 30% year-on-year, and January-July cumulative deliveries of 103,525 units, an increase of 89% year-on-year. Currently, Zeekr has made its deliveries exceed 300,000 units in just 33 months. 4. Changan Chang’an Automobile’s overall sales in January-July 2024 amounted to 1,504,682 units, an increase of 5.7% year-on-year. Among them, Changan Automobile’s independent brand New Energy sold 344,483 units in January-July, up 59.8% year-on-year; Changan Automobile’s independent brand overseas sold 228,607 units in January-July, up 67.6% year-on-year; and Changan’s series of Chinese-branded passenger cars sold 919,075 units in January-July, up 1.8% year-on-year. In terms of individual brands, Changan Qiyuan delivered 85,413 units in January-July, Deepal Auto delivered 100,579 units in January-July, and Avatr delivered 32,655 units in January-July. Changan Auto sold 715,895 units in January-July, Changan Kaicheng sold 141,086 units in January-July, Changan Ford sold 128,432 units in January-July, and Changan Mazda sold 41,169 units in January-July. Among them, Avatr delivered 3,625 units in July, up 103% year-on-year. At the same time, Avatr also took the initiative to carry out channel changes, with direct + agent dual-line parallel mode, to accelerate the construction of channel capacity, and to provide users with more convenient and better quality of service. It is worth mentioning that this year, Avita will bring two new models, namely Avatr 07 (expected to be launched in September) and Avatr 12 Extended Range Version (expected to be launched within the fourth quarter). A total of 16,721 units of Deepal cars were delivered in July, and in July, the delivery of the Deepal G318 was officially opened, while the Deepal S07 was also launched, which was available in 10 models at a good price. 5. GWM Great Wall Motor sold 91,285 units in July, down 16.32 percent year-on-year. 650,954 units were sold in the January-July total, up 3.6 percent year-on-year. In terms of brands, almost all of them, except for the Tank auto, saw a year-on-year decline. Haval Auto sold 52,944 units this month, down 15.92% year-on-year, with cumulative sales of 352,682 units from January to July, down 0.82% year-on-year. 2,765 units of WEY auto were sold this month, down 58.43% year-on-year, with cumulative sales of 22,632 units from January to July this year. Great Wall pickup truck sales of 12,028 units, down 24.07% year-on-year,

In a recent online seminar, Canalys automotive industry analysts provided insights into the global electric vehicle (EV) market outlook to 2023. Here are a few key trends that will shape the market in the coming year: The market is recovering from adjustments to EV subsidy policies In January 2023, governments around the world adjusted their EV subsidy policies almost simultaneously. This dealt a huge blow to EV sales in 2022, as buyers either purchased early in order to use their 2022 subsidies or delayed their purchases in order to use their 2023 subsidies. These adjustments are already negatively impacting 2023 orders and will continue to do so throughout the year. Changes in major EV markets include the complete elimination of subsidies for EVs in China, Norway, Sweden, and the United Kingdom. France, Germany and the Netherlands continue to cut subsidies. A few markets will increase subsidies in 2023, but depending on the brand of the EV, the U.S. being one of them. Under the new policy, the government will subsidize different EV models depending on price, where they are assembled, and where the battery minerals and components are sourced. But such a policy could have a “one step forward, two steps back” result in the U.S.: fewer vehicles would qualify for federal tax credits in 2023 than in 2022. Tesla’s Electric Car Price War Tesla lowered its vehicle prices in January 2023, and competitors are under pressure to cut prices as well. When the most profitable headliner in an industry cuts prices, it can be devastating to many of its peers, especially emerging brands that are not yet profitable. Tesla’s overall price cut is about 20 percent, depending on the model and market. Not only does this move expand the target market, but in addition, more Tesla models will be eligible for subsidies in 2023 compared to 2022, especially in the United States. Price cuts are also beneficial in maintaining sales in markets where subsidies have been eliminated. Since Tesla doesn’t have a network of dealers, marketing campaigns, or cumbersome processes to drag down, it can make quick decisions based on local market conditions. Unlike many of its competitors, Tesla has economies of scale and the ability to deliver quickly by increasing capacity and efficiency. While price cuts can affect the brand’s margins and cause dissatisfaction among customers who previously purchased vehicles at higher prices, for Tesla, more vehicles on the road will improve the company’s ability to cash in on software and services. Geographic expansion and market repositioning Some of China’s emerging EV brands are going abroad, and these brands are targeting markets where demand is strong and/or in short supply, or where product choice is limited, in the hope of finding new opportunities. Europe has been a key target for them, with more than a dozen Chinese automakers entering the European EV market in 2022. These brands will initially choose to work with distributors, but some have also opted to set up headquarters, service centers, and showrooms in Europe. But in 2023, car companies will have to remain flexible and move to other markets if necessary, as demand for electric vehicles is heavily influenced by price and government incentives. Without incentives, the luxury showrooms that these brands have opened in places like Oslo, Norway, will soon be deserted. Beyond Europe, there are many opportunities for emerging brands to grow in 2023, such as Australia, India, Japan, Latin America, and Southeast Asia, many of which will still not have a mainstream EV brand in 2022. EV growth to slow in mature markets With rising interest rates and inflation and uncertainty about the shape of the overall economy, the best the entire light-duty vehicle market can expect in 2023 will be a year of low-single-digit moderate growth. 2022 will see the price of electric vehicles rise as material and manufacturing costs generally rise. 2022 will see the average price of an electric vehicle in the United States at around $65,000 (€61,000), a price range that does not There are not enough potential customers in this price range. That’s because there aren’t many other models available to American consumers. Chinese car companies have done their homework on electric cars, working to meet not only the needs of all customers, but more importantly, the budgets of all customers. For example, the Wuling Hongguang Mini EV, which is selling like hotcakes, starts as low as 33,000 yuan ($4,800). Since its launch in mid-2020, the model has sold a staggering one million units, and although there are many similar models from competitors, none of them can match it. In contrast, European customers have a wider selection of models, including popular compact cars. But when it comes to price points, European consumers are only willing to accept a premium of around 25 percent for electric vehicles, including the electric version of the Peugeot 208, Europe’s most popular car. In summary, while the market is not yet saturated, EV sales growth will slow in 2023 due to the lack of electric versions of certain vehicle lines, the price gap between EVs and fuel cars, the weak economy, and the elimination of EV subsidies in many markets. In addition, maintaining a growth rate of more than 50 percent year-over-year is ultimately a very difficult task.