Notes

Chinese Electric Cars And Truck Brands

In China, a number of companies are producing and offering EVs. Some are independent, and others are joint endeavors with other cars and truck makers.
Some brands, such as BYD, have a huge existence in the Chinese market and are making huge investments in their EV infrastructure. Others, such as SGMW and Wuling, are gaining momentum with their low-priced models that interest a big sector of the population. These brands are a mix of private business and government-backed enterprises. Some are new and others have been around for years.
Of the 15 companies with the greatest EV sales in 2022 and the first quarter of 2023 (based on CPCA figures), four are state-owned. The other 11 are private businesses, the majority of which are also associated with other sectors of the economy, consisting of monetary services, electronics, and manufacturing.
These companies include BYD, which was founded in 1995 as a rechargeable battery company. The company later branched off into handset electronic devices and autos, and it is now the world's fifth-largest maker of electrical cars. It stopped production of ICE automobiles in 2022 and now has 7 EV designs, all of which are extremely successful in the Chinese market.
Another public company, NIO, is another popular EV brand name that focuses on SUVs and high-end models. In March and April 2023, NIO sold more than 20,000 systems of its flagship model, the Nio EX SUV, which costs 150,000 yuan ($21,800). It also offers two PHEVs.
The company's cheapest EV, the Wuling Hongguang Mini EV, is priced at an incredibly inexpensive $4,200. It can just do about 62mph and lasts for 124 miles on a charge, however that might be all most purchasers require in a city or suburban environment. Wuling doesn't appear to have plans to export the cars and truck to Europe or the USA, but if it did, it would show what rock-bottom rates might do for EV sales in those markets.

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A newer brand name is Shenzhen-based Li Auto, which was established in 2021 and focuses on electric SUVs. Its first design was the Li One, which was the best-selling EV in China in 2022. It has considering that upgraded the car with optimized self-driving features, and its newest offering is the L7, which retails for $325,000.
Li Auto's success has actually led it to be called "among the EV trio" along with NIO and XPeng, a joint venture in between SAIC and GM-Wuling.
A couple of other Chinese companies are getting into the EV video game, as well. Chery, which has been in the automotive service for a very long time and is among the nation's oldest companies, launched its own EV brand name in 2023. Its iCAR EV line uses sodium batteries produced by CATL and provides 3 models in the cost range of $150,000 to $300,000. GAC Aion has likewise presented its own EV lineup, that includes a pure electrical supercar called the Hyper Hao Bo EV. The automobile was revealed in January 2023 at the Guangzhou Auto Show.




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